Financial Services Regulatory
Shook Lin & Bok’s Financial Services Regulatory team handles the full spectrum of regulatory advisory and transactional work, especially in the area of financial services. Our clients include banks, capital markets intermediaries, insurance companies, financial advisers, market operators and payment service providers.
We focus on giving clients advice that is practical and effective, and which takes into account the regulatory environment and policy intent of the authorities.
We frequently work as an interface between our clients and the regulators to assist them in finding viable solutions, safe harbours, exemptions, suitable licences and/or approvals.
Apart from licensing related transaction work, we also regularly advise financial institutions on various ongoing compliance issues, such as anti-money laundering, countering terrorism financing, sanctions, privacy and data protection and assist them to develop and implement effective internal control and compliance procedures.
Our practice is multi-disciplinary and often covers other jurisdictions. We frequently coordinate with counterparts in multiple jurisdictions to help clients harmonise their compliance requirements and optimise their business objectives in a globalised economy.
Our experience includes:
- Analysing business models and assisting clients with applying for appropriate licences, exemptions and approvals, including making representations to regulators on complex and/or grey issues.
- Advising and developing compliance strategies, including risk management and internal compliance policies & manuals.
- Developing inventories to assist clients with keeping track of their periodic regulatory reporting obligations.
