Global Financial Services Regulatory Guide
The free, award winning, Financial Services Regulatory (FSR) Guide has been updated to incorporate changes across the globe in a rapidly evolving regulatory environment. The Guide, available on the iTunes App Store and Google Play, highlights the ‘icebergs’ firms need to look out for when distributing financial products into new markets.
Covering 41 jurisdictions – including both key financial centres and emerging economies - the Guide is the first port of call for financial institutions, answering key questions such as ‘what types of activities require a license?’ and ‘what are the requirements to obtain authorization’?
Commenting on how the Guide should and is already being be used, Arun Srivastava, Partner and Chair of Baker McKenzie's Global FSR Group said,
From boardroom conversations determining the cross-border expansion strategy of a financial institution, to the private banker checking what they can do to service clients in local markets, the Guide sets out the essential guardrails! It is accessible and practical.
The update of the Guide is particularly timely given many clients are wondering about the impact of Brexit and how the changing regulatory environment might affect the distribution of financial products in the UK and Europe. The Guide covers current passporting and cross-border exemption arrangements as well as strategies if the UK falls outside of the European Economic Area.
The Guide draws on the expertise of Baker McKenzie's exceptionally experienced lawyers across the globe who work fluently across borders and issues. Few firms can match the experience and global footprint of the Baker McKenzie team, which includes former US prosecutors, SEC, FCA and other regulators.
Baker McKenzie provides critical insight on the local application of financial regulations, as well as cross-border issues involving the marketing, distribution and sale of financial products amongst many other services for financial institutions. The direct contact details of Baker McKenzie experts in every jurisdiction are listed in the Guide to enable follow up questions as required.