Here at Womble Bond Dickinson, our team of financial services lawyers are attuned to the needs of each individual client and are here to put in place effective strategies in accordance with regulatory compliance.
Financial service regulations can pose many challenges for businesses, so if you’re looking for a financial services lawyer that can offer pragmatic advice and support in navigating a complex regulatory landscape, then our team is here to help. Our leading financial service solicitors aim to meet the needs of your business and enable clients to adhere to complex regulator requirements.
Keeping up to date with legislative changes and expectations is imperative to all businesses in order to ensure alignment with regulation changes. Helping to identify what developments are critical within companies, our financial lawyers can offer detailed advice and help towards implementing necessary change within businesses. With expertise across a range of sectors including asset management, banking, restructuring, insolvency and more, our financial services solicitors are here to help.
Financial Services Regulation Clients
Focusing on managing regulatory risk, avoiding disputes and helping to resolve regulatory contention, our lawyers work with a range of financial services clients including:
Banks and Broker
Insurers
Investment firms
Consumer credit and mortgage lenders
Wealth managers
Financial advisers
Fund managers
Payment service providers and e-money issuers
Crowdfunding platforms
Unauthorised firms seeking to remain outside the regulatory perimeter.
Financial Regulation Legal Services
With an unparalleled understanding of the regulatory landscape within the financial sector, our financial lawyers are able to provide a wide scope of services for financial institutions in regards to regulatory compliance including:
Offering access to our regulatory news-site FIN in order to provide a quick and easy way to identify critical needs within businesses
Training staff to be aware of regulations and how to comply with them
Offering financial crime prevention advice to companies in need
Providing advice for those wishing to stay outside of the regulatory perimeter
Advising on outsourcing and commercial agreements
Drafting and reviewing customer documents and agreements with third party companies
Working with fund managers to provide structuring, marketing and distribution agreements
Offering legal guidance on regulatory non-compliance and dispute resolution
Advising businesses on their obligations under payment services and e-money regulations
Providing regulatory strategies for non-bank financial services providers including Fintech’s
Working with commercial insurance experts to advise on distribution, perimeter issues and customer-facing documents
Advising on regulatory requirements of mortgage documentations
Offering guidance to crowdfunding platforms to ensure regulatory compliance.
Regulation shouldn’t be a barrier to the success of your business – it should provide you with a framework for growth.
Nevertheless, financial regulatory changes can be a major distraction to financial services businesses, meaning you need a reliable legal team to keep things simple and let you focus on the day job.
Financial services businesses need to pay careful attention to their governance and risk frameworks, make sure the conduct of business is on point, and monitor every step of the customer journey. Why? To ensure they’re playing by the rules and prepared for any future regulatory curveballs.
It can be a lot to deal with but you can rest assured that our team will be across the detail of every aspect of financial regulation that applies to your business and keep you bang up to date on the issues that matter, making sure you know what the implications and opportunities there are for your business.
Here’s a rundown of the main regulatory topics we can help businesses in all sectors manage, with a particular focus on wealth management, fund regulation, retail banking, consumer finance, insurance distribution, and crypto regulation:
Authorisation for important services such as deposit taking, lending, insurance, wealth management, investment funds, corporate finance, and electronic money and payments related activities
Applications for authorisations, variations of permissions and applications for regulatory approval of individuals
What FCA rules mean for your business, from regulatory capital requirements, l governance, operations, and the SMCR to conduct of business compliance, customer documentation and distribution, and commercial arrangements and liaising with regulators
Policies and procedures for protection against financial crime
Regulatory change projects
What are the impacts of regulatory requirements (not least the Consumer Duty) when you’re launching a new product or service
How to manage tricky situations such as custody and client money and insider dealing and market abuse
The rules around investigation and enforcement.
Regulation awareness and understanding shouldn’t just rest with legal and compliance staff – it’s important for everyone in your business to be on the same page. We can help by offering engaging training sessions for both staff and senior management, including delivering informative learning packages.
Your team
Your financial regulation team
Regulatory issues span industry sectors, but we have the bench strength to meet your needs. Our financial regulation lawyers work hand-in-hand with our commercial, tech, employment, privacy, banking, restructuring, and dispute resolution teams to ensure the best people are on the job for you. Whether you’re a long-standing authorised firm or just trying to understand how regulations impact your business, we’ve got all your bases covered.
When you work with us, you’ll get seamless advice from lawyers who understand the context of your business and think holistically to ensure you get the full picture.
What’s more, if you’re as unapologetically into the detail of finance regulation as we are, then you’ve come to the right place! Not only do we produce our own FIN newsletter and quarterly webinars, our financial services timeline and tailor-made horizon scanning services will help you to easily keep on top of the latest developments.
In need of a financial regulation lawyer? Look no further.
At Womble Bond Dickinson we have an exceptional team of talented lawyers and business professionals who can offer guidance and find the solutions right for your business. We have both broad and niche expertise across all our UK and US offices.
Large insurer on the implementation of the Consumer Duty throughout its retail direct and indirect distribution chain, providing the critical extra pairs of eyes and hands, and the independent sense check on a project that had to run to time and with consistent and compliant outputs
Portfolio manager on its authorisation by the FCA including advice on corporate governance, conduct of business rules, and prudential regulation, as well as drafting the policies, procedures, and the client agreements
Steering a crowdfunding platform through regulatory requirements, loan and investment documentation, investment management and distribution arrangements, customer onboarding and documentation
A full review of a motor dealership’s regulatory permissions and FCA and financial crime prevention policies and procedures, looking at the impact of relevant requirements and producing clear and user-friendly guidance for staff
Software company on regulatory issues associated with crypto infrastructure projects and the offer of crypto assets to investors in the UK and elsewhere
Social housing provider on a review of financial crime risk and application of anti-money laundering requirements.
Testimonials
"Knowledgeable team which understands timeliness and urgency when needed, exceptional and informative with a broad understanding of our industry."
Legal 500 2023
"Timeliness, organised and prompt in their dealings."
Legal 500 2023
"Experienced and knowledgeable", "A pleasure to work with."
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