Financial Services

The law governing the financial services industry was historically little more than an adjunct to company law. Over the last 50 or so years it has grown into an extensive body of law in its own right. As a result, 4 Stone Buildings have developed a specialisation in this area.

The financial services regulatory structure is now based on the Financial Services & Markets Act 2000 (FSMA) and on the rules and guidance of the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), the successors to the Financial Services Authority (FSA). Already complex, the structure continues to address changes in modern markets, and financial products.  These changes and the very complexity of the regulatory framework means that now, more than ever before, specialist advice is essential for those operating in the financial services industry, those seeking to raise capital in the financial markets, those whose activities may be affected by financial services regulation, and the regulatory authorities.

Members of Chambers often advise and represent organisations, businesses and individuals who come within any of these categories. In particular, we regularly represent clients before disciplinary tribunals, such as the FCA’s Regulatory Decisions Committee (RDC), the Upper Tribunal (formerly the Financial Services & Markets Tribunal), and advise those subject to regulatory investigations.

Members are also experienced in conducting litigation involving firms and individuals concerned with the financial services industry, such as brokers, traders, fund managers, advisers and investors; or involving securities and instruments traded in the financial markets, such as shares, bonds and derivatives.

As financial regulation continues to change and the financial sector continues to develop, sometimes rapidly, timely and accurate advice is vital for those involved. With long experience and extensive expertise in financial services law and regulation, our members are well placed to assist.