They have a strong track record of seeking innovative solutions on behalf of clients.
Penningtons Manches’ financial services group specialises in all areas of financial services regulation, compliance, disputes and enforcement. With many years of experience in their respective fields, our lawyers focus on delivering advice that is always pragmatic, commercially realistic and technically accurate.
We support banks, insurers and other Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) regulated firms on business structures and product design, ongoing regulatory compliance, route to market and financial promotion. Particularly known for our expertise in the cutting-edge fintech sector and for assisting peer to peer debt and equity crowdfunding platforms, we can, where appropriate, provide guidance on how to structure businesses to fall outside the regulated financial services regime.
Our team advises on ‘passporting’ and other EU directive rights. We help banks, corporates and financial institutions from outside the EEA to enter the UK and wider European markets; EU based banks and institutions to access the UK market; and UK regulated firms to expand into other European countries. We regularly execute high value cross-border M&A transactions for clients in the regulated financial services sector.
In-depth knowledge of current financial services law, regulatory trends and evolving practices enables us to anticipate how changes may affect our clients’ businesses. We advise regulated firms, and senior executives in their own right, on managing their obligations under the FCA Approved Persons and Senior Managers Regimes, including dealing with compliance, recruitment, terms of employment, team moves and disciplinary matters.
Our financial services disputes specialists are able to help firms and individuals pursue and defend regulatory based claims, and to manage investigations and disciplinary actions by regulators. We have a proven track record in achieving favourable settlements through the courts and by pre-action negotiations. Wider expertise within Penningtons Manches in areas such as banking and finance; private wealth; enforcement; cyber security; data protection and international sanctions enables us to offer added value to our clients across the full spectrum of financial services sectors and markets.
Assisting a number of innovative fintech peer to peer and crowdfunding platforms from initial conceptualisation, fundraising, regulatory structuring and authorisation through to successful live launch.
Running an investigatory process against several directors of a company authorised by the FCA and an overseas regulator and ensuring that their departure from the firm was carried out smoothly, through agreement, but with the appropriate notifications to the regulators.
Acting for a property investment and development group in relation to a competitor’s attempt to manipulate the market and acquire shares at an undervalue.