Area of focus

Authorizations and Variations of Permission

In order to get new products and services to the UK market, there are critical regulatory hurdles to overcome: authorizations for startups and new entrants (including foreign firms), and...

Representative experience

Advised Goldman Sachs on establishing Marcus, the UK digital retail bank, including assisting with the regulatory approval process, policies and procedures, and producing customer documentation.

Advised numerous FinTech startups on becoming authorized for a range of regulated activities, launching and developing their services and products, drafting of customer terms, and ongoing compliance matters.

Advised Hampden & Co, the British independent private bank, on the setup of this new private bank, including the regulatory approval process and producing all customer documentation.

Advised a global online e-commerce platform in obtaining authorization with the FCA for carrying out credit broking activities in the UK and advising on new arrangements for the launch of a cobrand credit card.

Advised a leading challenger bank in obtaining a variation of permissions to enable it to undertake a wider range of financial services activities.

Advised a global payments services provider to obtain a variation of permission to enable it to undertake a wider range of financial services activities.

Advised an innovative digital retail start-up bank on structure, building the business and rolling out its products. We also provided extensive support in designing and preparing the Regulatory Business Plan.

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