Grania Baird, who leads the financial services practice at Farrer & Co, is a highly experienced and knowledgeable financial services lawyer. Grania has a reputation for advising on complex regulatory issues, and supporting clients at every stage of their business cycle: Through the set up and structuring of new firms, to the launch of new products and services and sale of business and wind down.
Grania acts for clients across the financial services sector, including private banks and wealth managers, asset and fund managers, payment services firms as well as other regulated businesses.
Grania has been involved in advising clients on the significant legal and regulatory changes impacting the sector in recent years. Recent examples include advising clients on the impact of the Markets in Financial Instruments Directive II (MiFID II), Payment Services Directive 2 (PSD 2), the Mortgage Credit Directive (MCD), and the Senior Managers & Certification Regime (SMCR) including its extension to FCA solo regulated firms.
Grania regularly advises clients on contractual and client-facing documentation for investment products and services, including terms of business and bespoke contractual documentation, as well as on general compliance and regulatory queries. She has advised many private banks on the regulatory environment for retail lending, including advice on documentation and procedures.
Grania has developed particular expertise in acting for fund managers who manage FCA authorised funds and regularly acts on the establishment of NURS and UCITS funds, on fund mergers and day to day enquiries, as well as cross-border issues. She has experience of advising on master feeder structures, money market funds, qualified investor schemes and authorised contractual schemes (ACSs). She acts for many charity investment vehicles and was a member of the cross-sector working party on the new Charity Authorised Investment Fund (CAIF) vehicle, and acts for a number of pooled investment vehicles established for not-for-profit and local government investors.
Grania regularly speaks at industry seminars and events on changes and challenges to financial services law and regulation.