Financial Services Sector

Why You Need a Financial Services Lawyer?

A financial services lawyer plays an important role in explaining the complex world of finance; it is also crucial for protecting a client's interests while remaining compliant with regulations of financial dealings. Attorneys for financial services work at the core of syndicated finance and secured loan transactions. They ensure that all legal requirements are met as they aid in structuring loans collateralized by assets. They aid in drafting relevant agreements, facilitate negotiations between parties, and ensure compliance with relevant regulations in syndicated finance, where several lenders join to make large loans.

The major financial services include:

1. Asset-Based Lending
2. Corporate and Commercial Lending
3. Equipment & Asset Financing
4. Financial Institution Regulation
5. Industry of Payment
6. Project Finance
7. Securitization & Structured Finance

A financial services attorney ensures that the loan process is in compliance with regulations and advises whether assets may be used as collateral. They advise businesses to maximize their borrowing potential with the minimum risk involved in loan agreements and asset valuation. Their knowledge ensures compliance with changes in finance laws and provides accessibility to the funds by the corporations. In this sense, they advise on covenants, interest rates, and repayment terms while ensuring the interests of clients are protected.

In general, the expertise ensures that clients have a high chance of getting funding while mitigating risks associated with lending agreements and regulatory compliance. From secured lending to asset financing, this professional plays an incredibly crucial role in guarding clients' interests in an ever-changing financial world.

Our Expertise

Our team at Pacific Legal has the experience to help you and your business traverse the challenges that you may face in this highly competitive sector. Our capability and expertise are summed up in handling insolvency and restructuring, and mergers and acquisitions.

Main Practice Areas:

1. Mergers and Acquisitions
2. Privacy and Cybersecurity
3. Insurance
4. Taxation
5. Capital Markets
6. Competition
7. Employment

Industries We Serve

1. Financial Services
2. Private Equity & Venture Capital
3. Retail & Hospitality
4. Information Technology
5. Emigration for Tax Purposes
6. Franchising
7. Fintech, Start-ups, and Small Business
8. Telecommunication

Major Financial Regulations in Canada

The financial service sector in Canada is regulated by the numerous federal and provincial regulations that serve to create the country's regulation framework. Other than protecting customers, this multi-layered approach ensures the financial system is stable as well as honest. This is the central banking act and statute that provides for establishing, managing, and supervising banks in Canada. It constitutes a central piece of legislation regarding banks, and Office of the Superintendent of Financial Institutions (OSFI) is the institution entrusted with ensuring compliance with it as the prudential supervisor for the financial sector, particularly for banks.

In addition, PSPs (Payment Service Providers) engaged in "retail payment activities" operating in Canada are governed by the RPAA or the Retail Payment Activities Act, a federal law. The RPAA seeks to safeguard the Canadians from losing their money by having oversight on the safe as well as efficient transfer of cash. Through the uniting of both federal and local laws, Canada's financial regulatory climate seeks to conserve stability while protecting customers.

Why Choose Us?

Pacific Legal is fully dedicated to partnering with clients for the achievement of business objectives and the overcoming of legal barriers worldwide. What our commitment counts for lies in the fact that we can help clients accomplish their business strategies and provide world-class legal services. Our clients depend on our firm to provide innovative solutions to complex business problems, and our team of Pacific Legal attorneys effectively leverages the firm's deep global network to address those challenges.

We offer a fully integrated practice group with expertise in banking, securities, insurance, and fintech, providing complete guidance tailored specifically to your needs. Our lawyers are knowledgeable about the complex financial regulations of Canada and assist clients in navigating compliance in representation before various regulatory bodies such as OSFI and FCAC. Customer relationships are our first priority. We will take the time to learn about your company and work with you to ensure every transaction is accomplished.