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Financial Services Law, 2nd Edition

Financial Services Law, 2nd Edition

Author: Michael Blair; George Walker; Robert Purves
Publisher: Oxford University Press
ISBN: 9780199564187
Published In: March 2009
Format: Hardback
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Covers the impact of the credit crisis, including the Banking (Special Provisions) Act 2008
New coverage of Islamic Financial Services to reflect the sector's rapid growth.
Updated to reflect numerous developments in the area including the implementation of MiFID and the Capital Requirements Directive
Specialist writing team comprising practitioners and present or former regulators ensures insightful examination of the area
Specialist knowledge enables practitioners to find real solutions through interpretation of UK finance law and the FSA Handbook

New to this edition

Coverage of Islamic Finance
Application of MiFID since its implementation
The Capital Requirements Directive
The impact of Northern Rock, including the Banks (Special Provisions) Act 2008
The Consumer Credit Act 2006
The new Conduct of Business sourcebook (NEWCOB), the redrafting of the Insurance Conduct of Business Rules (NEWICOB) and the new enforcement handbook
Coverage of the new money laundering rules

Financial Services Law provides a detailed analysis of the UK regulatory regime under FSMA and the FSA handbook and rules as impacted by EC legislation. This established work has been updated to incorporate recent legislative developments and case law. In addition to new areas of coverage, some key existing topics have also been expanded, such as coverage of MiFID in the light of its implementation in 2007. A specialist writing team of practitioners and present or former regulators ensures that the book provides practical guidance from the inside track, and that the work remains the most authoritative and comprehensive single work on the financial services regulatory regime.

A key addition to the second edition is a new chapter on Islamic Financial Services to reflect recent initiatives by HM Treasury and Government organisations to develop Islamic Finance in the UK. The chapter will consider the nature and operation of the structures which regulate Islamic Finance Products.

The work incorporates timely and important consideration of the impact of the credit crisis, particularly the fall out from Northern Rock and resulting legislation in the form of the Banking (Special Provisions) Act 2008.

The second edition also includes coverage of recent developments to the FSA Handbook, including the new Conduct of Business Sourcebook (NEWCOB) and the redrafting of the Insurance Conduct of Business rules (NEWICOB). The Capital Requirements Directive and new money laundering rules are also covered.

Readership: This work will be of interest to legal practitioners in the UK as well as international lawyers advising on the UK regulation of financial products. It will also appeal to participants in the London markets, such as banks and insurance institutions, and those working for regulatory bodies and agencies.

Introduction Michael Blair and Robert Purves

PART I: FINANCIAL SERVICES AND MARKETS; 1. Financial Services Authority Professor George Walker

2. The Financial Services and Markets Act Paul Kennedy

3. European Financial Services Jane Welch

4. International Agreements and Supranational Bodies Deborah Sabalot

PART II: FINANCIAL SERVICES REGULATION; 5. FSA Handbook and High Level Standards Robert Purves

6. Regulatory Processes - Authorisation, Supervision, Enforcement Margaret Chamberlain

7. Financial Redress - Complaints, Disputes and Compensation Alex Kuczynski

8. Market Abuse Jonathan Melrose

9. Insider Dealing, Misleading Statements and Practices and Other Offences Jonathan Melrose

10. Money Laundering and Financial Crime Jonathan Herbst and Peter Snowdon

11. Integrated Prudential Regulation John Virgo

PART IIl: FINANCIAL SECTORS AND ACTIVITIES; 12. Investment Firms and the Wholesale Sector Etay Katz

13. Investment Firms and the Retail Sector Gerard McMeel

14. Banks and Banking Professor George Walker

15. Mortgage Lending and Mortgage Intermediation Robert Purves

16. Insurers and Insurance Mediation Nick Paul

17. Collective Investment Schemes Professor Eva Lomnicka

18. Public Offers of Securities Richard Brearley

19. Islamic Financial Products Andrew Henderson

Michael Blair, QC, Barrister, 3 Verulam Buildings, George Walker, Professor in International Financial Law at the Centre for Commercial Law Studies, Queen Mary, University of London, and Robert Purves, Barrister, 3 Verulam Buildings

Contributors:

Richard Brearley, Investec Bank (UK) Limited, London
Margaret Chamberlain, Travers Smith LLP, London
Paul Edmondson, CMS Cameron McKenna LLP, London
Andrew Henderson, Clifford Chance LLP, Dubai
Jonathan Herbst, Norton Rose LLP, London
Shaun Karpelowsky, Investec Bank (UK) Limited, London
Etay Katz, Allen & Overy LLP, London
Paul Kennedy, Financial Reporting Council, London
Alex Kuczynski, Financial Services Compensation Scheme, London
Professor Eva Lomnicka, Four New Square and King's College, London
Professor Gerard McMeel, University of Bristol, Guildhall Chambers and Quadrant Chambers
Jonathan Melrose, Simmons & Simmons, London
Dr Robert Purves, 3 Verulam Buildings, London
Deborah A Sabalot, Solicitor, Professional Assoicate, Outer Temple Chambers, London
Peter Snowdon, Norton Rose LLP, London
John Virgo, Guildhall Chambers, Bristol, 5 Stone Buildings, London
Professor George Walker, Centre for Commercial Law Studies, London
Jane Welch, British Institute of International and Comparative Law, London

"The 2nd edition of Financial Services Law keeps the work at the cutting edge and, accordingly, it remains one of the most authoritative and comprehensive works on the financial services regulatory regime in the UK"