In order to get new products and services to the UK market, there are critical regulatory hurdles to overcome: authorisations for startups and new entrants (including foreign firms), variations of permission for existing firms and change in control notifications for firms acquiring or increasing their control in a UK authorised firm.
Our unique integrated legal and consulting model, supported by our global network, provides effective and efficient services to help firms achieve their regulatory objectives.
We’ll work with you across your full development cycle – from choosing the best regulatory route to authorisation, drafting detailed legal documentation, developing your application documentation through to your business readiness and operational stand-up. Our experienced regulatory consulting team, fully integrated with our renowned legal practices, can provided tailored support in helping you with the heavy lifting on policies, procedures, program management, as well as prudential and conduct risk.
We regularly assist clients on regulatory issues across the financial services industry, such as:
- Banks (including international firms establishing UK regulated entities
- Technology firms including start-ups and Fintechs
- Electronic money institutions
- Payment service providers
- Investment firms
- Insurers
- Asset managers
- Consumer credit providers
- Market infrastructure operators
Representative experience
Advised Goldman Sachs on establishing Marcus, the UK digital retail bank, including assisting with the regulatory approval process, policies and procedures, and producing customer documentation.
Advised numerous FinTech startups on becoming authorized for a range of regulated activities, launching and developing their services and products, drafting of customer terms, and ongoing compliance matters.
Advised a global online e-commerce platform in obtaining authorization with the FCA for carrying out credit broking activities in the UK and advising on new arrangements for the launch of a cobrand credit card.
Advised a global financial institution in successfully obtaining a variation of permission to launch a now well established digital retail bank. We supported the client with insightful guidance and assisted with the design and drafting of a comprehensive regulatory business plan.
Advised an innovative digital retail start-up bank on structure, building the business and rolling out its products. We also provided extensive support in designing and preparing the Regulatory Business Plan.
