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The only book to focus on the retail dimension of financial services law, by examining the complex legal regime governing sales and advice of all financial products (investments, insurance, mortgages, banking) to individuals and businesses
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Provides full coverage of the Financial Services Act 2012, and the introduction of " regulation, and considers the impact of the Financial Services (Banking Reform) Act 2013
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Examines the more product-focussed approach of the Financial Conduct Authority (FCA) including product interventions, such as the restrictions on the marketing of Unregulated Collective Investment Schemes (UCIS)
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Explains the role of the FCA including the transfer of the consumer credit regime from the Office of Fair Trading to the FCA
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Analyses and explains the large number of cases on retail investment and financial services in the wake of the 2007-8 financial crisis, including Rubenstein v HSBC Bank Plc, Zaki v Credit Suisse (UK) Ltd, Grant Estates Ltd v Royal Bank of Scotland and Green and Rowley v Royal Bank of Scotland.
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Considers all types of claims against financial services providers including both statutory claims under FSMA and claims in contract, tort and equity
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Covers the recent wave of product mis-selling, including payment protection insurance (PPI), Unregulated Collective Investment Schemes (UCIS) and interest rate hedging products (IHRP)
New to this edition
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Full coverage of the new regulatory regime under the Financial Services Act 2012
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New chapter on the transfer of responsibility of consumer credit to the FCA and coverage of the Mortgage Market Review
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Considers the impact of the Retail Distribution Review and the ban on commission-driven sales
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Coverage of the Alternative Investment Fund Managers Directive 2013, as implemented by Alternative Investment Fund Managers Regulations 2013, and the Collective Investment in Transferable Securities (Contractual Scheme) Regulations 2013 (the
Now in hardback, this comprehensive work covers the legal and regulatory environment in which claims concerning sales of and advice on financial products for individuals and businesses are brought and defended.
Fully updated to explain the impact of the twin peaks regulation under the Financial Services Act 2012, the book analyses the role of the Financial Conduct Authority and considers its activities to date. The book covers both statutory claims and traditional 'professional negligence' claims based on contract and tort against financial advisers, brokers, other intermediaries and product providers.
Also included in this third edition is a new chapter on consumer credit, considering the transfer of responsibility for the consumer credit regime from the Office of Fair Trading to the Financial Conduct Authority.
This is the leading work on professional negligence in the financial services field and is an essential reference tool for all those who advise on bringing or defending such claims.
Readership: Solicitors and barristers advising on financial services law and professional negligence claims, in-house counsel working on compliance and internal regulation, scholars and compliance officers.
