Guy Stevenson
Guy advises clients on a broad range of regulatory and financial crime issues. His practice has a particular focus on retail financial services, including advising on consumer credit, payments, crypto, insurance and financial crime and sanctions issues.
In addition to advising established financial services firms, Guy advises new innovative Fintech businesses on UK regulation including whether their activities will require authorisation and how best to launch their business in the UK. He has significant experience advising firms on regulatory issues connected to the selling of financial services products through apps and online journeys.
Guy frequently advises clients on financial crime issues, including AML controls, sanctions, reporting obligations, failure to prevent offences, anti-corruption and market abuse.
He has a deep knowledge of consumer credit law and excels in providing practical advice on how the law/regulation should be interpreted and applied.
He also advises on contentious matters including regulatory investigations and conduct issues.
Practice Area
Panel
- Contributing Author
Experience
- Baker & McKenzie LLP (2012 - 2021)
Qualification
- LLB (2011)
Education
- Cardiff University (2008-2011)
1 Contributions by Guy Stevenson
PRACTICE NOTES
UK consumer credit: employee/director loans and share schemes—scope, exclusions and FCA authorisation risks
This Practice Note considers when lending to employees or directors, and employee share schemes, might fall within the UK consumer credit regime, and the ramifications for a firm where its arrangements are not excluded...
Regulated activities–general
The Consumer Credit Act 1974 (CCA 1974), the Financial Services and Markets Act 2000 (FSMA 2000) and the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, SI 2001/544 (RAO) should be taken into account by firms that provide loans to their directors or employees.
This is because, in particular circumstances described in more detail below, a firm may be undertaking a ‘regulated activity’ as defined in RAO, SI 2001/544.
Entering into a regulated credit agreement as lender
Credit broking
Debt adjusting
Debt counselling
Debt collecting
Debt administration
Providing credit information services
Providing credit references
For additional guidance, see Practice Note: Regulated activities relating to consumer credit.
Under FSMA 2000, s 19, a firm that carries on a ‘regulated activity’ as part of its business in the UK must be authorised by the Financial Conduct Authority (FCA) or be exempt in order to do...
Financial Services
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