Insights & News

Senior Managers Regime, Certification Regime and Conduct Rules

Inbrief

11 January 2022

The Senior Managers Regime, Certification Regime and Conduct Rules (SMCR) was introduced in response to the global economic crisis to strengthen accountability and encourage good governance. The regime requires clear allocation of responsibilities to senior managers and, crucially, makes it much easier for them to be held personally liable for governance failures. It also aims to improve awareness of conduct issues across firms and, together with increased individual accountability, deter misconduct.

Buy Now Pay Later: FCA regulation appears to be looming. What might this mean for those offering this form of payment option?

29 October 2021

Businesses that offer regulated credit agreements must be authorised to do so by the UK’s FCA and must comply with relevant FCA rules as well as requirements in the Consumer Credit Act 1974 and subsidiary legislation.

Gambling in Crypto: The Next Revolution?

01 September 2021

If the first technological revolution in gambling occurred in the 1990s with an explosion in virtual gambling, might crypto bring about the next gambling revolution?

Lewis Silkin — Wendy Saunders. Timothy Leeson and Michael Anderson comment for New Law Journal

Press

15 April 2021

Lewis Silkin has announced the hire of Wendy Saunders—a financial services, markets law and regulation expert—as a legal director. Her addition to the team further bolsters the firm’s financial services offering, as well as provides additional expertise for the technology & communications sector.

Lewis Silkin strengthens financial services offering with specialist hire

Press Release

12 April 2021

Lewis Silkin LLP today announces the hire of Wendy Saunders – a financial services, markets law and regulation expert – as a Legal Director. Her addition to the team further bolsters the firm’s financial services offering, as well as provides additional expertise for the technology & communications sector.

SPACs post-Hill: a blank cheque to growth?

29 March 2021

Lord Hill published the “UK Listing Review” on 3 March 2021. This proposed 15 recommendations to the UK Listing regime. This article focuses on those which we all hope may result in a greater number of SPAC listings in London.

Clarifying the boundary of regulated activities: Financial Conduct Authority v 24Hr Trading Academy Ltd

29 March 2021

On 25 March 2021, the High Court delivered summary judgment in FCA v 24Hr Trading Academy Ltd regarding breaches of the general prohibition and restriction on financial promotion by a financial education firm. The FCA sought injunctive relief and restitution.