Business Transfers, Establishing and Restructuring
We are regularly involved in the consolidation and reorganisation of regulated entities in the financial services sector and have acted on many business transfers under the FSMA regime in both the banking and insurance industries.
In addition, we offer advice on:
- new business models
- the requirements for authorisation to carry on investment, banking and insurance business in the UK
- applications for authorisation and variations of permission
- applications for the approval of individuals to perform controlled functions (in particular, significant influence functions) in regulated firms
We regularly advise on cross-border concerns, including the establishment of authorised subsidiaries in the UK, the registration of branches and inward and outward EEA passporting rights.
We have considerable experience in the insurance sector and have advised on many demutualisations and flotations, including Colonial Mutual, Irish Life, Norwich Union, Old Mutual and Standard Life.