Financial Services

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STRAY over the line set by the Financial Services Authority (FSA) and the consequences can be dire, but keep an ear to the regulatory ground and the multitude of regulations can be successfully negotiated.

"In the current economic climate the focus on the industry is ever increasing, as is the pressure on the FSA to be seen to be enforcing the regulations. At the same time product providers are working tirelessly to bring lower cost financial products to the market and this combination makes it all too easy to get it wrong. We help our clients, many of whom are household names in the industry, navigate these tricky waters every day. So much can go wrong that we think our advice is a necessity, not a luxury," Tony Woodward, who leads Bond Pearce's financial services team, says.

The law on the distribution of retail financial products by product providers and independent financial advisers can be bewildering. "There is a vast array of regulations. Without expert financial services lawyers, it would be easy to flounder," says Tony.

"We can assist retail finance firms in their corporate strategies, structures and commercial agreements to ensure compliance, as well as assisting with the launch and promotion of new products. We provide value for money by going the extra mile, combining technical and risk management expertise, to achieve the business goals and objectives of our clients and doing so at significantly lower rates than our London based rivals" Tony says.

Tony was recognised as a "leader in his field" by Chambers 2008. His team consists not only of expert lawyers but uniquely includes a dedicated compliance consultant who works closely with product providers and intermediaries guiding them through the ongoing regulatory minefield. Subscribers to the compliance service get regular visits, bulletins, newsletters, and information about FSA regulations and the financial services sector.

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