Financial Services
The financial services regulatory structure, already complex, continues to develop and adapt to the challenges presented by modern markets. The very complexity of the regulatory framework means that now, more than ever before, specialist advice is essential for the regulatory authorities, those they regulate and those whose activities may be caught by financial services regulation.
In essence, the law governing the financial services industry was based on company law, with a layer of detailed regulation grafted onto it. It has since grown into an extensive body of law in its own right. As a result, these Chambers have also developed a specialisation in this area. The Financial Services Authority is regularly advised by members of Chambers, as was its predecessor the SIB. Members of Chambers also advise the regulated community and others on whom regulation has an impact; and represent clients before disciplinary tribunals and before DTI inspectors. Members of Chambers have also acted as DTI inspectors themselves, and one was Deputy Chairman of the IMRO Membership Tribunal.