01 August 2025 / Dan Moore , Richard Ellis , Jack Sears

Issue: 8127 / Categories: Features , Financial services litigation , Insolvency , Regulatory , Compliance

Navigating financial services regulation

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

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Navigating financial services regulation

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.

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

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Navigating financial services regulation

MOVERS & SHAKERS

Clarke Willmott—Matthew Roach

Farrer & Co—Richard Lane

Bird & Bird—Sue McLean