Providing expert ongoing advice on ever-evolving financial services regulation
Financial services regulation is going through a period of unprecedented, politicised change where requirements on matters as diverse as liquidity and compensation have been introduced at short notice. We have helped clients deal with measures on short selling, bonuses and bonus taxation, and living wills. The FSA’s more confrontational approach means that our clients look to us to help them prepare for questions and challenges from FSA. Our team have also helped individuals facing market abuse investigations and can advise on how to handle FSA’s approach.
Whether you require advice on whether your business needs to be regulated and assistance with the FSA application to do so, or for an already regulated company, advice on compliance with the FSA's requirements and handling FSA 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 FSA’s rules and developing monitoring processes to demonstrate compliance to the FSA.
Our latest alerts, briefings & reports
Nabarro briefings and reports
LIBOR scandal: one year on
It is approaching one year since the publication of the first regulatory report and large fine against Barclays for alleged LIBOR manipulation in June 2012. Since then, there have been a variety of significant developments in this fast moving area. The purpose of this article is to summarise the key events to date and to look ahead at expected future developments. View full briefing
Examines 10 key questions to help you understand the impact of the AIFMD on your business and fund structures and to consider possible solutions; Examines timing issues and the AIFMD's impact on third country managers and funds; Sets out in a flowchart how the AIFMD applies to raising capital in the EU under the AIFMD. View full briefing
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
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
Externally published articles
OTC derivatives after the introduction of EMIR
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.