Financial Services
We offer full service legal and commercial solutions to the financial services sector, covering all key areas of expertise including: Regulatory, Commercial & Distribution, Investigations, Employment (non-financial misconduct, culture, HR), Corporate, Cyber & Breach Response, Data Protection, Dispute Resolution, Governance & Compliance, and FinTech.
Services
ContactsOverview
Our advice is informed by an in-depth understanding of the regulatory environment in which our clients operate, with clients including leading investment and retail banks, building societies, regulated lenders, asset and wealth managers, payment services firms, and networks of financial advisers and mortgage intermediaries.
We are regularly involved with both the PRA and the FCA and with their supervision and enforcement teams, as well as with other regulators and supervisory authorities such as the Competition and Markets Authority, AIM regulation and the Takeover Panel.
We also have in-depth experience and expertise of assisting institutions with Serious Fraud Office (SFO) and HMRC Investigations and prosecutions and the Financial Ombudsman Service.
We are actively engaged in advising our clients on current “hot topics” including:
- The new Consumer Duty
- Reviewing the Appointed Representatives regime
- FCA business plans
- Transforming data collection building on Digital Regulatory Reporting
- Conduct risks of hybrid working
- Diversity & Inclusion
- Whistleblowing
- Sustainability disclosure requirements and investment product labels
- Operational resilience
- Open Finance
- and FinTech
We have particular expertise on advising on culture and conduct issues, and have carried out a number of audits resulting in the roll out of structural changes to our clients' internal reporting and escalation processes.
Featured experience
- Acting in a $40m dispute involving allegations of fraudulent misrepresentation and unlawful means conspiracy in relation to the sale of shares in a hedge fund business.
- Acting for JP Morgan in the high profile Employment Tribunal proceedings involving a trader seeking reinstatement to his former role.
- Acting for a major global bank in its 10-year distribution deal with a leading insurer, covering all forms of insurance cover and distribution via the bank’s online, mobile channels and in person channels.
Are you ready for the EU Digital Operational Resilience Act?
Our expertise
Asset Managers
We provide legal support to asset managers on all aspects of conduct of business and regulatory risk.
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Banks
We act for all different types and sizes of banks, from challenger banks, to the largest global investment banks. Our clients include a plethora of banks comprising investment, challenger, retail, commercial, investment, foreign banks, private banks, building societies, neobanks, and novel alternative capital providers.
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FinTech
Our legal expertise in FinTech and all its essential component parts – payment, blockchain, wealth management, InsurTech and RegTech – provides competitive advantage for you through our deep understanding of the sector.
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Hedge Funds
We provide regulatory, corporate and commercial advice to hedge funds and their managers, as well as strategic guidance on future legal developments.
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Securities Brokers
We provide regulatory and commercial advice to securities brokers as well as advising on disputes with clients and investigations and enforcement actions by financial services regulators.
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Financial Adviser Networks
As market leaders immersed in the financial services sector, we help financial adviser networks navigate the complex legal and regulatory landscape of the industry.
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Wealth Managers and Advisers
We are the market leading law firm for services to financial advisers/wealth managers and networks.
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What our clients say
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”Khurram Shamsee is a fantastic person to work with. He is always calm, pragmatic and engaged. He takes the stress out of the situation, ensures you feel fully supported and is rarely surprised by anything. His advice is always excellent.
Chambers & Partners, 2023 UK Edition
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”Jonathan Deverill – Excellent operator who is dedicated and very adept at any tasks thrown his way.
Legal 500, 2023 UK Edition
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”David is excellent. He has a deep understanding of the regulatory, legal and commercial challenges facing the financial service sector. David is always responsive to ad hoc questions and always provides clear, thoughtful guidance.
Chambers & Partners, 2023 UK Edition
Financial Services key contacts
Who we are
Why choose DAC Beachcroft?
We’re a broad-based commercial firm serving a wide range of sectors with a strong heritage in insurance,
health and real estate. We combine excellent legal skills and cutting-edge delivery expertise to design
solutions that fit the needs of our clients – often involving clever uses of technology.
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Banking, Restructuring and Insolvency
Our experienced team offers comprehensive insolvency and restructuring guidance to investors, creditors, and corporates, both locally and globally.
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Commercial
Our extensive commercial services span various sectors, with dedicated teams in insurance, healthcare, technology, and more. We provide expert guidance on procurement, IT, contracts, intellectual property, competition, and more.
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Corporate
Our corporate team delivers comprehensive legal solutions to a diverse clientele. We specialise in M&A, Equity Capital Markets, and corporate advisory matters, collaborating seamlessly to help clients achieve their business goals.
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Data, Privacy and Cyber in Financial Services
We provide specialist advice to financial services sector clients, carefully balancing data, privacy and cyber issues in the context of the wider regulatory framework.
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Dispute Resolution
Our Dispute Resolution team has an established reputation for handling complex, high value commercial disputes and achieving successful and pragmatic solutions for our clients.
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Employment
We provide bespoke solutions across all aspects of employment, pensions, immigration, and more. Balancing legal and commercial requirements, we deliver efficiently and provide tangible value to your business.
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Regulatory Investigations and Enforcement
We advise financial institutions facing investigations and enforcement action or other interventions by financial services regulators.
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Internal Investigations
We advise clients on internal investigations into issues ranging from compliance breaches in regulated firms to any matter involving people and the workplace.
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Tax
Our expertise in commercial tax covers all aspects of UK tax, including corporation tax, income tax, NIC, and more. We specialise in managing tax impacts on commercial transactions, guiding you towards tax-efficient choices. Our vast experience ensures tailored solutions for diverse entities in the intricate UK tax landscape.
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