Bates Wells Compliance to close down in November

FINANCIAL services regulatory consultancy Bates Wells Compliance, formerly known as BWB Compliance, will be shutting down on 4 November.

The compliance consultancy, which launched in 2016, is very active in the peer-to-peer lending and crowdfunding sector.

It featured as one of the ‘firms of influence’ in the Peer2Peer Finance News Power 50 last year.

Gillian Roche-Saunders, who heads up the consultancy, said she would be exploring new ventures within the world of regulatory consulting.

Read more: Former MoneyThing finance director joins BWB Compliance

“While it was time for me to explore new ventures, my relationship with Bates Wells remains strong and I will be continuing to support the firm’s legal departments after I leave,” she said.

“Until 4 November, it is business as usual for the team as we complete projects with our clients. With SMCR and the P2P lending rules changes occurring in December, it’s going to be a busy few months.

Read more: Special report on compliance

“If you are an existing client and have work requests that aren’t yet on our radar, please do let us know so that we can plan for these. Please note that we may not be able to take on work from new clients during this time.

“I and many of the team here at BWB Compliance will stay on in the world of regulatory consulting so please do stay in touch. We will be able to confirm details of where we will each be over the coming weeks.”