Financial Services

Below is a list of links to legal information concerning a variety of issues relating to financial services.

OUT-LAW Guides (UK law)

• Distance marketing of financial services
  The Financial Services (Distance Marketing) Regulations are discussed in detail in this article, e.g. when and to whom they apply, cancellation rights and unsolicited services.
• Financial and Credit services
• Selling financial services online
  This guide concentrates on the non-legislative side, dealing with the contractual and commercial issues which must be considered when selling financial services products online.
• Financial services advertising
  Financial advertising, depending on the product, is governed by the self regulation system and additionally by statutory regulation by both the FSA and under the Consumer Credit legislation. Both are discussed here.
• Basel II: An introduction to the Capital Adequacy Accord and the Capital Requirements Directive
  An overview of Basel II: what it is and what it requires of companies offering financial services.
• The Payment Services Directive
  A guide to what the Payment Services Directive is and how it applies to your business.

Recent OUT-LAW News

• Distance Marketing Directive failed to grow consumer market in cross-border financial services
• New E-money Directive makes it much cheaper to become an issuer
• Equitable Life policyholders claim court victory
• Tribunal quashes point of sale PPI ban
• Call centre recordings could breach payment card industry security rules

Contact one of our lawyers

We advise several financial services firms on issues of IT and e-business. We'd be happy to speak to you about how we can help.

Susan McKiernan
Biography
email Susan
+44 (0) 141 249 5425

John Salmon
Biography
email John
+44 (0) 141 248 4858

Useful links

• Distance Marketing of Consumer Financial Services Directive 2002 (9-page PDF)
• The Financial Services (Distance Marketing) Regulations 2004
• Consultation document on implementing the Distance Marketing of Consumer Financial Services Directive, including draft regulations (69-page PDF) and supporting information from HM Treasury.