FINANCIAL MARKETS LAW COMMITTEE
The Financial Markets Law Committee aims to identify issues of legal uncertainty affecting wholesale financial markets, including inconsistencies between draft law or regulation and market practice, and to publish proposals for resolving them.
Objects
THE COMPANY’S OBJECTS ARE SPECIFICALLY RESTRICTED TO PROMOTING FOR THE PUBLIC BENEFIT THE ADVANCEMENT OF EDUCATION BY:(1) IDENTIFYING AND CONSIDERING, IMPARTIALLY AND IN THE PUBLIC INTEREST, ISSUES OF LEGAL UNCERTAINTY OR MISUNDERSTANDING RELATING TO THE FUNCTIONING AND REGULATION OF FINANCIAL MARKETS; AND; (2) MAKING ITS WORK ON THOSE LEGAL ISSUES FREELY AVAILABLE TO FINANCIAL MARKETS AND TO THE GENERAL PUBLIC.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £47,392 for the year, resulting in unrestricted reserves decreasing to £461,569. The trustees confirm that reserves are slightly less than total expenses and are intended to cover costs until the next fundraising round. The trustees and auditors both confirm there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“At the year-end total reserves were £461,569 (2024:£508,961) being slightly less than total expenses in 2024-2025.” — page 7
Policies the charity declares
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Risk management
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/10/2025
- Employees paid over £60,000: 2 (£150,001–£200,000: 1; £200,001–£250,000: 1)
Self-declared on the annual return for the financial year ending 31/10/2024
- Employees paid over £60,000: 2 (£140,001–£150,000: 1; £150,001–£200,000: 1)
Self-declared on the annual return for the financial year ending 31/10/2023
- Employees paid over £60,000: 2 (£130,001–£140,000: 1; £200,001–£250,000: 1)
Trustees
- Carolyn Jackson
- Jonathan May
- KATHLEEN GIBBONS
- SIMON FIRTH
- SIR ROBIN KNOWLES CBE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2025 | £423k | £470k |
| 31/10/2024 | £390k | £478k |
| 31/10/2023 | £451k | £450k |
| 31/10/2022 | £435k | £463k |
| 31/10/2021 | £363k | £406k |
Common questions
Is FINANCIAL MARKETS LAW COMMITTEE financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £47,392 for the year, resulting in unrestricted reserves decreasing to £461,569. The trustees confirm that reserves are slightly less than total expenses and are intended to cover costs until the next fundraising round. The trustees and auditors both confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by Price Bailey LLP.
Who funds FINANCIAL MARKETS LAW COMMITTEE?
Funders whose own accounts filings name FINANCIAL MARKETS LAW COMMITTEE as a grant recipient include THE SLAUGHTER AND MAY CHARITABLE TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE SLAUGHTER AND MAY CHARITABLE TRUST | FY2023 | £12k | |
| THE SLAUGHTER AND MAY CHARITABLE TRUST | FY2024 | £12k | |
| THE SLAUGHTER AND MAY CHARITABLE TRUST | FY2022 | amount not stated |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ALLEN OVERY SHEARMAN STERLING FOUNDATION | 2 | £15k |
| THE A B CHARITABLE TRUST | 1 | £295k |
| TRUST FOR LONDON | 1 | £293k |
| LONDON LEGAL SUPPORT TRUST | 1 | £251k |
| PAUL HAMLYN FOUNDATION | 1 | £250k |
| THE LEGAL EDUCATION FOUNDATION | 1 | £215k |
| JOHN ELLERMAN FOUNDATION | 1 | £145k |
| THE ACCESS TO JUSTICE FOUNDATION | 1 | £110k |
Charities like this
- THE SOCIAL MARKET FOUNDATION
- LAW CENTRES FEDERATION
- THE CHARITY FINANCE GROUP
- THE MARKET RESEARCH BENEVOLENT ASSOCIATION
- THE LAW SOCIETY CHARITY
- INCORPORATED COUNCIL OF LAW REPORTING FOR ENGLAND AND WALES
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| FINANCIAL MARKETS LAW COMMITTEE | £423k | — | — | below | — | no doubt |
| THE SOCIAL MARKET FOUNDATION | £1.1m | — | — | unclear | — | no doubt |
| LAW CENTRES FEDERATION | £1.1m | more than £60,000 | 1 | unclear | — | no doubt |
| THE CHARITY FINANCE GROUP | £2.0m | — | — | within | — | no doubt |
| THE MARKET RESEARCH BENEVOLENT ASSOCIATION | £37k | — | 0 | unclear | — | no doubt |
| THE LAW SOCIETY CHARITY | £111k | — | 0 | unclear | — | no doubt |