Financial Services Regulatory Actions and Disputes
|
|
- Regina Taylor
- 5 years ago
- Views:
Transcription
1 Financial Services Regulatory Actions and Disputes Our team of specialist regulatory and contentious lawyers advises retail and wholesale financial services firms on managing, resolving and avoiding regulatory action and disputes. We combine in-depth knowledge and understanding of regulated businesses and the relevant regulatory requirements and processes and have significant experience of handling both FSA/FCA and high court proceedings. We understand the regulatory context in which our clients operate and recognise the importance of finding commercial solutions. We have also handled Lloyd s, Jersey Financial Services Commission, Guernsey Financial Services Commission, Bundesanstalt für Finanzdienstleistungsaufsicht, Autorité des Marches Financières, and Commissione Nazionale per Le Società e la Borsa investigations. We advise clients in matters ranging from regulatory enforcement actions, investigations and formal disciplinary cases, through to Ombudsman cases, commercial disputes and large-scale litigation. So not only do we have an excellent understanding of how to deal with a regulator, we also know exactly what FCA (and other regulators) are looking for from firms in a wide range of contentious circumstances. The contentious regulatory team is part of our firm s overall dispute resolution practice, one of the largest across Europe, comprising 42 partners and 206 associates. Our contentious financial institutions lawyers in the UK comprise 36 partners and 124 associates handling matters across the banking, insurance, securities and investment businesses sectors. FSA/FCA regulatory action We have represented firms in over 250 regulatory investigations and enforcement proceedings brought by FSA and its predecessors and, since 1 April 2013, its successor conduct regulator FCA. We also frequently advise firms on dealing with skilled person reports and in preparing for thematic and supervisory visits. At any time we are usually handling between six and a dozen FSA/FCA matters. This experience has given us an excellent understanding of how to deal with the regulator in a wide range of contentious circumstances. We advise clients through the entire investigation and enforcement process, taking every step to protect their position and to achieve an optimal outcome. In the initial stages we can assist clients in disclosing the issue to FCA and in working with FCA to avoid a formal referral to enforcement. If a firm is referred to enforcement, we manage FCA document requests, prepare and accompany staff to FCA interviews and draft responses to FCA communications. We also help to identify and limit the scope of any remedial action. On many occasions we have succeeded in satisfying the regulator that no formal disciplinary action, or either no or only limited redress, is required. When the regulator does proceed to discipline, we seek to maximise damage limitation by reducing the scope of the action, negotiating the content of any public notice and helping the firm to deal with subsequent publicity. Where the regulator does not pursue a public outcome and is minded to proceed by private warning, which will form an important part of compliance history, we assist in negotiating, and in seeking to agree the terms of any private warning that is to be imposed. Our experience includes: Wholesale - Acting for the leading fund manager and the leading broker during FSA s investigations into split capital investment trusts. This was FSA s largest ever investigation and we were instrumental in reaching a settlement with no regulatory findings being made or enforcement action being taken against our clients. We also led on the
2 settlement of the separate Jersey and Guernsey regulators investigations against a group of split-capital brokers and managers. - Advising on over a dozen market abuse and insider dealing investigations in relation to fixed income, equity and derivatives trading, managing and research, in each case achieving a successful outcome for the firm. - Acting on two major collapses of hedge funds managed out of London, seeking to limit FSA s recourse against the individual managers. - Acting for an investment manager in relation to FSA s objections to a change of control application including appearing before the Regulatory Decisions Committee. - Acting for two fund managers in an FSA investigation into market timing. We were able to satisfy FSA that the firms management had acted appropriately and that no redress was needed beyond a modest ex-gratia payment into the funds without publicity or enforcement action. - Advising a number of firms on transaction reporting issues and assisting them in dealing with FSA and TMU and avoiding any regulatory action - Successfully representing a major institution before the Regulatory Decisions Committee on FSA s refusal to grant individual approval to two senior directors. - Representing institutions and senior management during FSA investigations into governance structure, fraud controls and derivatives trading, assisting the firm to limit the scope of the investigation and any consequent remedial or enforcement action and, when appropriate, assisting the firm to satisfy FSA with its own report into the issue. Retail - Assisting two well-known financial institutions to notify major problems to FSA a significant systems error and systemic mortgage fraud in such a way that the firms were left to resolve the matter themselves and were neither investigated nor referred to enforcement. - Acting for a financial institution in FSA s first major investigation into a failure to maintain adequate controls against financial crime. - Advising a major card issuer in FSA disciplinary proceedings. FSA described the firm s approach to the enforcement action as a model for how firms should behave. - Acting for a well-known UK financial service provider in relation to an investigation into its sales of mortgages and mortgage repayment vehicles conducted by the FSA including preparing it for a hearing before the Regulatory Decisions Committee. - Advising a life insurer on an FSA investigation into the governance surrounding the management of its with profit fund. - Advising a UK IFA network in relation to enforcement action commenced on the basis of that a lack of proper governance and systems and controls have led to potential retail mis-sales. - Acting for a firm in relation to enforcement action arising out of the sale of Lehman backed structured products and the associated past business review. - Representing a major firm in an investigation concerning the treatment of client money and assets. - Acting for a mortgage lender in relation to an enforcement action arising out of its mortgage arrears handling processes. - Advising a mortgage firm on a past business review and on dealing with FSA as a result of which the firm was able to avoid any regulatory intervention. - Advising a general insurer on a wide ranging skilled person report and FSA investigation into its sales governance, T&C, complaints and claims handling. - Acting for a non-executive director in connection with a Lloyd s investigation relating to reserving practices. - Advising a Lloyd s coverholder on its position where Lloyd s was minded to revoke its coverholder status because of concerns as to the conduct of one of its senior management. 2
3 Financial Ombudsman Service The Ombudsman is now in many ways a proxy regulator. The way in which it resolves a single complaint may, under the lead case procedure, dictate how a firm must treat a large number of similar complaints. FSA/FCA s rules on treating complainants fairly can require a firm to implement a FOS decision across a substantial book of business. Our experience and knowledge has allowed us to present the client s position clearly and succinctly, put forward all the relevant information, get on top of the facts and issues, and provide advice to the clients about the wider tactical issues to which these complaints increasingly give rise as well as the available procedures under the FOS process. Our FOS experience includes: - Acting on the industry-lead case on mortgage endowment limitation where we persuaded the Ombudsman to overturn a highly damaging provisional determination of the date of receipt issue. - Acting on over ten further endowment lead cases, dealing with issues ranging from gone aways and market value adjusters to surrenders and not in force. - Assisting clients in successfully invoking the wider implications procedure so that FSA instructed FOS that certain actions taken by firms in relation to de-risking life funds, or altering their equity-backing ratios, were reasonable. - Overturning an Ombudsman decision in the High Court, so confirming a key limit to the Ombudsman s powers of compensation. - Acting for a number of general insurers in challenging complaints made to FOS by parties seeking benefits under their policies, in circumstances where FOS jurisdiction was in question because of the nature of the complainants rights or class of insurance. - Successfully challenging an Ombudsman final decision through an application for judicial review where FOS had failed to establish causation. Managing and resolving disputes We have extensive experience handling claims involving financial institutions, from cases that involve complex and structured products, to breach of mandate claims, mis-selling, negligence, misrepresentation and large-scale fraud. Clients benefit in particular from our understanding of how regulations impact the businesses and their products, and also on FCA s expectations particularly in relation to treating customers fairly for the way in which the matter is resolved. Our dispute lawyers specialise in sectors to service the specific needs of the banking, insurance and investment business sectors, and work closely with each other and our financial services regulatory team, to resource each matter with appropriate specialist expertise. This allows us to achieve a high level of understanding of our clients businesses and the regulatory issues that affect them. Our financial sector experience includes: - Acting for a leading fund manager in defending a professional negligence action arising out of the flotation and subsequent management of an investment trust. The case involved important issues regarding the disclosure of FSA investigation documents to civil claimants that were considered by the Court of Appeal. - Acting for a major UK financial services product provider in defending High Court proceedings brought by the Financial Services Compensation Scheme arising out of alleged negligence, breach of statutory duty and misrepresentation in relation to the promotion of certain investment products and in particular the client s marketing material. - Successfully negotiating settlement between two retail banks concerning a multi-million pound dispute over the handling of customers mortgage endowment complaints consequent on the sale of a business between them. - Acting for a UK credit card issuer in relation to declaratory proceedings before the House of Lords on the interpretation of Section 75 of the Consumer Credit Act Advising on the first criminal prosecution of directors under section 397 Financial Services & Markets Act. - Acting in a multi-million pound dispute concerning liability for payments under mortgage indemnity guarantee policies, including consideration of lending policies and adherence to lending criteria and actions against mortgage administrators in respect of failures under an administration deed. - Advising in relation to claims post the financial crisis involving parties including Madoff, Stanford, Fannie Mae and Freddie Mac, and in respect of Lehmans backed investments. 3
4 - Acting for a large US bank in a multi-party international trade finance fraud, which involved court proceedings in London, New York, and Bahrain, and a massive electronic disclosure search in several locations. Mediations were conducted on both disputes, which were eventually settled on advantageous terms. - Acting for a major UK IFA in proceedings brought by the Financial Services Compensation Scheme following the insolvency of a major product provider. - Acting for an online forex, share and CFD market maker in resisting investor claims involving allegations of breach of contract, negligence and misrepresentation. - Acting for a bank in providing crisis management following the discovery of a serious internal fraud, and in relation to a number of claims which were made against it, or which it pursued for recoveries, arising from that fraud. - Advising a hedge fund on potential claims against a major Swiss bank in relation to the bank s alleged misrepresentations concerning the pricing of various CDOs. The claim was successfully settled. - Advising on a multi-million dollar potential claim against an IFA arising from the receipt of secret commissions, including advice on cross-border issues concerning Russia and the Czech Republic. Risk management We work with a number of clients in identifying and managing risk within their businesses, which includes how to avoid disputes or regulatory action. This can involve reviewing or auditing certain parts or elements of a client s business, as well as providing bespoke training to meet specific needs. By way of example, we have conducted pre-arrow, fraud, conflict and market abuse control reviews and have carried out briefings and regularly provide training on a number of risk areas including: - Governance - Senior management responsibility including preparation for SIF interviews - Approved persons regime - Preparation for FSA supervisory and thematic visits - Board effectiveness - Treating Customers Fairly (TCF) - Complaints handling and dealing with the Financial Services Ombudsman - Market abuse - Staying out of enforcement and defending enforcement proceedings - Reducing the cost of disputes - Reputation management, including dealing with privacy, breach of confidence, defamation, malicious falsehood, and press and broadcast issues. Value-added services We believe that the value of appointing a law firm with cross-sectoral capabilities is that it gives you access to the marketleading added-value services that we offer our clients, to ensure that we support their businesses. Seminar programme We run a frequent series of seminars on FS regulatory issues. Recent seminars have included the new regulatory regime, corporate governance, handling a regulatory crisis, skilled person investigations and complaints handling and dealing with FOS. We also offer training sessions throughout the year on all key legal and practical issues for our clients and contacts to attend. These events are free. We are also happy to put together bespoke seminar and training packages for our key clients allowing us to tailor issues to your particular needs and to give you the opportunity to address skills gaps within your business. 4
5 Information services As well as seminars and training we can provide our clients with access to our firm s comprehensive legal library ( the Exchange ) and dedicated information service, staffed by qualified information professionals giving you access to the knowledge resources of a major international law firm, thus offering potential savings in overheads. Our award-winning free alert and online information service called Law-Now is able to deliver quick updates on the relevant legal issues that are affecting your business. We have over 28,000 subscribers. The service allows you to choose the topic areas and jurisdictions you are interested in from over 70 categories. s are written in plain English and use the minimum of technical jargon, with a strong emphasis on the practical. There is also a fully searchable archive of over 3,000 articles, guides and cases. RegZone The CMS Cameron McKenna Financial Services team recently launched its new Regulatory Zone (RegZone); this is a free to view online resource for CMS clients providing a wealth of materials to help financial institutions deal with the fastchanging world of regulation in the UK and Europe. We also offer clients a monthly RegZone Online Newsletter containing all new and updated materials on the site and comprehensive news coverage from our monitoring reports. We would be happy to provide you with a comprehensive list of all our other added-value services and hard-copy publications. Contacts Simon Morris Partner, Financial Services T: +44 (0) E: simon.morris@cms-cmck.com Maxine Cupitt Partner, Financial Services (Insurance) T: +44 (0) E: maxine.cupitt@cms-cmck.com Alison McHaffie Partner, Financial Services (Investigations) T +44 (0) E alison.mchaffie@cms-cmck.com 5
RegZone. Financial Services. Regulatory Actions and Disputes
RegZone www.law-now.com/regzone Financial Services Regulatory Actions and Disputes November 2011 Financial Services Regulatory Actions and Disputes Our team of specialist regulatory and contentious lawyers
More informationProfessional and Financial Risks
Professional and Financial Risks Our specialists in professional indemnity and financial lines insurances bring with them a thorough understanding of the challenges presented by claims made against professional
More informationslaughter and may Detail from Sea Hook by Trevor Bell Dispute Resolution
slaughter and may Detail from Sea Hook by Trevor Bell Dispute Resolution Dispute Resolution This team has an outstanding international reputation for commercial litigation, acting for a broad spectrum
More informationCameron Scott Essex Street London WC2R 3AA Profile
Profile Cameron brings over 20 years' of experience as a solicitor and 9 years as a solicitor-advocate to the Bar. His range and depth of experience enables him to advise and represent professional services
More informationFocus Underwriting. Policy Summary Commercial Legal Expenses Insurance A PARTNER YOU CAN TRUST
Focus Underwriting Policy Summary Commercial Legal Expenses Insurance A PARTNER YOU CAN TRUST The purpose of this Policy Summary is to help You understand the insurance by setting out the significant features,
More information020 3735 8070 pcurrie@forumchambers.com020 ORUM C H A M B E R S PHIL CURRIE YEAR OF CALL 2009 PRACTICE OVERVIEW Philip is a commercial barrister with particular expertise in insolvency, banking, property
More informationWhy you need Essential Business Legal Solutions
Why you need Essential Business Legal Solutions Whatever the economic climate it s always a challenge running a business, from keeping up with the latest employment and Health & Safety legislation, to
More informationBusiness Legal Guard Policy Summary
Business Legal Guard Policy Summary This is a summary of the cover available under the Ageas Business Legal Guard insurance policy. It does not include all the policy beneits, limits and exclusions. Full
More informationEmployee Misconduct: A Practical Approach to Conducting Internal Investigations with Criminal and Regulatory Aspects
Employee Misconduct: A Practical Approach to Conducting Internal Investigations with Criminal and Regulatory Aspects An investigation into employee misconduct is invariably a delicate process and one typically
More informationTouchstone Underwriting Policy Summary Commercial Legal Expenses Insurance
Touchstone Underwriting Policy Summary Commercial Legal Expenses Insurance The purpose of this Policy Summary is to help you understand the insurance by setting out the significant features, benefits,
More informationTHE OFFSHORE ANGLE: AN EXPERT S PERSPECTIVE
MARCH 2018 THE OFFSHORE ANGLE: AN EXPERT S PERSPECTIVE In this edition of Vannin Capital s In Conversation Series, London Managing Director, Rosemary Ioannou discusses the development of third party funding
More informationEmployment Practices Liability Insurance
PROPOSAL FORM Employment Practices Liability Insurance Important tice This proposal must be completed in ink, signed and dated. All questions must be answered to enable a quotation to be given. If space
More informationIndustry guidance on arrears and possessions to help lenders comply with MCOB 13 and TCF principles. October 2008
COUNCIL of MORTGAGE LENDERS NORTH WEST WING, BUSH HOUSE, ALDWYCH, LONDON WC2B 4PJ tel: 0845 373 6771 fax: 0845 373 6778 website: www.cml.org.uk Industry guidance on arrears and possessions to help lenders
More informationDirectors And Officers Liability Reimbursement Insurance Fund
Directors And Officers Liability Reimbursement Insurance Fund Schedule Policy No: Fund: Address: Period of Insurance: From: To: (both dates inclusive) Limit of Indemnity: Retentions: Premium: i) Claims
More informationManagement liability choice summary of cover
Management liability choice summary of cover January 2018 Why choose AXA s Management liability choice for companies insurance Management Liability Choice insurance is available to any UK registered private
More informationPension trustee liability
Pension trustee liability Pensions have become the topic of debate in most executive boardrooms, with pension issues increasingly influencing corporate activity. Pension trustee liability Why do clients
More informationCommercial legal expenses. Summary of Cover AXA Business Insurance
Commercial legal expenses Summary of Cover AXA Business Insurance Summary of cover About this document Some important facts about your Commercial Legal Expenses insurance policy are summarised below. This
More informationClient & Fee Agreement
162 High Street Tonbridge, Kent TN9 1BB Tel: 01732 240000 info@basefinancial.co.uk Client & Fee Agreement Section 1 - Who is Base Financial? Base Financial Limited provide bespoke and holistic advice to
More informationTouchstone Underwriting POLICY SUMMARY Commercial Legal Expenses Insurance
Touchstone Underwriting POLICY SUMMARY Commercial Legal Expenses Insurance The purpose of this Policy Summary is to help you understand the insurance by setting out the significant features, benefits,
More informationMedia Protector for Publishers Proposal Form
Media Protector for Publishers Proposal Form Important Notice 1. This is a proposal for a contract of insurance, in which 'proposer' or 'you/your' means the individual, company, partnership, limited liability
More informationTemple Legal Protection Product Guide. Litigation Insurance and Disbursement Funding for Commercial Litigation
Litigation Insurance and Disbursement Funding for Commercial Litigation Temple Legal Protection Product Guide How they work, our service offering and the benefits of partnering with us 01483 577877 www.temple-legal.co.uk
More informationLegal Business. Arbitration As A Method Of Dispute Resolution
Memoranda on legal and business issues and concerns for multiple industry and business communities Arbitration As A Method Of Dispute Resolution 1 Rajah & Tann 4 Battery Road #26-01 Bank of China Building
More informationFINAL NOTICE. The Co-operative Bank plc. FSA Reference Number: Address: Date: 4 January ACTION
FINAL NOTICE To: The Co-operative Bank plc FSA Reference Number: 121885 Address: 13 th Floor, Miller Street, Manchester, M60 0AL Date: 4 January 2013 1. ACTION 1.1. For the reasons given in this Notice,
More informationThe County Insurance SME POLICY SUMMARY Commercial Legal Expenses Insurance
The County Insurance SME POLICY SUMMARY Commercial Legal Expenses Insurance The purpose of this Policy Summary is to help you understand the insurance by setting out the significant features, benefits,
More informationLitigation & Dispute Resolution
Disputes arise from sources ranging from internal matters, such as employee or whistleblower claims, to external matters, such as contract disputes, government investigations or protecting intellectual
More informationMatrix Underwriting Management POLICY SUMMARY Commercial Legal Expenses Insurance
Matrix Underwriting Management POLICY SUMMARY Commercial Legal Expenses Insurance The purpose of this Policy Summary is to help you understand the insurance by setting out the significant features, benefits,
More informationFINAL NOTICE. To: Redstone Mortgages Limited Of: 2 Royal Exchange Buildings, London EC3V 3LF Date: 12 July 2010
Financial Services Authority FINAL NOTICE To: Redstone Mortgages Limited Of: 2 Royal Exchange Buildings, London EC3V 3LF Date: 12 July 2010 TAKE NOTICE: The Financial Services Authority of 25 The North
More informationConditional Fee Agreement Explanation Leaflet. What you need to know about the CFA
Conditional Fee Agreement Explanation Leaflet. What you need to know about the CFA 1) Explanation of words used (a) Appeal - Any action taken to challenge a final or interim decision of the court (b) Applicable
More informationPAINTING AND DECORATING ASSOCIATION POLICY SUMMARY Commercial Legal Expenses Insurance
PAINTING AND DECORATING ASSOCIATION POLICY SUMMARY Commercial Legal Expenses Insurance The purpose of this Policy Summary is to help members of the Painting and Decorating Association understand the insurance
More informationPolicy Terms & Conditions. Legal Expenses s - Property Disputes
Policy Terms & Conditions Legal Expenses s - Property Disputes Legal Expenses Property Disputes This Insurance provides legal expenses for property owners and is available as an additional cover; your
More informationASSOCIATION OF PERSONAL INJURY LAWYERS Standard of competence for Litigators
ASSOCIATION OF PERSONAL INJURY LAWYERS Standard of competence for Litigators INTRODUCTION Standards of occupational competence Standards of occupational competence are widely used in many fields of employment.
More informationBeazley Financial Institutions
Market leading protection tailored for financial institutions, providing seamless cover from crime and professional indemnity to directors & officers and data breach. 0 1 0 0 1 1 0 0 0 1 1 0 Beazley Financial
More informationADDLESHAW GODDARD. Finance Litigation and Investigations
2017 ADDLESHAW GODDARD Finance Litigation and Investigations They are very capable and on top of things, with a team that is good to work with. They have a good relationship with their clients, and are
More informationOur service terms Commercial Terms of Business Version: April 2018 v2
Our service terms Commercial Terms of Business Version: April 2018 v2 Important Information and Commercial Terms of Business Contents IMPORTANT INFORMATION AND TERMS OF BUSINESS... 3 1 What this document
More informationFor more information, please contact Branko Bjelobaba at Branko Ltd on (0800) or
A digestible aid to compliance The Branko Ltd FCA DIY Compliance Manual has developed into an industry standard since it was first produced in 2004 (and we continue to exclusively publish the BIBA version).
More informationBlake Morgan. Employment Tribunal Fees Guide. For Businesses
Blake Morgan Employment Tribunal Fees Guide For Businesses For businesses Blake Morgan is a large, nationally recognised law firm with Top Tier legal directory rankings for its Employment law teams across
More informationMortgage Broker Checklist. Not all Mortgage Brokers are equal! Make sure to ask your Mortgage Broker these questions:
Checklist Not all Mortgage s are equal! Make sure to ask your Mortgage these questions: Question #1 Does your company have an n Credit Licence? An n Credit Licence (ACL) with the proper authorisations
More informationCommercial legal expenses insurance
Commercial legal expenses insurance British Association of Dental Nurses Policy Summary A Partner You Can Trust The purpose of this Policy Summary is to help you understand the insurance by setting out
More informationMortgage & Finance Brokers Addendum
Mortgage & Finance Brokers Addendum IMPORTANT INFORMATION: PLEASE READ THE FOLLOWING INFORMATION BEFORE COMPLETING THIS ADDENDUM Obtaining a Quotation To minimise delays in obtaining a quotation please
More informationMotorhome legal expenses policy
Motorhome legal expenses policy Helplines Motor legal expenses provides: 24/7 legal advice Insurance for legal costs for certain types of disputes Helpline services Legal helpline You can use the helpline
More informationLack of Permission to Construct a Vehicle Crossing or Dropped Kerb
Lack of Permission to Construct a Vehicle Crossing or Dropped Kerb Schedule Policy Number: SAMPLE 0001 Insurer ERGO Versicherung AG, UK Branch ERGO Versicherung AG is a German insurance company with its
More informationProblems with the Tesco value range
Problems with the Tesco value range 12 April 2017 On 28 March 2017, the UK Financial Conduct Authority ( FCA ) and the Serious Fraud Office ( SFO ) announced the imposition of sanctions on Tesco plc and
More informationProspectus Liability Insurance
Schedule Policy No: Issuing Company: Address: Period of Insurance: From: To: (both dates inclusive) Limit of Indemnity: Retentions for Insurance Clause: 1 a) 1 b) 1 c) 1 d) Premium: Underwriting Agreement:
More informationConsultation response
Consultation response SRA: Regulation of consumer credit activities Overview 1. Regulation of consumer credit activities is specialised and complex. Credit activities (and in particular debt collection)
More informationMr and Mrs Sample and future owners or occupants of the Property and Your/their mortgage lender(s)
Build Over Sewer Schedule Policy Number: SAMPLE 0001 Insurer ERGO Versicherung AG, UK Branch ERGO Versicherung AG is a German insurance company with its headquarters at Victoriaplatz 2, 40477 Düsseldorf.
More informationMORTGAGE ENDOWMENT POLICY REVIEWS GUIDANCE FOR INSURERS COMPLYING WITH THE ABI CODE OF PRACTICE
MORTGAGE ENDOWMENT POLICY REVIEWS GUIDANCE FOR INSURERS COMPLYING WITH THE ABI CODE OF PRACTICE April 2011 Introduction The aim of this guidance is to support companies in complying with the Mortgage Endowment
More informationAfter FSA the new regulatory landscape
After FSA the new regulatory landscape Simon Morris Partner - CMS Cameron McKenna LLP 15 th April 2011 What is proposed? Financial Policy Committee create the focus for macro-prudential regulation that
More informationMr and Mrs Sample and future owners or occupants of the Property and Your/their mortgage lender(s)
Insolvency Act (Previous Transaction) Schedule Policy Number: SAMPLE 0001 Insurer ERGO Versicherung AG, UK Branch ERGO Versicherung AG is a German insurance company with its headquarters at Victoriaplatz
More informationClaim Event outside our control Fee Financial award Lender FSCS FOS Letter of authority Instruction Services
THE FAIR TRADE PRACTICE CLAIMS SPECIALIST PPI TERMS AND CONDITIONS Here at the Fair Trade Practice we are committed to providing an excellent service to those who have been mis-sold payment protection
More informationProfessional Indemnity Insurance for Surveyors (and related professions) Proposal Form
Professional Indemnity Insurance for Surveyors (and related professions) Proposal Form Important Notice 1. This is a proposal for a contract of insurance. You have a legal duty to provide a fair presentation
More informationPAUL LEWIS CALL: 2007 PRACTICE AREAS PROPERTY & ESTATES INHERITANCE, WILLS & ESTATES. Chambers UK
PAUL LEWIS CALL: 2007 "Charming and sensible." "Sources praise his excellent grasp of the important issues and the practical nature of his advice." Chambers UK Email: paul.lewis@guildhallchambers.co.uk
More informationCommercial legal expenses insurance
Commercial legal expenses insurance Policy Summary Painting and Decorating Association A Partner You Can Trust The purpose of this Policy Summary is to help you understand the insurance by setting out
More informationAPPOINTED REPRESENTATIVE
APPOINTED REPRESENTATIVE Application Form Page 1 To allow Gauntlet to assess your eligibility for a role with us, and to establish that you are financially solvent, please complete this application form
More informationOur service terms Consumer Terms of Business Version: July 2018 v3
Our service terms Consumer Terms of Business Version: July 2018 v3 Important Information and Consumer Terms of Business Contents IMPORTANT INFORMATION AND TERMS OF BUSINESS... 3 1 What this document is
More informationFUND PROTECT INNOVATION IN THE PROTECTION OF FUND DIRECTORS PERSONAL LIABILITY
FUND PROTECT INNOVATION IN THE PROTECTION OF FUND DIRECTORS PERSONAL LIABILITY FUND PROTECT INNOVATION IN THE PROTECTION OF FUND DIRECTORS PERSONAL LIABILITY Fund Protect Key Benefits Premium Market appraisal
More informationREPRESENTATION OF BROKERAGE FIRMS IN FINRA CUSTOMER & INDUSTRY DISPUTES
REPRESENTATION OF BROKERAGE FIRMS IN FINRA CUSTOMER & INDUSTRY DISPUTES When faced with FINRA CUSTOMER OR INDUSTRY ARBITRATION ACTIONS, brokerage firms first and foremost need a law firm that can help
More informationFinancial Regulation Weekly Bulletin
Financial Regulation Weekly Bulletin 17 August 2017 / Issue 924 Major UK and European regulatory developments of interest to banks, insurers and reinsurers, asset managers and other market participants
More informationBlake Morgan. Employment Tribunal Fees Guide. For Individuals
Blake Morgan Employment Tribunal Fees Guide For Individuals For members of the public: Blake Morgan is a large, nationally recognised law firm with Top Tier legal directory rankings for its Employment
More informationEmployment Practices Liability Insurance Proposal Form
Employment Practices Liability Insurance Proposal Form Important Notice 1. This is a proposal for a contract of insurance. You have a legal duty to provide a fair presentation of the risk. Failure to do
More informationThe next chapter: life after settlement
ARTICLE SEPTEMBER 2015 In this article, Tim Blanchard and Mohan Rao examine some of the problems and ensuing challenges facing corporates following settlement with only a sub-set of regulators. INTRODUCTION
More informationSolicitors Professional Indemnity Insurance Proposal Form 2017
Solicitors Professional Indemnity Insurance Proposal Form 2017 1. Name and Address of Firm Practice name (include all names under which you practice and to be insured). Solicitors Regulation Authority
More informationDirect line: Local fax:
Direct line: 0207 066 3100 Local fax: 0207 066 3101 Email: martin.wheatley@fca.org.uk Financial Conduct Authority 25 The North Colonnade Canary Wharf London E14 5HS Andrew Tyrie MP Chairman of the Treasury
More informationCommercial Legal Expenses Insurance Policy Summary
Commercial Legal Expenses Insurance Policy Summary Introduction Some important facts about your insurance are summarised below. This summary does not describe all the terms and conditions of your policy,
More informationDon McGarvey, Q.C., Partner. McLennan Ross LLP - Edmonton Office 600 McLennan Ross Building, Stony Plain Road Edmonton, Alberta T5N 3Y4 Canada
Don McGarvey, Q.C., Partner McLennan Ross LLP - Edmonton Office 600 McLennan Ross Building, 12220 Stony Plain Road Edmonton, Alberta T5N 3Y4 Canada Phone: 780.482.9241 Fax: 780.482.9100 Email: dmcgarvey@mross.com
More informationReport by the Local Government and Social Care Ombudsman
Report by the Local Government and Social Care Ombudsman Investigation into a complaint against South Tyneside Metropolitan Borough Council (reference number: 16 005 776) 13 February 2018 Local Government
More informationMortgages and Loans Privacy policy
Mortgages and Loans Privacy policy Effective from May 2018 2 Contents 1. Our privacy policy 3 2. About us 3 3. What personal data do we use? 3 4. What do we use personal data for? 3 5. What are our legal
More informationLiability claims Customer proposition. standards
Liability claims Customer proposition standards Our proposition AXA Liability is a team of experienced confident people with a high degree of technical knowledge and expertise. Our team is undoubtedly
More informationJust a few good reasons why
Admiralty Solicitors Group LONDON ARBITRATION Just a few good reasons why 1. Familiarity within the international maritime community 2. Certainty and commerciality 3. Confidentiality 4. Enforcement of
More informationINJURY SERVICES PERSONAL
PERSONAL INJURY SERVICES Nestor is a leading UK niche firm specialising in providing independent financial advice and services to personal injury and clinical negligence practitioners and their clients.
More informationContents. New York. London. Abu Dhabi. Manchester. Dubai. Outer Temple Chambers The Outer Temple 222 Strand London WC2R 1BA
Barrister Profiles Michael Bowes QC Contents Michael Bowes QC... 1 Business Crime... 2 Commercial & Chancery... 3 Financial Services... 4 Appointments & Memberships... 5 Recommendations... 6 Testimonials...
More information1. Introduction. 3. Service Levels
If you would like a hard copy of our Terms and Conditions of Business or would like a hard copy in a larger font size please contact our administration team on 020 3150 2525. 1. Introduction 1.1 This document,
More informationFCA Consultation Paper on IDD implementation (CP17/7) (2)
FCA Consultation Paper on IDD implementation (CP17/7) (2) Background and RegZone reports RegZone is publishing a series of reports about UK changes to the definition of financial advice and UK implementation
More informationSnapshot Own Motion Inquiry Investigation of Claims and Outsourced Services
2014 General Insurance Code of Practice Snapshot Own Motion Inquiry Investigation of Claims and Outsourced Services 1 May 2017 Page 1 of 16 Chair s message I am proud to present the Code Governance Committee
More informationV0215 Copyright Comply
An Introduction to Financial Conduct Authority (FCA) Regulation V0215 FCA Regulation Module Objectives Welcome to the training module for an introduction to the Financial Conduct Authority Regulation for
More informationINSURANCE COVERAGE ISSUES AFFECTING THE FINANCIAL SERVICES INDUSTRY
Insurance/ Reinsurance March 2012 INSURANCE COVERAGE ISSUES AFFECTING THE FINANCIAL SERVICES INDUSTRY This article first appeared in the March 2012 issue of British Insurance Law Association (BILA) Journal
More informationKey Liabilities facing clubs Overview of Liability cover included in BASC membership DIRECTORS & OFFICERS LIABILITY BASC
Key Liabilities facing clubs Overview of Liability cover included in BASC membership DIRECTORS & OFFICERS LIABILITY BASC 16TH MARCH 2013 Carole Martin Vice President - Finpro National Agenda General Liability
More informationFinal report by the Complaints Commissioner dated 2nd January 2018 Complaint number FCA00269
Final report by the Complaints Commissioner dated 2 nd January 2018 Complaint number FCA00269 The complaint 1. On 24 July 2017 you asked me to investigate a complaint about the Financial Conduct Authority
More informationU.K. Bribery Act Implications for Companies Doing Business in the United Kingdom. Wednesday, 28 July 2010
U.K. Bribery Act Implications for Companies Doing Business in the United Kingdom Wednesday, 28 July 2010 Presenters Bob Hirth is the Executive Vice President and Global Managing Director of Internal Audit
More informationLEGAL Terms and Conditions
LEGAL Terms and Conditions Legal Terms & Conditions With this policy, you enjoy the benefit of legal assistance through your insurer if and when you need it. In addition, you can gain a better understanding
More informationOPERATING GUIDELINES BETWEEN THE FINANCIAL CONDUCT AUTHORITY AND THE PANEL ON TAKEOVERS AND MERGERS ON MARKET MISCONDUCT
Agreed version: 8 July 2016 OPERATING GUIDELINES BETWEEN THE FINANCIAL CONDUCT AUTHORITY AND THE PANEL ON TAKEOVERS AND MERGERS ON MARKET MISCONDUCT A. Purpose, status and application of the guidelines
More informationMr and Mrs Sample and future owners or occupants of the Property and Your/their mortgage lender(s)
Restrictive Covenants (Known/Unknown) Schedule Policy Number: SAMPLE 0001 Insurer ERGO Versicherung AG, UK Branch ERGO Versicherung AG is a German insurance company with its headquarters at Victoriaplatz
More informationIntermediary Registration
Intermediary Registration Please complete this form in full and email back to us. Firm or Network Name Contact Email FCA Number Contact Name Name of Professional Indemnity Insurance Provider Professional
More informationCode for Underwriting Agents: UK Personal Lines Claims & Complaints Handling
Code for Underwriting Agents: UK Personal Lines Claims & Complaints Handling OCTOBER 2015 2 INTRODUCTION Lloyd s seeks to ensure that policyholders are treated fairly and can have confidence that their
More informationA PRACTICAL GUIDE TO ENFORCING THE MORTGAGEE S SECURITY PART 55 & THE PRE-ACTION PROTOCOL. Jacqueline Lean. Landmark Chambers
A PRACTICAL GUIDE TO ENFORCING THE MORTGAGEE S SECURITY PART 55 & THE PRE-ACTION PROTOCOL Jacqueline Lean Landmark Chambers Introduction 1. It is hardly news that the number of home possessions on grounds
More informationResearch and Analysis Profiling and Risk analysis of PI firms. Public
Research and Analysis Profiling and Risk analysis of PI firms Public Document information Current version details Current version number of report: V1.1 Lead analyst Mijanur Rashid Date completed by lead
More informationClaims Management Services Regulation. Conduct of Authorised Persons Rules 2013
Claims Management Services Regulation Conduct of Authorised Persons Rules 2013 Amended on 1 April 2013 Contents Introduction 1 Definitions 1 General Rules Principles 2 Conduct of Business 2 Professional
More informationOur Client Agreement and Statement of Services and Remuneration for Trustees
The Independent Life & Pensions Group Ltd 3 Adelaide House, Corbygate Business Park, Priors Haw Road, Corby, Northants, NN17 5JG Tel: 01536 443200 Email: hello@ilpg.co.uk Web: www.ilpg.co.uk Our Client
More informationPRIVATE WEALTH One of the UK s largest specialist teams
PRIVATE WEALTH One of the UK s largest specialist teams PRIVATE WEALTH Whether you require advice on UK or international tax and estate planning, trusts and trust administration, business affairs, family
More informationAPIL SCOTLAND STANDARD OF COMPETENCE FOR LITIGATORS ASSESSOR S REPORT SHEET
PROFILE AND STATUS APIL SCOTLAND STANDARD OF COMPETENCE FOR LITIGATORS ASSESSOR S REPORT SHEET Litigator is a personal accreditation status awarded by the Association of Personal Injury Lawyers to its
More informationSeeing the world from your perspective
Seeing the world from your perspective BIGGER PICTURE OFFSHORE LAW SPECIALISTS BRITISH VIRGIN ISLANDS CAYMAN ISLANDS GUERNSEY JERSEY CAPE TOWN HONG KONG LONDON SINGAPORE 1 / careyolsen.com Contents OUR
More informationPre Contract Guide - Payment Protection Insurance
Pre Contract Guide - Payment Protection Insurance It is important to us that you make the right decision. We therefore provide guidance about what we do, how we work and our fee. PPI Advice Ltd does not
More informationBest Practice & Code of Conduct
Contents 1 Introduction (a) Purpose of this Statement (b) Background (c) Scope and status of this Statement 2 Best Practice - Basic principles for Complete FS Role of Packagers (in a mortgage lending environment)
More information13. JUSTICE - ALTERNATIVE DISPUTE RESOLUTION PROGRAM FOR COMPENSATION OF VICTIMS OF ABUSE AT PROVINCIAL YOUTH INSTITUTIONS
OF ABUSE AT PROVINCIAL YOUTH INSTITUTIONS 143. JUSTICE - ALTERNATIVE DISPUTE RESOLUTION PROGRAM FOR COMPENSATION OF VICTIMS OF ABUSE AT PROVINCIAL YOUTH INSTITUTIONS BACKGROUND.1 On November 2, 1994 government
More informationClaim Event outside our control Fee Financial award Lender FSCS FOS Letter of authority Instruction Services Terms
THE FAIR TRADE PRACTICE CLAIMS SPECIALIST TERMS AND CONDITIONS Here at the Fair Trade Practice we are committed to providing an excellent service to those who have been mis-sold payment protection insurance
More informationProfessional indemnity insurance Insurance brokers & IFA s proposal form
Professional indemnity insurance Insurance brokers & IFA s proposal form Instructions Please provide a full answer to every question. Please ensure that all answers are typewritten or printed in block
More informationMotor Legal Protection Insurance Policy Summary and Policy Wording
Motor Legal Protection Insurance Policy Summary and Policy Wording Motor Legal Expenses Motor Legal Expenses provides: 24/7 Legal Advice; Insurance for legal costs for certain types of disputes. Helpline
More informationLockton Financial Risks
Lockton Financial Risks A Division of Global Professional & Financial Risks Protecting your balance sheet About Lockton Lockton is the world s largest privately owned global insurance broker. Our focus
More information1 January 2010 (as amended 1 January 2015) Table of contents
Terms of Reference 1 January 2010 (as amended 1 January 2015) Table of contents Section A: Preliminary Matters 1. Introduction 1.1 Purpose of the Service 1.2 Principles that underpin FOS operations and
More informationApplication to become a Lloyd s Open Market Correspondent
Application to become a Lloyd s Open Market Correspondent Please read the following notes carefully before filling in this form. 1. A separate application form must be completed for each firm that wishes
More informationProfessional Indemnity Insurance for the Designing and Consulting Department of Contractors Proposal Form
Professional Indemnity Insurance for the Designing and Consulting Department of Contractors Proposal Form Important Notice 1. This is a proposal for a contract of insurance. You have a legal duty to provide
More information