Harry has long-standing expertise in financial markets regulation, and regularly advises banks, broker-dealers, investment managers and other financial services institutions on all issues related to their regulated status. In addition, he offers guidance on perimeter issues, such as authorisation requirements, market abuse and market conduct requirements, as well as wholesale market infrastructure. Recently, Harry has been advising on MiFID II and Brexit issues for a broad range of financial service institutions as well as industry bodies. Harry is a market-leading expert on clearing platforms, advising both banks and Central Clearing Counterparties (CCPs) on a number of projects involving the structure of clearing arrangements across a wide range of product types, including credit default swaps (CDSs), IRS, commodities and foreign exchange (FX) products. Harry has leveraged his regulatory and market expertise over the years in relation to FinTech, advising BrokerTec and SwapsWire on the establishment of electronic trading and post-trade platforms. Harry continues to be a leader in this field, currently advising a consortium of banks on FinTech issues and being a regular speaker at FinTech events. Harry spent more than four years with a major investment bank, covering equity derivatives, advising on the structuring and distribution of derivative products. This experience gave Harry particular insight into the way in which financial institutions operate and a deep understanding of complex financial instruments.Work highlights: Harry has an extensive financial regulatory practice. The breadth of his practice includes advising, among others: Regulatory change: advising on the implications of the Markets in Financial Instruments Directive (MiFID2). Other recent matters have included advising on market conduct, the foreign exchange (FX) remediation programme, the senior managers regime (SMR), the impact of the senior management arrangements, systems and controls (SYSC) regime and Client Assets and Money (CASS) implementation New structures: advising on the creation and structuring of trading and clearing platforms, including NASDAQ, OTCDeriv and a consortium in the process of setting up a precious metals exchange and clearing platform Pre-contentious regulatory: advising on various FX reviews and remediation and market conduct investigations, including advising major banks on their policies and procedures to comply with the senior managers function (SMF) Contentious regulatory: advising a number of major banks on FX manipulation investigations and market abuse and conduct reviews, as well as carrying out “Shadow S166” reviews alongside regulators Financial sector corporate activity: advising on the financial regulatory aspects of IPOs and other corporate transactions
England - London • TMT (technology, media and telecoms)
Linklaters LLP
A diverse mix of financial institutions, payment servicers providers and disruptive start-ups turn to Linklaters LLP for its ‘excellent guidance through the relatively uncharted waters of fintech’. The team is especially well regarded for its expertise across blockchain, the digitialisation of financial markets and products, payment systems, investment in fintech, and data and tech investigations, enforcement and litigation proceedings. Global practice co-head Julian Cunningham-Day is equipped to advise on the commercial and regulatory aspects of complex collaborations, while fellow global co-head Harry Eddis is an authority on novel ways to deliver payments services. Fionnghuala Griggs, also a global co-head, frequently advises on M&A deals in the fintech arena. UK head of fintech Richard Hay’s workload includes international projects involving digital securities, while Michael Voisin is noted for his wide-reaching work on derivatives-related activities. Ben Packer, Lisa Chang and Sam Quicke are further key contacts at the firm.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
‘The team has lawyers with strong payments experience and provides timely client updates on relevant issues.’
‘Jean Price provides great practical advice.’
The team is excellent at guiding a client through the relatively uncharted waters of fintech. They gave first class advice that presciently anticipated many of the risks that materialized with the turbulence of the crypto market.'
Richard Hay is a stand out lawyer. He is able to explain complex concepts and risks in simple language. He is also able to accompany clients well during the development phase of a fintech project when the client is moving fast, breaking things and experimenting.'
'Exceptional service levels and engagement from day one. They are always on hand and provide the best service possible. Synced and operating at the highest levels, at all times.'
Key clients
- Fnality International Ltd, Fnality UK Ltd
- United Nations High Commissioner for Refugees (UNHCR –The UN Refugee Agency)
- International Swaps and Derivatives Association, Inc.
- Wise
Work highlights
- Continuing to act on a project for Fnality International Ltd to develop a new global wholesale payment system based on blockchain technology.
- Advised Revolut on a number of matters, including advising on its series E funding round led by SoftBank.
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Practice head
The lawyer(s) leading their teams.
Julian Cunningham-Day, Harry Eddis, Fionnghuala Griggs, Richard Hay