Jeremy is the head of our financial services regulatory practice. This practice advises on prudential (capital) and conduct regulation across a range of industries including banking, claims management, consumer credit, derivatives, funds, general and life insurance, payment services and electronic money, and securities.
Jeremy primarily focuses on strategic advice for clients’ compliance, legal, risk and sustainability functions in relation to regulators’ BAU and enhanced supervisory activity, such as risk management programmes and skilled person reports, and enforcement activity. Jeremy advises extensively on ESG issues, especially firm culture and governance.
Jeremy’s work includes corporate growth projects (e.g. M&A and strategic partnerships) and value protection (e.g. dispute resolution involving competitors or former counterparties or employees). This involves matters such as: firm authorisations; changes in control; capital adequacy; cross-border business; appointed representative and other outsourcing or distribution arrangements; investigations and notifications; senior manager approvals, structures and responsibilities; and whistleblowing.
Jeremy frequently advises in relation to the ‘regulatory perimeter’ and the potential need for authorisation, exemption or additional permissions. These issues have the potential to attract criminal liability and financial crime risk.
Providing advice as to regulatory activity relating to high-profile general insurance products with implications on a number of fronts for conduct, governance and systems and controls.
Advising on the regulatory and operational issues arising in a high-value transaction in the managed portfolio service sector.
Advising on challenges to regulatory capital and on a major project to optimise compliance systems and controls in relation to a group’s operational consolidation.
Advising on handling the post-acquisition discovery of a legacy of credit arrangements inadvertently offered to SMEs within the scope of consumer credit regulations.
“Jeremy has been our trusted legal and regulatory adviser in helping MAG SPA pursue its UK business strategy.”
Browne Jacobson’s corporate finance lawyers have advised leading private equity investor, Rcapital Partners LLP (Rcapital) on its majority stake acquisition of managing general agents (MGAs), UK General Insurance Ltd (UKG) and Precision Partnership Limited (PPL) alongside Montague Investment Group LLP who are taking a minority stake.
COP 26 is the global United Nations climate change Summit, which will take place in Scotland in November. It comes at a time when climate change, and how to reduce greenhouse gas emissions, is at the top of the political agenda.
Wider and accelerated consolidation among insurance intermediary firms (eg authorised insurance brokers. and managing general or other underwriting agents, and their appointed representatives) seems highly likely this year and next.
The aim of the newsletter is to provide our clients and contacts across the financial services market with quarterly updates and insights on topical legal and regulatory issues.