Photo of Tim Dolan

Tim Dolan

Tim Dolan advises clients on UK and European financial services matters, utilising his background of working for international financial services regulators. He focuses on whether institutions and fund structures are subject to UK and European regulation and on advising on the interpretation of the Financial Conduct Authority’s and the Prudential Regulatory Authority’s rule books. He supports firms and individuals when they need to engage with financial services regulators (including with breach; change of control and waiver notifications as well as authorisations) and helps clients (typically fund managers; investment firms; banks; and payment firms) prepare for regulatory change. Increasingly Tim is also advising fund managers and institutions on the impact of ESG regulation.

In July 2025, the House of Lords’ Financial Services Regulation Committee launched an inquiry into the expansion of non-bank lending in the UK. The investigation explores whether stricter bank regulations since the global financial crisis have limited traditional bank lending, prompting non-bank financial institutions to fill the gap—and considers the impact on the nation’s financial stability.
Continue Reading Non-Bank Lending in the Spotlight: UK House of Lords Inquiry into Systemic Risks and Market Stability

The FCA has initiated significant engagement with the private funds sector, akin to its 2013 AIFMD implementation efforts. In 2025, it plans to streamline UK regulatory requirements for fund managers and review conflict of interest management, focusing on governance and investor protections.
Continue Reading FCA Review of Private Fund Market Valuation Practices

In late 2024, the United Kingdom’s Financial Conduct Authority (FCA) published a “Dear CEO” letter related to the FCA’s “Custody and Fund Services Supervision Strategy.”

Continue Reading UK FCA Letter Expresses Concerns About Fund Service Providers

This 5 Trends piece covers non-financial misconduct, the Senior Managers and Certification Regime, FCA investigations and Upper Tribunal proceedings, motor finance, and FCA Sustainability Disclosure Requirements.
Continue Reading 5 Trends to Watch: 2024 UK Financial Services Regulation

In November 2023, after several years of negotiation, the Council of the European Union published the detailed compromise text for the Alternative Investment Fund Managers

Continue Reading AIFMD II: New Regulation of Debt Funds and Other Key Changes