In the world of financial services law, the only constant is change. Regulators, both at national and international level, are perpetually updating and revising their rules and requirements, and our clients face the ongoing challenge of keeping up with, and staying ahead of, regulatory change.
Dominic Hill is a partner in the Financial Services team and concentrates on financial services regulation. He advises on all aspects of financial services law, including the rules and guidance of the Prudential Regulation Authority (PRA), Financial Conduct Authority (FCA) and European regulatory bodies.
The Financial Services team provides advice to all types of financial institutions, which include banks, investment firms, wealth managers, asset managers, insurance companies and financial intermediaries. The products we advise on include securities, derivatives, funds and insurance (life and non-life).
We do more, however, than just interpret rules and regulations. We are, above everything, including commercial lawyers. For regulated firms, the requirements and demands of the regulators pervade all aspects of their business, and our advantage is that we are about to provide advice on commercial and legal issues in the context of that detailed regulatory background. Dominic frequently advises clients on the commercial transactions that they enter into - such as; outsourcing and agreements relating to product distribution, custody and investment management.
In addition to responding to regulatory change, we also aim to anticipate, and where possible influence, future change. With over fifteen years' experience in this area, Dominic proactively guides his clients before new regulations enter into effect. Where necessary, he helps clients during the development of regulation and has successfully assisted clients in modifying problematic proposals and reaching practical solutions to the challenges they present.
Areas of Focus
Advising a major financial institution's Wealth and Investment Management on the development of its customer terms.
Advising a UK investment firm on the sale of its share dealing platform to a third party, and associated issues regarding the transfer of customers.
Advising a UK bank on applying to the PRA for waivers relating to regulatory capital.
Advising a U.S. corporation on the perimeter of UK regulation and how to conduct activities in the UK without needing a licence.
Advising a major insurance company on the terms of an outsourcing of back office services.
Advising a UK general insurance intermediary in relation to an investigation by the FCA.
Advising a financial intermediary on the terms of a white label agreement with an insurance company.
Advising the trustees of a pension scheme on the terms of a £1bn insurance buy-in policy with a leading insurance company.
Advising the trustees of a pension scheme on the terms of an administration agreement with an insurance company.
Advising insurance companies on the sale of products and provision of services on a cross-border basis.
Advising a UK investment firm on its application for authorisation by the FCA.
Advising a UK financial institution on the development of guidelines for dealing in financial products.
Advising a European life company on the development of product terms for a complex drawdown product.
Advising several financial institutions on regulatory change initiatives, including the Retail Distribution Review, AIFM Directive, Solvency II and MiFID II.
Advising Prudential in relation to a restructuring of insurance fund investments, including drafting and negotiating a fund link agreement.
Advising a UK insurance company on issues relating to senior management and governance.
Advising several clients on the regulatory issues associated with crowd funding, peer to peer lending and alternative financing.
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28 July 2016
Thursday 28 April, 2016