Mark Simpson

Mark Simpson

Partner
Baker & McKenzie Services Limited

Biography

Mark Simpson is a partner in the Financial Services & Regulatory Group in the London office where he practices in the areas of financial regulation, financial crime, and regulatory investigations. He is a member of the Firm's EMEA Financial Services & Insurance Steering Committee, as well as its Global Funds and FinTech Groups. He participates actively in industry bodies including the Alternative Investment Managers Association. He has authored a number of articles and other publications, most notably acting as a general editor of and contributor to the International Guide to Money Laundering Law and Practice, and A Practitioner's Guide to the Law and Regulation of Financial Crime.

Practice Focus

Mark advises on a wide range of financial services legal and regulatory issues. Clients who Mark works for include asset managers, banks, broker-dealers, payment and e-money institutions, insurers and brokers, and FinTechs. He advises throughout the lifecycle of regulated businesses - on launch and authorisation, global expansion, business and product innovation, new regulatory developments, and on responding to regulatory enquiries and investigations. He also advises on corporate and commercial transactions in the financial services sector. His experience spans the full scope of EU and UK financial regulations, covering prudential as well as conduct of business requirements, anti-money laundering and financial crime. As well as his commercial client base, Mark has advised governmental bodies on the development of financial services laws.

Representative Legal Matters

  • Acting for a number of financial institutions including AIFMs, investment firms, banks, payment/e-money institutions and insurance intermediaries in respect of authorisation applications before the PRA, FCA and FSA.

  • Advising a number of large financial institutions on the development and execution of their BREXIT contingency plans.

  • Advising a major Eurozone headquartered bank on the establishment of its London branch and on the Senior Managers & Certification Regime.

  • Advising numerous clients on the impact of major EU-level and other international regulatory reforms, most recently, advising a G-SIFI on the impact of MiFID 2 on its records management requirements, and on the impact of the PRIIPs Regulation and MiFID 2 on Exchange Traded Funds.

  • Acting for one of the UK's fastest growing FinTechs (ranked in the Sunday Times Top 100 fastest growing Tech companies in the UK) in respect of its compliance with MiFID 2, PSD 2, Brexit issues, and its international expansion outside Europe.

  • Advising a number of global asset managers on the marketing of funds in compliance with the AIFMD and other laws on funds distribution globally.

  • Acting for the investment adviser in respect of a listing of an investment trust on the London Stock Exchange.

  • Advising a number of financial institutions on financial crime risk assessments, policies and procedures, most recently in respect of the Fourth EU Money Laundering Directive and the UK Corporate Criminal Offence of Failure to Prevent the Facilitation of Tax Evasion.

  • Acting for numerous individuals in connection with cross-border investigations into allegations of LIBOR and FX manipulation by the FSA, FCA and overseas regulatory and law enforcement authorities.

  • Advising the unsecured creditors of Lehman Brothers International (Europe) Limited in respect of proceedings before the High Court and the Court of Appeal in respect of applications for directions on the return of client money.

Professional Associations and Memberships

  • Law Society of England & Wales

Admissions

  • England & Wales~United Kingdom (2008)

Education

  • Oxford Institute of Legal Practice (L.P.C.) (2005)
  • Oxford Brookes University (C.P.E./G.D.L.) (2004)
  • Oxford University (Somerville College) (M.A.) (2003)

Languages

  • English
  • French