Finance Advice & Regulation Solicitors | Irwin Mitchell

What We Do

Financial services regulation is ever-changing and complex, with firms having to allocate increased resources and costs to meet their compliance obligations.  It is therefore important to have company procedures that are fully compliant. Further costs and sanctions may be incurred in the long run if you fall foul of a regulator.

We can assist with the following:

  • Applying for authorisation or variation of permissions
  • Approved person applications (which may be contested by the FCA)
  • Advice on approved person fit and proper issues such as conduct and disciplinary matters, approval refusal, disclosure of criminal convictions and completion of Forms A-D
  • Supervision notification and reporting obligations
  • FCA Handbook rules and breaches
  • Customer complaint handling including Financial Ombudsman Service (‘FOS’) complaints
  • CASS compliance and rule breaches
  • Mis-selling and unsuitable advice concerns
  • Preparing senior management members for interview by the FCA or another investigating body
  • Advice regarding s166 skilled person reports
  • Perimeter and regulated activity (RAO) guidance
  • Anti-money laundering controls and financial crime compliance and POCA obligations

Why Choose Irwin Mitchell?

We advise firms and senior managers of their financial regulatory obligations when applying for authorisation and approval, dealing with supervision conduct enquiries and visits. We also provide expert representation if you are subject to an investigation.

Our expert Sarah Wallace has been seconded to the FCA’s General Counsel Division and the Enforcement & Financial Crime Division so has first-hand knowledge of how the regulator works and the tactics that are used. We can also advise you on contractual and commercial matters, including the compliance aspects of non-contentious matters.

In providing financial regulatory and compliance advice we can draw on assistance from our colleagues in other teams specialising in pensions, employment, corporate and commercial litigation.

Recent Work

Our expert team of financial regulations solicitors have recently acted for:

  • An unregulated firm in relation to FCA perimeter, regulated activity and financial promotion concerns relating to pension unlocking. We made written representations and FCA enforcement decided to take no action against our client.
  • A firm in the European Economic Area subject to a s166 skilled person report and customer complaints relating to pension switching with related FOS complaints.
  • A stockbroker subject to transaction reporting s166 skilled person report and approved person issues. No action was taken by Supervision or Enforcement after s166 report was submitted.
  • Fund managers on corporate structuring including limited partnerships.

Testimonials

“An excellent firm. They are very responsive to clients’ needs, very proactive and they add value significantly to the preparation and conduct of the case.” - Chambers & Partners, 2016.

Sarah Wallace “fights tooth and nail for her clients, while remaining pragmatic.” - Legal 500, 2015.

"Irwin Mitchell is 'an excellent alternative to the City firms' for FCA investigations and enforcement actions." - Legal 500, 2014.

"Sarah Wallace is tenacious in pursuing the interests of her clients whilst giving realistic advice." - Legal 500, 2014.

"Sarah Wallace is a 'tenacious' and 'diligent' lawyer, who is committed to her cases and provides very good client care." - Chambers & Partners, 2014.

For more information on Financial Advice & Regulatory Compliance

If you are interested in understanding how Irwin Mitchell can help you with your Financial Advice & Regulatory Compliance work then please contact Sarah Wallace (Partner) on +44 (0)207 421 3876, or send us an email.