Financial Services Law, 2nd Edition

• 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.