The financial sector is of fundamental importance to the UK economy. It must respond to the global financial crisis and faces the challenges of reform and restoring its position. This applies not only for businesses already in the UK but also for overseas financial institutions wishing to commence business here. We give clear and commercial advice so that you can run and build your business efficiently, seize opportunities, manage risk and protect your reputation.
What we do
Our financial sector group draws from the skills and experience of our lawyers across the firm. The group advises a wide range of businesses and focuses on delivering clear, commercial and pragmatic advice and solutions. This ranges from advice on strategic transactions, regulation and commercial activity such as fund management and lending, to legal support for day-to-day business issues including employment, real estate, intellectual property and IT.
Our latest alerts, briefings & reports
Nabarro briefings and reports
Second FSA consultation paper on transposing the AIFMD
On 19 March 2013, the FSA (now the FCA) published its second consultation paper on transposing the AIFMD into UK law (CP2). Whilst the FSA has not been able to cover all the items it said it would in the first consultation paper, CP2 does offer some more guidance which firms will find useful in getting AIFMD-ready. View full briefing
PAIFs - where are we going?
The Government introduced tax breaks for UK property funds in 2008. It has taken five years for the industry to start responding. Now we are seeing authorised investment funds being launched as property authorised investment funds (PAIFs). Why the delay? Market conditions have played a large part in the lack of action. However, there are still practical and tax issues to be resolved. View full briefing
Financial Sector update March 2013
HEADLINES: The end of the FSA. But what can we expect from the new regime?; Standard & Poor's held liable for investor's loss in Australia; Are you AIFMD-ready? An update on recent publications; Employment law update; FSA imposes first fine for breach of Model Code View full briefing
Impact of the AIFMD on Investment Companies
The Alternative Investment Fund Managers Directive (AIFMD) will almost certainly apply to investment entities listed under Chapter 15 of the UKLA's Listing Rules (Investment Companies). This note sets out some of the factors to consider about the AIFMD. View full briefing
Remuneration rules under AIFMD – final guidelines from ESMA
The European Securities and Markets Authority (ESMA) recently published final guidelines on remuneration under the Alternative Investment Fund Managers Directive (AIFMD). View full briefing