Now in hardback, this comprehensive work covers the legal and regulatory environment in which claims concerning sales of and advice on financial products for individuals and businesses are brought and defended. Fully updated to explain the impact of the twin peaks regulation under the Financial Services Act 2012, the book analyses the role of the Financial Conduct Authority and considers its activities to date. The book covers both statutory claims and traditional 'professional negligence' claims based on contract and tort against financial advisers, brokers, other intermediaries and product providers. Also included in this third edition is a new chapter on consumer credit, considering the transfer of responsibility for the consumer credit regime from the Office of Fair Trading to the Financial Conduct Authority. This is the leading work on professional negligence in the financial services field and is an essential reference tool for all those who advise on bringing or defending such claims.
Gerard McMeel, Professor of Commercial Law, University of Manchester; Barrister, Guildhall Chambers, Bristol, and Quadrant Chambers, London John Virgo, Barrister, Guildhall Chambers, Bristol
PART I: THE INDUSTRY AND REGULATORY CONTEXT; PART II: CAUSES OF ACTION; PART III: INTERMEDIARIES AND FINANCIAL PROMOTION; PART IV: STANDARDS OF CONDUCT; PART V: DEPOSIT-TAKING AND CONSUMER CREDIT CONDUCT OF BUSINESS; PART VI: REMEDIES; PART VII: BRINGING AND DEFENDING CLAIMS; PART VIII: FINANCIAL SERVICES AND SOLICITORS