London City at night
Overview

Our regulated lending lawyers help financial institutions navigate complex regulatory frameworks, implement market standard documentation and respond to regulatory change.

We provide strategic advice on all aspects of regulated lending, including consumer credit, regulated mortgages, payment services, regulatory capital and FCA permissions.

Working at the forefront of the financial services industry, our regulated lending lawyers offer market-leading insight into technological trends and developments and the consequent alignment of business processes, procedures and policies.

By drawing on expertise from across the firm, we can advise clients on complementary areas of consumer protection including: unfair terms, data protection, dispute resolution and enforcement, tax and employment issues. We also advise on transactions involving packages of regulated loans, from sales of underperforming portfolios through to warehousing/securitisation of performing asset pools. 

Areas of focus

Our expertise in regulated lending includes the following:

  • Assisting clients with applications to the FCA for permissions/variations of permission.
  • Advising clients on the scope of exemptions to regulated activities under the RAO.
  • Drafting suites of regulated consumer credit agreements, regulated mortgages and the ancillary documentation required for the ongoing administration of loans.
  • Implementation of regulatory change and new technologies, and consequent alignment of business processes, procedures and policies.
  • Formulation and review of current and savings account products.
  • Debt sales, warehousing and securitisation.
  • Advice on compliance with regulatory capital requirements (CRD IV, its UK implementing legislation and the CRR).
Experience

Advising banks and financial institutions including Svenska Handelsbanken, Julian Hodge Bank, Rabobank and Lloyds Banking Group, on the legal and regulatory issues arising from new product launches.

Advising banks and financial institutions, such as Lloyds Banking Group, Svenska Handelsbanken and Julian Hodge Bank, on changes to standard terms and processes arising from consumer legislation, including the Data Protection Act and Consumer Rights Act. Helping such firms respond to significant regulatory structural changes as a result of domestic and EU legislative developments and large-scale FCA/PRA rule changes.

Advising Svenska Handelsbanken on the implementation of the Payment Services Regulations and the impact upon (principally) its bank account terms and conditions.

Advising Weatherbys Bank and Svenska Handelsbanken on the implementation of the process and documentary changes required by the Mortgage Market Review (including ongoing consultation and ad-hoc advice).

Advising Julian Hodge Bank on the development of new regulated lifetime mortgage products with interest roll-up or interest serviced over the lifetime of the loan.

Reviewing an entire suite of regulated (MCOB and consumer credit) and non-regulated/commercial loan and security documentation for Weatherbys Bank.

Reviewing and updating Julian Hodge Bank’s entire suite of personal (consumer) and non-personal savings accounts and savings products.

Advising lenders (including Octopus Investments) on the process to become FCA authorised for consumer credit lending including reviewing application forms, FCA-required policies and procedures, suites of lending documentation and ancillary statements and notices.

Advising The Royal Bank of Scotland on the approval of financial promotions relating to structured investment and other financial products.

Meet the team
Richard Leeming

Richard Leeming Partner

  • Banking and Trade Finance
  • Derivatives, Debt Capital Markets and Securitisations
  • Real Estate Finance
Tom Dunn

Tom Dunn Partner

  • Head of Funds and Financial Regulation
  • Regulated Funds
  • Financial Services
Adrian Shedden

Adrian Shedden Senior Associate

  • Head of Fintech
  • Head of Regulated Lending
  • Financial Services

Key contact

Richard Leeming

Richard Leeming Partner

  • Banking and Trade Finance
  • Derivatives, Debt Capital Markets and Securitisations
  • Real Estate Finance

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