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 October 28, 2016, the Financial Services and Markets Act 2000 (Ring-fenced Bodies, Core Activities, Excluded Activities and Prohibitions) (Amendment) Order 2016 was published.
On October 28, 2016, the Financial Services and Markets Act 2000
(Ring-fenced Bodies, Core Activities, Excluded Activities and
Prohibitions) (Amendment) Order 2016 was published. The Amendment
Order amends the Financial Services and Markets Act 2000
(Ring-fenced Bodies and Core Activities) Order 2014 and the
Financial Services and Markets Act 2000 (Excluded Activities and
Prohibitions) Order 2014. The Amendment Order, amongst other
things, changes the definition of a UK deposit- taker so that it
does not capture UK branches of foreign banks, and amends the duty
of a ring-fenced bank to provide specified information so that it
only applies where individuals are located in a European Economic
Area state and in relation to deposit accounts. The amendments come
into force on December 1, 2016.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
