A filter assembly comprising: a manifold having a fluid inlet and a fluid outlet, a filter housing having a filter medium provided therein, the filter medium defining an inner filter chamber and defining an outer filter chamber between the filter medium and the filter housing, the filter housing being removably attached to and below the manifold so as to provide a fluid flow path from the inlet into the inner filter chamber, through the filter medium into the outer chamber and out of the outlet; characterised by the filter assembly further comprising a valve assembly mounted inside the manifold, and a by-pass channel defined inside the manifold between the fluid inlet and the fluid outlet, the valve assembly comprising a bypass spool and a bypass spring arranged in engagement with the bypass spool to bias the bypass spool into a first position and to compress, in response to a pressure differential across the bypass spool exceeding the bypass spring force, to move the bypass spool downwards to a second position being a bypass position in which a bypass channel is opened to direct flow from the fluid inlet to the fluid inlet without passing through the filter medium, the valve assembly further comprising a shut off member located around the bypass spool and bypass spring and held between the manifold and the filter housing by means of a shut off spring located around the bypass spool and bypass spring, and an inlet axial seal and an outlet axial seal positioned such that in an open position, when the filter housing is attached to the manifold, the shut off valve member is axially positioned by means of the shut off spring such that the inlet and outlet axial seals are not in sealing engagement with the valve assembly and in a shut off position, when the filter housing is removed from the manifold, the shut off member is axially moved by the shut off spring to cause the inlet and outlet seals to be brought into sealing engagement with the valve assembly to shut off fluid flow from the inlet and the outlet. a manifold having a fluid inlet and a fluid outlet, a filter housing having a filter medium provided therein, the filter medium defining an inner filter chamber and defining an outer filter chamber between the filter medium and the filter housing, the filter housing being removably attached to and below the manifold so as to provide a fluid flow path from the inlet into the inner filter chamber, through the filter medium into the outer chamber and out of the outlet; characterised by the filter assembly further comprising a valve assembly mounted inside the manifold, and a by-pass channel defined inside the manifold between the fluid inlet and the fluid outlet, the valve assembly comprising a bypass spool and a bypass spring arranged in engagement with the bypass spool to bias the bypass spool into a first position and to compress, in response to a pressure differential across the bypass spool exceeding the bypass spring force, to move the bypass spool downwards to a second position being a bypass position in which a bypass channel is opened to direct flow from the fluid inlet to the fluid inlet without passing through the filter medium, the valve assembly further comprising a shut off member located around the bypass spool and bypass spring and held between the manifold and the filter housing by means of a shut off spring located around the bypass spool and bypass spring, and an inlet axial seal and an outlet axial seal positioned such that in an open position, when the filter housing is attached to the manifold, the shut off valve member is axially positioned by means of the shut off spring such that the inlet and outlet axial seals are not in sealing engagement with the valve assembly and in a shut off position, when the filter housing is removed from the manifold, the shut off member is axially moved by the shut off spring to cause the inlet and outlet seals to be brought into sealing engagement with the valve assembly to shut off fluid flow from the inlet and the outlet.