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  • Home
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  • Mila Pencheva
Mila Pencheva
Mila Pencheva

Mila Pencheva

Senior Counsel

  • London UK
Contact Me Today
+44 20 7300 7000
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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."

Expertise

Services and Groups

Banking & finance
Artificial intelligence
Financial services regulatory

Sectors

Financial institutions & insurance
Technology, media & communications
Cryptoassets, blockchain and distributed ledger technology
Machine learning

CV

Since 2025 Senior Counsel, Taylor Wessing LLP
2023 - 2025 Senior Associate, Taylor Wessing LLP
2021 - 2022 Associate, Pinsent Masons LLP
2019 - 2021 Associate, Allen & Overy LLP
2018 - 2019 Solicitor, TLT LLP
2016 Legal Practice Course (Accelerated), BPP University London
2015 Law LLB Hons, King's College London

Career

Since 2025 Senior Counsel, Taylor Wessing LLP
2023 - 2025 Senior Associate, Taylor Wessing LLP
2021 - 2022 Associate, Pinsent Masons LLP
2019 - 2021 Associate, Allen & Overy LLP
2018 - 2019 Solicitor, TLT LLP

Education

2016 Legal Practice Course (Accelerated), BPP University London
2015 Law LLB Hons, King's College London

Mila's news & insights

View Mila's insights
Click here to find out more
Financial services regulatory

Consumer Credit Act reform - Phase 1 Consultation

6 June 2025

by multiple authors

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Financial services regulatory

FCA cracks on with crypto roadmap

We look at the FCA's consultation papers on stablecoin issuance and crypto custody.

30 May 2025
Quick read

by multiple authors

Click here to find out more
Glass.Mapper.Sc.Fields.Image?.Alt
Financial services regulatory

Regulating Buy Now Pay Later in the UK: (almost) the final instalment

20 May 2025
Quick read

by multiple authors

Click here to find out more
View Mila's insights

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