Bovill is well positioned in terms of its experience to provide assistance to firms that provide investment banking services. A significant proportion of our client base is made up of such firms who find significant value in having an external compliance resource. Bovill's offering is particularly effective for boutique firms: our involvement can help free up the principals and key staff to concentrate on the firm's core activities.
We can advise our investment banking clients in relation to FSA requirements and elements of the UKLA's requirements relating to Sponsors. We have considerable experience in relation to the AIM market and a number of our clients are Nominated Advisors (Nomads) on AIM.
Recent assignments include the following:
- Advising a corporate finance boutique in relation to the application of the Prospectus Directive and the Financial Promotion Regime to a proposed private placement;
- Advising a Nomad on the requirements that would apply to upgrading to UKLA sponsor status;
- Assisting a Nomad in responding to FSA and AIM enquiries relating to an AIM IPO;
- Preparing and submitting NA1 and NA2 applications to AIM on behalf of a Nomad applicant;
- Preparing and submitting sponsor applications to the UKLA;
- Advising a sponsor on aspects of the UKLA Listing Rules.
Chinese Walls And Conflicts Of Interest
The identification and management of conflicts of interest is an important focus area of the FSA. Firms providing investment banking services often come into contact with non-public price sensitive information relating to listed securities. Bovill is able to assist with the creation of effective Chinese Walls policies and procedures and the management of conflicts generally. We are currently assisting a number of firms with the implementation of the new requirements set out in SYSC relating to conflicts of interest arising out of CRD and MiFID.
Bovill offers a one-stop shop solution to investment banking firms in terms of their regulatory needs. While the activities of such firms may differ markedly and may involve highly complex activities and transactions, Bovill is able to provide pragmatic solutions based on its familiarity with the policy and approach of the regulators of the United Kingdom's capital markets.