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Practice Areas

Financial Services Regulation

We have a particular expertise and high reputation in relation to the regulatory regime now governed by the Financial Services and Markets Act 2000 and associated legislation, including European legislation.  The 2000 Act extends not only to regulation of investments but also to banking, insurance and mortgage lending.  Two members of chambers, Eva Lomnicka and John Powell, edit the leading work on the regulatory regime, the Encyclopedia of Financial Services Law (published by Sweet & Maxwell).  They are consistently top rated in The Legal 500 and Chambers and Partners for their work in this field.

Our work in this area covers a broad range.  As well as claims against financial services professionals, it includes advising on discrete aspects of the regulatory regime as well as its impact in various contexts including collective and other complex investment schemes, mergers and acquisitions, flotations, group structures, pensions, employee share schemes and PFI.   Members of chambers also regularly advise and act in relation to claims based on the regulatory regime, including mis-selling claims referred to the Financial Ombudsman Service.    We also advise and act for companies and individuals who are the subject of regulatory scrutiny and investigations, as well as disciplinary proceedings.

Tom Asquith and George McDonald have undertaken secondments at the Financial Services Authority in the General Counsel Division where they worked on amendments to the Handbook. Tom Asquith and Tom Ogden have both spent 3 months in the Enforcement Division of the FSA.