Mila is a senior counsel in our Financial Services Regulatory Group.
She has wide experience in the regulation of financial services, with particular focus on the regulation of payment and electronic money services, consumer credit and mortgages.
She often advises clients on the regulatory perimeter and acts for them on various applications to the FCA, including for change in control, authorisation, AML registration and the FCA's regulatory sandbox. Mila also provides day-to-day advice to regulated businesses on their conduct obligations such as treating customers fairly and ensuring their customer terms and conditions, financial promotions and wider communications are compliant with applicable rules and legislation. She has experience coordinating multi-jurisdictional regulatory surveys and regularly provides regulatory input on corporate transactions.
Legal 500 2025: "Mila Pencheva is a consummate regulatory professional with an incredible eye for detail. Quick to understand and contextualise very particular and unusual aspects of products and services."
by multiple authors
FCA cracks on with crypto roadmap
We look at the FCA's consultation papers on stablecoin issuance and crypto custody.
by multiple authors
Regulating Buy Now Pay Later in the UK: (almost) the final instalment
by multiple authors
by Dr. Christian Frank, Licencié en droit (Paris II / Panthéon-Assas)
by multiple authors
by multiple authors
by Giles Crown
by Charlotte Peach and Giles Crown
by Mark Chan and Gerald Chen
by multiple authors