MARKETS
Regulation makes more sense when you understand the market.
Our experience comes from working in complex organisations operating across global markets and multiple regulatory regimes. We not only understand the rules, but also the markets, products and businesses to which they apply.
Context matters.
The same regulatory requirement can mean very different things depending on the market, product, business model and organisation applying it.
Our advice is grounded in understanding that context - how markets operate, how businesses make money and where regulatory requirements meet commercial reality.
ENERGY & COMMODITIES
Deep experience in complex, global markets.
Energy and commodity markets operate across jurisdictions, products and regulatory regimes. Physical and financial markets sit alongside one another, commercial practices matter, and the regulatory perimeter is rarely straightforward.
Our experience spans energy and commodity trading businesses and markets, including oil, gas, power, emissions and broader commodity derivatives. We understand the commercial environment as well as the regulatory frameworks that shape it.
We help clients navigate issues including:
Market conduct and market abuse
Regulatory perimeter management
Trading and market structure
Governance, controls and surveillance
Regulatory change and implementation
Compliance risk assessment and assurance
Training
The starting point is understanding how the market actually works, not simply applying a regulatory framework in the abstract.
WHOLESALE MARKETS
Regulation in the context of how markets actually operate.
Wholesale markets bring together trading firms, intermediaries, venues and market infrastructure across complex products and multiple jurisdictions. Understanding the regulatory framework requires an equally strong understanding of how those markets function in practice.
We bring first-hand experience from trading and inter-dealer broking businesses, and understand the regulatory and compliance challenges that arise from the interaction between firms, brokers, clients, venues and exchanges.
We help clients with areas including:
Market conduct and market abuse
Trading, broking and surveillance controls
Market structure and regulatory perimeter
Trading venue and exchange requirements
Governance and accountability
Regulatory investigations and remediation
Compliance framework design and effectiveness
ASSET MANAGEMENT & FUNDS
Regulation through the investment lifecyle.
Asset managers and fund businesses operate within extensive regulatory frameworks covering the organisation, its products, its clients and the way investment decisions are made and implemented.
We combine regulatory knowledge with an understanding of the governance, operational and commercial realities of running investment businesses.
We help clients with areas including:
Regulatory strategy and permissions
Governance and compliance frameworks
Conduct and conflicts of interest
Compliance monitoring and assurance
Regulatory change
Policies, procedures and controls
Senior management and compliance leadership support
DIGITAL ASSETS
Established regulatory principles. Evolving markets
We bring real-world practitioner experience in regulated financial markets to the evolving regulatory framework for digital assets.
As digital-asset businesses move into more mature regulatory frameworks, many of the questions they face are familiar: regulatory perimeter, permissions, governance, conduct, financial crime, conflicts, market abuse and the effectiveness of compliance arrangements.
But applying established regulatory principles to new products, technologies and business models requires judgement. The answer cannot simply be imported from traditional finance.
We help clients with areas including:
Regulatory strategy and perimeter
Authorisation and regulatory readiness
Compliance framework design and implementation
Governance and accountability
Conduct and market abuse
Regulatory engagement
Compliance leadership and capability
We bring the regulatory discipline of established markets without assuming that digital assets work in exactly the same way.
ACROSS MARKETS
The difficult questions rarely fit neatly into one box.
Markets, products and regulatory regimes increasingly overlap. A business may operate across jurisdictions, combine regulated and unregulated activities, or find that a commercial decision engages several different regulatory frameworks.
That is often where we add most value: understanding the wider picture, identifying what really matters and helping clients find a practical way forward.
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Have something you’d like to talk through?
Sometimes a short conversation is enough to work out whether we can help.