header-logo header-logo

Navigating financial services regulation

226818
Dan Moore, Richard Ellis & Jack Sears provide a guide for insolvency practitioners
  • This article guides insolvency practitioners (IPs) through the UK financial services regulatory framework.
  • It focuses on IPs’ interaction with the Financial Services and Markets Act 2000, the general prohibition, and various related statutory instruments.
  • It also addresses the potential risks to IPs of non-compliance, and the scope and boundaries of the exclusions available to them. 

At the heart of the UK’s financial services regulatory environment is the Financial Services and Markets Act 2000 (FSMA 2000) and the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (RAO 2001). These two pieces of legislation govern the carrying on of various activities (known as ‘regulated activities’) by companies and individuals in the UK.

Another component of this regulatory framework is the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (FPO 2005), which sets out some of the principal rules around making financial promotions.

In summary, s 21, FSMA 2000 and

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

Birketts—trainee cohort

Birketts—trainee cohort

Firm welcomes new cohort of 29 trainee solicitors for 2025

Keoghs—four appointments

Keoghs—four appointments

Four partner hires expand legal expertise in Scotland and Northern Ireland

Brabners—Ben Lamb

Brabners—Ben Lamb

Real estate team in Yorkshire welcomes new partner

NEWS
Robert Taylor of 360 Law Services warns in this week's NLJ that adoption of artificial intelligence (AI) risks entrenching disadvantage for SME law firms, unless tools are tailored to their needs
From oligarchs to cosmetic clinics, strategic lawsuits against public participation (SLAPPs) target journalists, activists and ordinary citizens with intimidating legal tactics. Writing in NLJ this week, Sadie Whittam of Lancaster University explores the weaponisation of litigation to silence critics
Delays and dysfunction continue to mount in the county court, as revealed in a scathing Justice Committee report and under discussion this week by NLJ columnist Professor Dominic Regan of City Law School. Bulk claims—especially from private parking firms—are overwhelming the system, with 8,000 cases filed weekly
Writing in NLJ this week, Thomas Rothwell and Kavish Shah of Falcon Chambers unpack the surprise inclusion of a ban on upwards-only rent reviews in the English Devolution and Community Empowerment Bill
Charles Pigott of Mills & Reeve charts the turbulent progress of the Employment Rights Bill through the House of Lords, in this week's NLJ
back-to-top-scroll