Providing expert ongoing advice on ever-evolving financial services regulation
Financial services regulation is going through a period of unprecedented, politicised change. Fundamental aspects of the regulatory regime have changed recently, such as the EU's Alternative Investment Fund Managers Directive and the European Market Infrastructure Regulation. We have helped clients understand how these regulatory changes impact their businesses and what they need to do in order to comply. Often it is not clear how these new regulatory requirements will operate in the real world and, to ensure we are at the forefront of the development of market practice, members of our team are involved with various industry bodies such as the Investment Property Forum, the Financial Markets Law Committee and the Alternative Investment Management Association.
Whether you require advice on whether your business needs to be regulated and assistance with the application to do so, or for an already regulated company, advice on compliance with the FCA or PRA's requirements and handling enforcement matters, we can help.
Authorisation involves an ongoing role for us and we can help you get comfortable with your new obligations, assist you to put in place structures to deal with your regulator’s key concerns and advise on the opportunities and risks posed by upcoming changes. Our work ranges from producing legal risk management documents, such as terms of business, to drafting internal procedures to achieve compliance with the FCA and PRA's rules and developing monitoring processes to demonstrate compliance.
Our latest alerts, briefings & reports
Nabarro briefings and reports
Crowd control: FCA consultation on regulation of crowdfunding
Recently the FCA published a consultation paper (the CP) on the FCA's regulatory approach to crowdfunding. View full briefing
ISDA raises the profile of arbitration
On 9 September 2013 International Swaps and Derivatives Association (ISDA) published guidance on arbitration in the context of disputes arising under its documentation and a set of model arbitration clauses. View full briefing
10 things you need to know about the European Market Infrastructure Regulation
We have been talking about the European Market Infrastructure Regulation (EMIR) for years. With certain parts of EMIR now in force and others planned imminently, here are 10 key questions to help you understand if, and how, you will be affected by EMIR. View full briefing
Is "Safe Harbor" no longer safe? EU to review regime for personal data transfers to the US
In a dramatic announcement on 19 July, EU Commissioner Viviane Reding stated that the European Commission will be reviewing its Safe Harbor Agreement with the US. This review will be keenly awaited by many companies and other organisations who presently rely on the Safe Harbor Agreement to lawfully transfer personal data between the EU and the US. View full briefing
AIFM)D-Day - Key points to note in FCA Policy Statement 13/5
The Alternative Investment Fund Managers Directive (AIFMD) is transposed into UK law today. View full briefing
Externally published articles
Ten things you need to know about the European Market
We have been talking about the European Market Infrastructure Regulation (EMIR) for
years. With certain parts of EMIR now in force and others planned for later this year, here
are ten key questions to help you understand if, and how, you will be effected by EMIR.
This article was first published by Thomson Reuters Accelus. View full briefing
What will new rules on credit rating agencies mean in practice?
Financial Services analysis: With new rules relating to credit rating agencies having now been agreed at European level, Sam Robinson, senior associate at Nabarro LLP, who advises on UK and EU financial services law and regulation, considers the impact of these provisions on credit rating agencies and the financial services industry.
Banking & Finance analysis: With certain aspects of the Regulation on OTC derivatives, central counterparties and trade repositories (EU) 648/2012 now in force, Sam Robinson, senior associate at Nabarro who advises on UK and EU financial services law and regulation, considers the impact of the European Markets Infrastructure Regulation (EMIR) on the industry.