A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets.
This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength.
Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations.
Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
On March 16, 2015, the Prudential Regulation Authority and Financial Conduct Authority jointly published a consultation paper on strengthening accountability in banking, setting out the PRA and FCA’s proposed plans for extending and tailoring the Senior Manager’s Regime, Certification Regime and Conduct Rules to UK branches of non- EEA institutions.
On March 16, 2015, the Prudential Regulation Authority and
Financial Conduct Authority jointly published a consultation paper
on strengthening accountability in banking, setting out the PRA and
FCA's proposed plans for extending and tailoring the Senior
Manager's Regime, Certification Regime and Conduct Rules to UK
branches of non- EEA institutions. The proposals include: (i)
incoming non-EEA branches to have their most senior individual
approved by the PRA; (ii) senior managers of incoming branches to
be subject to a set of PRA responsibilities which reflect areas
subject to UK regulation; and (iii) for the scope of the PRA's
certification regime for incoming non-EEA branches to be identical
to that of UK firms. The new Senior Managers and Certification
Regime will apply from March 7, 2016. Comments on the consultation
may be submitted until May 25, 2015.
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