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

Recent OUT-LAW News

• FSA warns firms to improve data security
• Bank charges caught by consumer protection law, rules High Court
• Financial Ombudsman Service is too 'middle-class', says review
• Banking customers still on hook for out-of-date software
• Consumer Credit Directive approved by European Parliament

Added-value services

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. Speak to one of our contacts.

Useful links

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