Enforcement Watch Issue 23 | August 2017

Menu

Services
Corporate

Dispute Resolution

Employment

Intellectual Property

Mishcon Private

Real Estate

Data

Investigations

Purpose

Regulatory

Mishcon Singapore

MDR Group
Betting & Gaming

Blockchain

Business Immigration

Competition Law

Corporate Advisory: Singapore

Corporate Lending

Corporate Lending: Singapore

Corporate Real Estate

Families in Business

Funds & Financial Services

Insurance

Limited Liability Partnerships

MDR Brand Management

Mergers & Acquisitions

Private Equity

Public Company

Regulatory

Reorganisations

Reputation Protection & Crisis Management

Shareholder Activism

Tax

Sectors

We have deep expertise in a number of sectors and industries

The Leap Hub

The Leap is an initiative to identify 100 of the most exciting, fast-growing companies in the UK. Keep up to date with events and news about The Leap.

M:Tech

Legal mentoring and advice for early-stage tech companies
Anti Money Laundering

Brands

Charities, not for profit & philanthropy

Commercial Contracts

Commercial Litigation

Competition Law

Construction

Extradition

Finance & Banking Disputes

Fraud

Fraud Defence & Business Disputes

Group Litigation

Insolvency & Restructuring

Insurance

International Arbitration

Int. Franchising & Brand Extension

Maritime Services

Mishcon Tulip

Patents

Political Disputes & Human Rights

Practical guidance for COVID-19

Private Prosecutions

Professional Discipline

Professional Negligence

Public Advocacy

Regulatory

Reputation Protection & Crisis Management

Reshaping Businesses & Relationships

Sanctions

Supervising Solicitors

Tax Disputes & Investigations

White Collar Crime & Investigations

Sectors

We have deep expertise in a number of sectors and industries
Bonus Disputes

Business Immigration

Director & Shareholder Disputes

Discrimination, Bullying & Harassment

Gender Pay Gap Reporting

HR Advisory & Employment Documentation

Incentives & Remuneration

LLPs & Partnerships

Mishcon Enable

Practical guidance for COVID-19

Redundancy & Restructuring

Tax

Team Moves & Restrictive Covenants

SMCR

Transactional Support & TUPE

Whistleblowing

Worker Status & the Gig Economy

Sectors

We have deep expertise in a number of sectors and industries

Businesses

We advise on the full spectrum of contentious and non-contentious employment law, with experience in managing complex, high profile and high stake situations.

Individuals

We work with senior executives, CEOs, founders and board members to manage their personal employment law needs.
Anti-counterfeiting & Piracy

Art Law

Brands

Commercial Contracts

Intellectual Property Disputes

Int. Franchising & Brand Extension

MDR Brand Management

Mishcon Tulip

Patents

Reputation Protection & Crisis Management

Sectors

We have deep expertise in a number of sectors and industries

Mishcon Singapore

Our new Singapore office

MDR Brand Management

Find out more
Art Law

Charities, not for profit & philanthropy

Estate Administration & Probate

Family

Immigration

LGBTQ+ Community

Luxury Assets

Purpose

Political Disputes & Human Rights

Practical guidance for COVID-19

Private Commercial Litigation

Private Wealth Disputes

Public Advocacy

Reputation Protection & Crisis Management

Residential Property

Tax

Wealth Structuring

Sectors

We have deep expertise in a number of sectors and industries

Mishcon Purpose

Managing risk, building resilience, transitioning to sustainability.

Law of Tomorrow

The rules of business and society have changed. How will you embrace the opportunities?
Alternative Asset Classes

Construction

Corporate Real Estate

Debt Advisory

Planning & Environment

Property Litigation

PropTech

Real Estate Development

Real Estate Finance

Real Estate Investment

Residential Property

Tax

Sectors

We have deep expertise in a number of sectors and industries

Law of Tomorrow

The rules of business and society have changed. How will you embrace the opportunities?
Corporate Advisory: Singapore

Corporate Lending: Singapore

International Arbitration: Singapore

International Tax & Wealth Structuring: Singapore

Mergers & Acquisitions: Singapore

Restructuring & Insolvency: Singapore

Sectors

We have deep expertise in a number of sectors and industries

Mishcon Academy: Digital Sessions

A series of online events, videos and podcasts.
MDR Brand Management

MDR Cyber

MDR Discover

MDR Mayfair

MDR Brand Management

Find out more
About us
We now employ more than 900 people with over 500 lawyers offering a wide range of legal services to companies and individuals.
About us

It’s business. But it’s personal

Equality, Diversity and Inclusion

Embracing a Diverse and Inclusive Culture

International

An international community of clients

Social Impact

Impacting society positively
Mishcon Purpose

Managing risk, building resilience, transitioning to sustainability.
People
Mishcon de Reya has 169 Partners and Legal Directors and over 500 fee-earners in total.
Corporate

Key contact: Kevin McCarthy

Dispute Resolution

Key contact: Kasra Nouroozi

Employment

Key contact: Daniel Naftalin

Intellectual Property

Key contact: Jeremy Hertzog

Mishcon Private

Key contact: Nick Davis

Real Estate

Key contact: Stephen Hughes

Mishcon Singapore

Key contact: Tahirah Ara
Type here if you know the name of the staff member you are looking for.

Our central switchboard, available 24 hours a day, can be reached on +44 20 3321 7000
Latest
Get the latest updates about Mishcon and insights on things that matter straight to your inbox. Subscribe now.
News

Latest news from Mishcon

Our Work

Latest work from Mishcon

Media

Video, podcasts and interviews from Mishcon

Publications

In house publications from Mishcon

Events

Happening in and around Mishcon
Practical guidance for COVID-19

Find out more here

Mishcon Academy: Digital Sessions

A series of online events, videos and podcasts.
Join us
We foster a culture that embraces diversity, respect for the individual and the expression of talent.
Careers at Mishcon de Reya

Graduates

Solicitor Apprenticeship

Business Operations Apprenticeship
Mishcon Graduates

We believe successful lawyers are great shapers
Contact us
If you have an enquiry you can telephone us on +44 20 3321 7000,
e-mail us or use our online enquiry form.
London

Our location in Holborn

Singapore

Our Singapore office

Key contacts
Crisis Hotline

Please call our 24-hour emergency hotline +44 80 0260 0546 (international call charges will apply). For COVID-19 enquiries you can email coronavirus@mishcon.com.

Search Mishcon de Reya

Home
Latest
Publications
Enforcement Watch Issue 23 | August 2017

Enforcement Watch — Enforcement Watch
Issue 23 August 2017

Adam Epstein — Editor's Note

This edition highlights some real variety in the last 4 months of enforcement related activity and news. At one end, we consider some culture-focussed developments. At the other, we examine the implications on enforcement of a US appeal judgment. And the period is bookended by two significant speeches that send messages on the FCA's future approach to enforcement, one speech on investigations and the other on enforcement trends. We hope you find this edition interesting.
Read more

Enforcement Case Highlights

10 July 2017: FCA fines compliance officer in respect of pensions transfers and re-iterates its pensions focus - read more

19 July 2017: How a US determination could cause headaches for the FCA and PRA

8 August 2017: The Upper Tribunal Fines and Imposes a SIF Ban on Charles Palmer - read more

On the Horizon

Symington Outlines the FCA's Approach to Investigations - read more

Banking Standards Board consults on guidance for SMCR certification processes - read more

FCA consults on roll-out of SMCR to all authorised firms - read more

Consumer credit firms and complaints handling – are there problems down the line? - read more

Mark Steward speech reflects on FCA enforcement trends - read more

FCA fines compliance officer in respect of pensions transfers and re-iterates its pensions focus — FCA fines compliance officer in respect of pensions transfers and re-iterates its pensions focus

The FCA has fined David Samuel Watters £75,000 and removed his CF10 controlled function.
Read more

The Upper Tribunal Fines and Imposes a SIF Ban on Charles Palmer — The Upper Tribunal fines and imposes a SIF ban on Charles Palmer

The Upper Tribunal has upheld an RDC decision to fine Mr Palmer £86,961 and to prohibit him from holding any Significant Influence Function (SIF).
Read more

Symington Outlines the FCA's Approach to Investigations — Symington outlines the FCA's approach to investigations

On 15 June 2017, Jamie Symington (Director of Investigations at the Financial Conduct Authority) delivered a speech about the FCA's evolving approach to investigations.
Read more

Banking Standards Board consults on guidance for SMCR certification processes — Banking Standards Board consults on guidance for SMCR certification processes

On 13 July 2017, the Banking Standards Board (BSB) published its consultation on guidance to help Banks navigate the process of certification under the Senior Management and Certification Regime (SMCR).
Read more

FCA publishes its Business Plan — FCA consults on roll-out of SMCR to all authorised firms

As readers of this publication will be aware, the FCA has long planned to roll-out the Senior Managers and Certification Regime (SMCR) to all authorised firms (it currently just applies to Banks, certain investment firms and certain insurers).
Read more

Deutsche Bank Libor/Euribor settlement includes substantial Principle 11 fine — Consumer credit firms and complaints handling – are there problems down the line?

The FCA has written to consumer credit firms a Dear CEO letter dated 13 September 2017 about complaints handling.
Read more

Mark Steward speech reflects on FCA enforcement trends — Mark Steward speech reflects on FCA enforcement trends

In a speech on 20 September 2017, Mark Steward outlined some trends in FCA enforcement, and gave some indications about the future.
Read more

Previous Issues

Prev

Next

Search Mishcon de Reya

How can we help you?

How can we help you?

Subscribe: I'd like to keep in touch

If your enquiry is urgent please call +44 20 3321 7000