Bingham’s UK Financial Regulatory Practice provides UK, European and US-based financial institution clients with advice on all aspects of the UK and European regulatory framework. Over many years our team has built a stellar reputation both with clients and regulators for enforcement, investigations and advisory work. So, what sets us apart?
Enforcement and Investigations
- Unique Team
Our contentious team has a detailed understanding of the regulatory framework in the UK and is consistently noted as a market-leader for enforcement and investigations work. We have unmatched experience in this field and are the only practice in London that is entirely dedicated to financial services regulatory work.
- Direct Knowledge
We have a deep and unrivalled understanding of the regulator gained from years of experience working at the FSA and for regulated businesses. Helen Marshall had a nine-year career at the FSA, including as Head of Enforcement, where she was responsible for the conduct and oversight of many significant investigations. Rosemarie Paul was a member of the FSA’s Enforcement and Financial Crime Division, where she provided legal advice to the investigation teams and led cases through Decision Committee and Upper Tribunal hearings.
- Comprehensive Representation
Our team can assist with all aspects of dealing with the Financial Conduct Authority (FCA) and Prudential Regulatory Authority (PRA) including, applications for authorisation and approval, information requests, product intervention queries, broader supervisory enquiries and thematic reviews, to involvement with s166 reports by skilled persons. We support and guide our clients through all stages of FCA investigation and enforcement proceedings, from the first notice of appointment of investigators, through to Regulatory Decisions Committee Hearings and referrals to the Upper Tribunal.
- Timely and Strategic Guidance
The increasing volume of new regulation being introduced at both a domestic and European level means that staying abreast of the latest regulatory requirements can be a challenge. Our non-contentious advisory team provides practical, time-sensitive guidance on all aspects of financial regulation in the UK and the EU, ensuring that clients meet their obligations in an environment of constant regulatory change. The team advises on all aspects of the financial regulatory framework in the EU and the UK, including market abuse and market conduct rules, development of compliant investment management strategies, structuring of investment management and advisory platforms, change of control issues and fund marketing and distribution.
- Focus on Prevention
The FCA and the PRA have stated that they intend to take a pre-emptive approach to regulation; our UK Financial Services Regulatory team takes a similar approach. We recognise that prevention is better than cure, so we work with our clients to address potential regulatory issues before they become problems while still having the skills needed to pursue matters through enforcement where necessary.
- Effective Communication
The FCA recognises the need for effective communication between itself and firms. Out team’s experience means that we are well-placed to ensure there is a clear, constructive and collaborative dialogue between our clients and the FCA.
- International Resources
As a firm, we operate across strategic locations in London, New York, Boston, Washington, D.C., and Tokyo. We frequently work with our US and Asia offices on cross-border financial services advisory matters and investigations. Our clients benefit from the international resources of Bingham’s premier securities practices, providing clients with a fully-integrated set of legal services focused on securities law, compliance and regulation. The international nature of our client base means that we are often asked to advise on cross-border matters and we have taken a leading role in advising the global financial services industry on the impact of EU legislation.