Financial Services Regulatory

The financial services industry is a complicated regulatory landscape. Financial services regulatory compliance requirements are continually imposed and rigorously enforced. Public demand for greater transparency and corporate accountability continues. Financial regulatory compliance obligations have never been so great, and the risks of non-compliance have never been so severe.

Consistently ensuring regulatory compliance can be overwhelming, costly and time-consuming for financial institutions. Responding to an inquiry or investigation by regulators is even more daunting. Engaging skilled legal counsel and developing effective compliance programs prevent such things from occurring, enabling you to remain focused on running your business.

McMillan’s Financial Services Group is made up of lawyers who understand the complexity and challenges of navigating the regulatory complexities of the financial services sector. When financial services clients engage us, we work with them to ensure their regular business operations comply with financial services law. First, we help them understand their regulatory obligations. Then, we work with them to strategically develop risk management and compliance systems that minimize the potential for regulatory breaches. If a client faces an investigation by a regulatory body, we prepare a comprehensive response.

McMillan professionals help its financial services clients remain in compliance by:

• Advising domestic and foreign financial services businesses in connection with structuring, establishing and managing all types of financial services products
• Representing them in connection with regulatory approvals, licences, permits and rulings
• Conducting compliance reviews
• Developing compliance policies and procedures
• Advising boards of directors
• Responding to regulator inquiries and, if necessary, representing them before regulatory bodies or the courts