Introducing our expertise Financial Services

Introducing our expertise Financial Services

Welcome The Financial Services team operates from London and forms part of our Banking and Finance practice, which is ranked as a band one national leader in the Chambers and Partners Guide to the legal professions. We know that the focus on regulation has created a challenging operating environment for businesses. We also recognise that the PRA and FCA’s appetite for regulatory change and enforcement intervention has not diminished. The unprecedented domestic and global developments of recent years have created a complex regulatory landscape, but we have the strength and depth to rise to the challenge.

Andrew Barber Partner

Introducing our expertise Financial Services

Our approach

“They stand their corner in important matters for the client – they were up against much larger London firms and weren’t intimidated by them.” Chambers and Partners 2015

Whatever stage your business is at and whatever the challenges it faces, we have the experience to support you. We understand that you need a legal team you can trust to navigate the complex regulatory waters quickly and effectively. Whether we’re drafting documents and guidance for the distribution of retail products to consumers, negotiating complex investment management agreements or high value outsourcing agreements, or advising on payment services, e-money, financial promotions or consumer credit regulation by the FCA, it matters to us that you feel you’ve received an outstanding client experience. To ensure you get the experience you’re looking for: • we build tailored teams that respond to your full range of legal needs, at all times; • we offer innovative pricing proposals; • we can provide secondment support; and • we can deliver training on the topics that matter most to you.

All of our financial services lawyers have spent a significant period of time in-house with either a regulator or an international financial institution.

Introducing our expertise Financial Services

Andrew Barber has “a broad knowledge and always has references to regulations at his fingertips” - Legal 500 2015

Our experience General financial services

Insurance

We’re focused on helping you to remain compliant with FCA and PRA rules. We also have the skills and experience to advise you on, and to prepare, applications to the regulators for authorisations, changes in control and variations and cancellations of permissions.

We have particular expertise in advising insurers on distribution arrangements, including appointed representative/introducer appointed representative agreements.We advise on perimeter issues under the Financial Services and Markets Act 2000, such as exemptions for general insurance. Our expertise extends to international issues, such as passporting under the Insurance Mediation Directive.

By working with such a variety of financial services firms, we have developed extensive expertise in ‘whitelabelling’ and the retail distribution (including distribution agreements, introducer agreements, appointed representative agreements) of financial services products such as savings and current accounts, ISAs, insurance, mortgages and consumer credit products. We can help you ensure that your product terms and conditions are compliant with financial services regulations and we work closely with our other regulatory experts to ensure compliance with provisions of the consumer protection regime, including those of the Consumer Rights Act 2015. Your marketing strategy is important to you and your business and that’s why it is important to us. We frequently review financial promotions to ensure they are compliant and we do it without compromising on your commercial goals.

Mortgages Secured lending forms a large and important part of what our clients do. We understand the risks they are facing and that’s why we are working with them to prepare compliant mortgage documentation, including KFIs and offer documents. We’re looking to the future and advising on the wide-ranging implications and requirements of the Mortgage Credit Directive. We can advise you on the enforceability of regulated mortgages, conduct due diligence reviews and provide reporting in relation to securitisations and other structured finance transactions.

Consumer credit We continue to advise a number of clients on the transition from the previous OFT regime to the new FCA regime. Authorisation can be an intimidating and stressful process, but you can rely on our experience whilst we guide you in the preparation of your application. We also advise on the associated documentation and procedure requirements and the new rules in the Consumer Credit sourcebook. We take pride in knowing you and your products and that’s why we’ve worked directly with in-house marketing teams from conception to publication of their consumer credit financial promotions.

Payment services and e-money Whether you’re a bank, payment intermediary, retailer, or developing new methods of providing payment solutions, we tailor every piece of advice so that it can shape or be adapted to your technological solution. Our expertise spans both the payment service and electronic money regulations and we can advise you on possible exemptions under these regulations and your scope of obligations.

Anti-money laundering, financial sanctions and the Bribery Act Allegations of corruption can stop your business in its tracks. Without appropriate anti-bribery and anti-corruption procedures you open yourself up to risk of personal and corporate liability as well as reputational damage. It matters to us that, even at your busiest periods, you are protected from the time and cost, as well as reputational risk that formal investigations into bribery and corrupt practices inevitably involve. Our team of experts will be by your side at each step, whether you need practical advice on procedures and governance programmes, or robust, innovative solutions to managing internal investigations and investigations by the regulatory authority. By working with the latest all-digital challenger bank, we have developed robust processes that can be adopted by clients to carry out due diligence on potential investors. We can also work with you to produce anti-money laundering procedures that are designed to fit your business.

Introducing our expertise Financial Services

Our clients

How we add value

Spanning all aspects of financial products, distribution, operations, treasury, governance, compliance, employment law, procurement and facilities, we use our deep and broad industry experience to balance commercial and regulatory needs. Our legal experts provide clear plans of action for day-to-day business, as well as tailored direction on more complex, strategic initiatives - whether transactional acquisitions and procurement or transformational change.

Consumer Credit training

What matters most to us, however, is that you know you can trust us to provide an utterly unique service, every day of every year. This means looking at every problem you face as your partner. For us, your objectives are key to our approach. We don’t view solutions in terms of legal disciplines. We listen to what you want to achieve, ask the right questions and help you to get the right solution.

• AIG Europe

• Union Bancaire Privée, UBP SA

• Brewin Dolphin

• Old Mutual Wealth

• Canopius

• Post Office Money

• LV=

• Hutchison 3G (Three)

We would be happy to offer training on a range of consumer credit topics, with training being tailored to address your areas of interest. Topics could include a general overview of the consumer credit regime, financial promotion requirements in the Consumer Credit sourcebook or current areas of focus for other consumer credit firms (for example issues arising with annual statements).

Innovative pricing We understand that you want meaningful value from the service we provide and this can be achieved through inovative pricing proposals. Where appropriate we look to provide you with pricing options that allow you to decide what matters most to you.

Contacts

What Matters Most

Andrew Barber

Roseyna Jahangir

Partner Banking & Financial Services

Associate Banking & Financial Services

T: +44 (0)207 788 2334 E: andrew.barber @bonddickinson.com

T: +44 (0)207 788 2377 E: roseyna.jahangir @bonddickinson.com

Introducing our expertise Financial Services

At a glance

Outstanding client experience

Best legal adviser

Leaders in our field

Top ranked employer

114

Employer of choice

Named Best Legal Adviser in Legal Week’s Client Satisfaction Survey for 3 years running.

of our lawyers are ranked in Chambers and Partners.

Sector insight

National reach

8

strategic sectors:

Chemicals and manufacturing Energy and natural resources

7

Sustainable business

office locations

We’re on the ground in the UK’s key financial centres and industry locations: Aberdeen, Bristol, Leeds, London, Newcastle, Plymouth and Southampton.

Financial institutions Insurance Private wealth Real estate Retail and consumer goods Transport and infrastructure

Ranked in The Guardian 300 and also a Top 100 Graduate Employer by the Job Crowd. The firm is an IIP Silver Standard Employer.

We advise

40+ FTSE companies.

Committed As a founding member of the Legal Sustainability Alliance, we are committed to measuring and reducing the carbon footprint of legal businesses.

Depth of talent

130+ Partners

650+ Legal professionals

© Bond Dickinson 2015. Bond Dickinson LLP is a limited liability partnership registered in England & Wales under no OC317661. Authorised and regulated by the Solicitors Regulation Authority for legal work. This communication is provided for general information only and does not constitute legal or other professional advice. You should consult a suitably qualified lawyer on any specific problem or matter.

www.bonddickinson.com