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Regulatory advice

As businesses re-evaluate their activities and explore new and innovative market opportunities, more often than not regulatory compliance rears its head.

We work with a wide range of insurers, underwriting agencies, captive managers, insurance brokers, claims management companies, wealth managers, professional firms and other insurance intermediaries to deliver specialist regulatory advice on insurance, financial services and professional conduct issues.

Tempted as some are to source regulatory advice internally or from a non-lawyer compliance consultant, experience shows that:

• Only by instructing an independent law firm can a business secure legally privileged advice - and avoid the irony of an enforcement action based on a non-privileged compliance report;
• Acting upon independent legal advice can provide a prima facie defence or mitigation in an action for rule breaches;
• You may have little or no recourse if your ‘in-house' adviser or non-lawyer consultant gets things wrong; and
• Often an independent legal opinion helps to secure internal "buy-in" to changes that may be required.

Please call Nigel Wallis on 0151 906 1000 or email us via the link below.