The Financial Conduct Authority (FCA) has considerable powers under the Financial Services and Markets Act (FSMA) 2000, in terms of applying the regulations as well as ensuring the prevention of financial crime. The Act is the main piece of legislation dealing with the regulation of the UK financial sector. The role of the FCA in the policy and practice of financial regulation is in effect twofold, in the sense that it can act as both the regulator and as the prosecutor where financial services are concerned.
As a regulatory body, the FCA is responsible for the regulation of financial services such as mortgage advice, insurance, banking, investments and securities, all of which must be authorised in order to be legally effective. It is also an offence according to the 2002 Act to engage in the promotion of unauthorised investments, although there are a few exceptions.
The Act also serves to regulate the activities of those engaged in the provision of financial services, and a breach may lead to a civil action, criminal prosecution, or both. S.118 defines what constitutes ‘market abuse’, including insider dealing.
The financial regulations as set down by the Financial Services and Markets Act (FSMA) 2000 are complex and will be strictly applied by the FCA. For individuals and companies providing financial services to clients, it is therefore important to fully understand these regulations in order to ensure that your legal obligations are always fully met. If something does go wrong, it will be essential to take swift and appropriate action, based on sound and reliable legal advice. Whatever your requirements, the specialist solicitors at Stirling Ackroyd Legal can help you.
Our services in relation to financial regulations include:
- Providing advice on financial regulations and the substance and nature of regulated activity
- Providing advice on the nature of financial promotion
- Providing clear and specific advice on market abuse, and any relevant defences
- Providing legal advice and representation to clients under investigation for alleged offences
- Providing legal advice and representation to clients who are facing criminal prosecution
- Providing legal advice and representation to clients who are facing proceeding before the High Court, including applications for injunction relief
Stirling Ackroyd Legal is a leading London law firm offering a wide range of legal services.
We can therefore provide a full service and deal with any other matters that may arise, for example issues related to civil litigation. Our service is cost-effective and tailored to meet your needs. For more information, please contact us without obligation, and we will be very happy to help.
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A new trajectory for the country is in the works. In the days that followed Boris Johnson’s victory of the prime minister’s office, a series of controversial events took place: the greatest being a complete reshuffle of the Cabinet.
Brexit has been at the forefront of all political debate for quite a while now. Yet, three years after the referendum, much is still uncertain. One of the nation’s biggest worries is how it will affect the property market?
Recent political discourse surrounding Brexit has led to a resurgence of the same anxieties faced by the people of England in 1649. Except, in 1649, the King was executed, and the country was in the midst of a bloody Civil War.
It may come as a surprise to know that in the UK, 71% of divorcees do not discuss pensions. Given that retirement plans are usually the greatest asset in marriage, this is often very damaging and rather nonsensical. It is therefore important couples have a good understanding of how their marital assets will be affected during a divorce. In this series, we look at pensions and divorce
Brexit, as it stands today, is undecided, uncertain and erratic. It has divided both Parliament and Party and left many feeling unsure over the fate of Britain once we leave the EU.
Contenders Boris Johnson and Jeremy Hunt went head-to-head at ITV studios in the first televised debate since the 10 candidates were whittled down to the final two.
The Government’s latest reforms to family law have focused on ending the blame game in divorce; or in other words, ending the no fault divorce.
Previously, couples were obliged to list the reason for the marriage breaking down such as adultery, unreasonable behaviour or desertion. Under the previous system, couples needed to prove they have been separated for 2 years, or 5 years if one partner did not agree to the divorce.
Two candidates remain: Boris Johnson and Jeremy Hunt. The two are now embarking on the most exciting stage of any Party leadership race: Hustings.
Finally, UK politics is concerning itself with areas other than Brexit. For the many people who deliberately avoided reading the latest political news, you will be pleased to discover a new fixation: The Conservative Leadership Race.
Roman periods: In the Ancient Roman period, Aldgate spanned the road to Colchester, Essex. Thus, the area was very busy as was directly connected to the oldest town recorded in England. 11th-19th century:
Over the past couple of months, Britain’s biggest mortgage lender, Halifax, has said that annual house prices have dropped, and the market is at its weakest rate in the last four years.
A Trust is a legal agreement between three parties. This agreement is a way of managing your assets. These could include things such as your finances, investments, land or property purchases.
Here at Stirling Ackroyd Legal we understand that Inheritance tax (IHT) may be an uncomfortable subject.
At present, there are three occasions upon which IHT may be charged:
It is becoming more common for people to issue and deal with their own divorces. The process can involve obtaining the relevant forms from the internet such as from government websites and completing the forms themselves.
1. Be open, honest and frank with your solicitor.
Your solicitor will be able to advise you adequately from the outset if you are forthcoming with information however sensitive that information may be.
1. Preparation for the first meeting.
If possible, go along to the first meeting with your solicitor with a list of the matrimonial assets and liabilities that you are aware of which will help to streamline the first meeting. Raise any concerns you have with your solicitor and attend with a list of questions to ask which will help to focus the meeting.
Amicable divorces or ‘peaceful divorces’ are the majority of the time, seen as a bit of a myth. Many losses are experienced towards the end of a relationship, loss of home, security, finance, comfort, intimacy which can cause hostility and upset during the divorce process.