Financial Services UK

  • September 22, 2026

    FCA Wrongly Applies Time Limit To Redress Complaint

    The Financial Conduct Authority has accepted a recommendation to investigate a complaint over its handling of a redress scheme for customers of a group of lenders, after the Complaints Commissioner found the regulator had wrongly rejected the case as out of time.

  • September 22, 2026

    London Property Freeholder Defends Blocking Sublet

    The freeholder of a property in southwest London has defended its decision to withhold permission for a leaseholder to sublet and convert the building for use as a gym, health and wellness spa.

  • September 21, 2026

    UK's New AML Plans May Drive Surge In Financial Crime Work

    Government plans to throw more officers, money and agencies at cracking down on money laundering could be "transformational," leading to a surge in investigations and, City lawyers say, work for defense teams.

  • September 21, 2026

    Mexican Investor Ends $12M Funds Row With Floreat Unit

    A businessman and his company have settled their claim for 10 million Swiss francs ($12.2 million) against a member of the Floreat investment group which they alleged had failed to repay money provided under two investment deals.

  • September 21, 2026

    FCA Forced To Improve Complaints-Handling Access

    The Financial Conduct Authority said Monday it had improved its complaints-handling procedures after accepting some failings identified by the Complaints Commissioner in an investigation of a complaint.

  • September 21, 2026

    FCA Sues Hunter Jones Over Alleged Unauthorized Activity

    The Financial Conduct Authority said Monday that it had brought a claim against property investment specialist Hunter Jones Group and its director over claims the company is carrying out regulated activity without authorization.

  • September 21, 2026

    Dubai Biz Sues Energy Co. For $5.4M Over Unpaid Fees

    A Dubai-based consulting arm of banking company Houlihan Lokey has sued Egyptian petrochemical manufacturer Carbon Holdings Ltd. and two linked companies, seeking payment of more than $5.48 million in allegedly unpaid fees.

  • September 18, 2026

    F1 Says Sanctions Bar Russian Promoter's $24M Refund Bid

    The Formula One World Championship has fought back against claims that it still owes a Russian promotion company a refund for $24 million in race fees that it handed over before Russia's military invasion of Ukraine voided their contract as Western governments imposed sanctions.

  • September 18, 2026

    Claims In Tech Exec's Stock Theft Suit Sent To Arbitration

    A New York federal judge has sent claims against a manager of lender W Management Services and agent SRT Capital SPC Ltd. to arbitration in a wide-ranging suit brought by an Aeva Technologies co-founder who alleges Credit Suisse provided "institutional cover" to conspirators who stole tens of millions of dollars.

  • September 18, 2026

    Frontier AI Explosion Makes Senior Managers Vulnerable

    Lawyers are urging the Financial Conduct Authority to rush out guidance on how far senior managers are accountable for growing risks from cutting-edge artificial intelligence amid unclear and outdated rules.

  • September 18, 2026

    Arab Bank Sues Client For £17M Over Mass Loan Defaults

    Arab Bank Europe has sued an Omani businessman for more than £17 million ($22.7 million) after he allegedly failed to cover payments on four defaulted corporate loans he had guaranteed.

  • September 18, 2026

    EU Insurers Seek Same Rules Overhaul As Banks

    The European Union's governing body should broaden its banking sector growth plans to include the insurance industry, a trade association said.  

  • September 18, 2026

    EU Bank Watchdog Sets Rules For External Risk Management

    The European Union's markets watchdog introduced final guidelines Friday to simplify how financial institutions should manage risks from external providers of non-technological services like payment services or call centers.

  • September 18, 2026

    PRA Pressed On Pledge To Cut Business Admin Burden

    An influential cross-party House of Lords committee has asked the Bank of England's regulatory arm to show how it is making good on the government's commitment to slash the regulatory burden by a quarter.

  • September 18, 2026

    UK Litigation Roundup: Here's What You Missed In London

    The past week in London has seen Victoria's Secret and Thomas Pink file competing IP claims, more than 1,000 retail consumers launch a group action against Binance, Baker Hughes targeted in a commercial claim by its former Russian subsidiary and university students hit four British institutions with breach of contract claims over pandemic-era closures.

  • September 25, 2026

    Walker Morris Hires Ex-DLA Piper UK Capital Markets Co-Head

    Walker Morris LLP said Friday that it has hired DLA Piper's former U.K. equity capital markets co-head to strengthen its capabilities in complex transactions.

  • September 18, 2026

    UK Parks Financial Inclusion Changes Until 2027 Review

    HM Treasury has postponed decisions on several proposed changes to the government's plan to remove barriers to financial participation until a two-year review due in 2027, the government said Friday.

  • September 17, 2026

    Revolut CEO Denies Owing Yacht Broker €17.5M Commission

    A co-founder of Revolut has denied that he owes a British yacht broker €17.5 million ($20.1 million) in commission, arguing that he arranged his purchase of the superyacht directly with the owner.

  • September 17, 2026

    Hedge Fund Sues LME For Breaches Over 2022 Nickel Crisis

    The London Metal Exchange is being accused of abusing its dominance by failing to install safeguards, in a new attempt to hold the market liable for the disorder that followed a surge in nickel prices in 2022.

  • September 17, 2026

    Gabon Bank Says Afreximbank 'Negligent' In €25M Claim

    Gabon Bank has denied liability for a €25 million ($28.6 million) claim brought by African Export-Import Bank, arguing that the payment arose from a fraudulent fuel transaction that Afreximbank knew about, or should have.

  • September 17, 2026

    HMRC Draft Rules Set 22% Charge On Cash In Stock ISAs

    Britain's tax authority published draft rules Thursday for the 2027 cash limit for individual savings accounts, including a new flat-rate charge of 22% on interest earned on cash parked inside stocks and shares wrappers.

  • September 17, 2026

    EU Lawmakers Told Not To Push Trading To Specific Venues

    European Union lawmakers should drop plans that will restrict where investors can execute trades, industry bodies said, warning that the proposals would raise costs and devalue EU shares.

  • September 17, 2026

    Law Firms Can Be 'Partners' In AML Crackdown, FCA Says

    An executive director at the finance watchdog urged law firms on Thursday to work with law enforcement agencies to tackle economic crime, saying they played a crucial role in detecting and investigating the spread of dirty money.

  • September 17, 2026

    FCA Blocks More Peer-To-Peer Illegal Crypto Traders

    The Financial Conduct Authority said Thursday it has continued its crackdown on illegal cryptocurrency trading, working with HM Revenue and Customs and the Metropolitan Police to target suspected unregistered peer-to-peer crypto businesses in London.

  • September 17, 2026

    UK Watchdog Moves To Widen SME's Access To Finance

    The finance watchdog floated measures on Thursday that it said would improve how small and midsized businesses get access to finance, which include limiting duplicated verification checks and streamlining consumer credit rules. 

Expert Analysis

  • FCA's HTX Action Shows Crypto Ad Rules Must Be Followed

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    The Financial Conduct Authority’s London High Court action against global crypto-exchange HTX for illegally promoting its services to U.K. consumers sends the message that it will pursue those who flout the rules from a distance and will be key in testing the extent of the U.K.’s regulatory perimeter, says Nick Barnard at Corker Binning.

  • UK Territories May Yet Prevail On Ownership Disclosure

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    Despite its recently launched anti-corruption strategy, the U.K. government appears to have little appetite in the short term to impose fully public ownership registers on the overseas territories, a position that will be welcomed by advisers and individuals, says Rupert Cullen at Allectus Law.

  • Striking A Balance Between AI Innovation And Regulation

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    The Financial Conduct Authority's recent consultation on the impact of artificial intelligence on financial services highlights the debate between regulators, the government and industry over whether current regulatory frameworks can balance innovation with risk management, say lawyers at Womble Bond.

  • FCA Enforcement Newsletter Reflects Shift Toward Openness

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    The Financial Conduct Authority’s inaugural Enforcement Watch newsletter provides clarity on the cases the regulator is opening and highlights its approach to early communication of enforcement activity, offering a welcome insight into its emerging priorities, says David Hamilton at Howard Kennedy.

  • Preparing For Fund Managers Directive 2 Compliance

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    With the Alternative Investment Fund Managers Directive 2 implementation deadline fast approaching, fund managers should be in the final stages of preparing to comply with changes in governance, policies and documents relating to liquidity management and loan origination activities, say lawyers at McDermott.

  • FCA's Investment Regime May Prove A Double-Edged Sword

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    The Financial Conduct Authority’s final rules on consumer composite investments intend to support retail investors in making more informed decisions while affording firms greater flexibility, but continuing with opaque methodologies will require greater operational and compliance effort in the short term, say lawyers at Fried Frank.

  • EU Foreign Subsidies Guide Brings Clarity And Questions

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    The European Commission’s long-awaited EU Foreign Subsidies Regulation guidelines provide helpful clarifications for companies, but with many areas remaining broadly framed, uncertainty may continue to deter investments and increase the compliance burden on organizations, say lawyers at Hogan Lovells.

  • FRC Audit Proposals Reaffirm Support For Economic Growth

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    The Financial Report Council’s recent proposals to prioritize audit enforcement, supervision and market reform will reward audit firms that self-police and proactively admit auditing standard breaches, signaling its aims to change the market landscape and encourage investment, say lawyers at RPC.

  • How FCA's Client Reforms May Boost Investment Access

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    The Financial Conduct Authority’s recent proposals to reform the professional client categorization regime and simplify conflicts of interest rules are likely to be welcomed, although firms will need to navigate the increased responsibility that comes with greater flexibility, say lawyers at Skadden.

  • UK Banks Are Favoring Tokenized Deposits Over Stablecoins

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    Lloyds Banking's recent purchase of gilt with tokenized deposits is an example of banks' preference for the instrument over stablecoins, which present uncertainty by demanding compliance with multiple conduct regimes, says Dan Jones at MoFo.

  • Where PCAOB Goes Next After A Year Of Uncertainty

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    The Public Company Accounting Oversight Board will likely bring fewer enforcement matters in 2026, reflecting a notable change in board priorities following the change in administrations, say Robert Cox and Nicole Byrd at Whiteford Taylor and Matthew Rogers at Bridgehaven Consulting.

  • Consolidation Of Lloyd's Bylaws Will Be Useful For Members

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    Lloyd’s of London’s recent consolidation of its bylaws will make the rules governing its market more accessible, providing immediate results as well as the necessarily flexible framework to address the future needs of its participants, say lawyers at Skadden.

  • How EU Prospectus Rule Changes May Boost Market Access

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    The European Union Listing Act’s forthcoming changes to EU prospectus requirements aim to reduce the regulatory burden for issuers of securities, facilitating more efficient transaction execution and reducing market risk, of particular relevance to small and midsize enterprises, say lawyers at Covington.

  • 4 Securities Trends For Pension Trustees To Watch In 2026

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    With the U.K. signaling it will soon demand more active fiduciary stewardship from pension trustees, British and EU fund managers must follow key trends in mass securities litigation, investment disclosures, and U.S. enforcement that could require intervening for their investors in 2026, say lawyers at Labaton Keller.

  • Exploring The Rise In European Private Credit Loan Portability

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    The increasing use of portability mechanics in loan documentation can make sales processes more attractive to buyers and brings cost savings to sellers, but there are concerns over the portability's impact on competition and differences in sponsors’ goals, say lawyers at King & Spalding.

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