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Simmons & Simmons

CITYPOINT, ONE ROPEMAKER STREET, LONDON, EC2Y 9SS, ENGLAND
Tel:
Work +44 20 7628 2020
Fax:
Fax +44 20 7628 2070
DX:
12 LONDON CHANCERY
Email:
Web:
www.simmons-simmons.com

Penny Miller

Tel:
Work 020 7825 3532
Email:
Simmons & Simmons

Position

Penny is a partner in the financial services regulation practice, which forms part of the firm‚Äôs financial markets practice. Penny specialises in a wide range of UK and EU regulatory matters focusing on advising financial institutions on product regulation and the impact of current and future regulation on transactions relating to derivatives, structured finance and retail structured products. Penny also advises clients on the ongoing global regulatory reforms. Penny is involved in navigator, the Simmons & Simmons online regulatory subscription service, which provides information in relation to over 90 jurisdictions ‚Äď her key focus is on navigator: securities and navigator: derivatives. Penny regularly presents to clients on key aspects of current regulatory change and is closely involved in trade association discussions and responses to EU and other regulatory bodies.

Career

Trained Simmons & Simmons, qualified 1997.


London: Corporate and commercial

Financial services: contentious

Within: Financial services: contentious

Simmons & Simmons’ broad expertise includes advice on Brexit, the Senior Manager and Certification Regime (SMRC) and Markets in Financial Instruments Directive II, for a range of clients including asset management companies, investment banks, brokerage houses, general insurance and life assurance companies. The non-contentious regulatory team is led by Charlotte Stalin, who focuses on UK and European financial services regulation; and SMRC specialist Penny Miller. Their team includes regulatory expert Jonathan Melrose, who is experienced in the structure and operation of financial services businesses and market conduct issues. The contentious practice is best known for its experience in contentious regulatory investigations, including potential misconduct, systems and controls breaches and individual accountability, as well as advising on internal investigations and rule-based breaches. Richard Sims leads on this side and specialises in large scale matters, conduct risk and internal investigations. He can call on the expertise of Emma Sutcliffe, who is notable in financial regulatory investigations, enforcement actions and whistleblowing.

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Financial services: non-contentious/regulatory

Within: Leading individuals

Penny Miller - Simmons & Simmons

Within: Financial services: non-contentious/regulatory

Simmons & Simmons’ broad expertise includes advice on Brexit, the Senior Manager and Certification Regime (SMRC) and Markets in Financial Instruments Directive II, for a range of clients including asset management companies, investment banks, brokerage houses, general insurance and life assurance companies. The non-contentious regulatory team is led by Charlotte Stalin, who focuses on UK and European financial services regulation; and SMRC specialist Penny Miller. Their team includes regulatory expert Jonathan Melrose, who is experienced in the structure and operation of financial services businesses and market conduct issues. The contentious practice is best known for its experience in contentious regulatory investigations, including potential misconduct, systems and controls breaches and individual accountability, as well as advising on internal investigations and rule-based breaches. Richard Sims leads on this side and specialises in large scale matters, conduct risk and internal investigations. He can call on the expertise of Emma Sutcliffe, who is notable in financial regulatory investigations, enforcement actions and whistleblowing.

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London: TMT (technology, media and telecoms)

Fintech

Within: Fintech

Simmons & Simmons' fintech clients include major banks, financial institutions, investors and start-ups, which it advises on employment issues, investments and M&A, supply contracts, and repackaging platforms. On the regulatory side the group handles applications to the FCA for banking licenses and authorisations, ad also advises on cryptocurrency regulatory matters, ICOs and trade mark protection. Practice Head Angus McLean, whose clients include investment banks, software developers and start-ups, advises on technology issues in the financial services sector and has notable expertise in intellectual property law. Penny Miller specialises in UK and EU regulatory matters, where she advises clients on all aspects of financial services regulation; she is acting for the British Business Bank in relation to its designation of Alternative Finance Platforms. Associate Sophie Lessar focuses on payments, regulated lending and consumer protection, and frequently assists financial institutions with product developments.

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Legal Developments by:
Simmons & Simmons

  • Failure to counter financial crime: Norwich Union Life

    In December 2007, the Financial Services Authority (FSA) imposed a fine of £1.26m on Norwich Union Life (part of the Aviva Group), one of the largest life insurance businesses in the UK with around seven million customers. The fine related to failures to take reasonable care to establish and maintain effective systems and controls for countering the risks of financial crime. The fine is the latest confirmation of the emphasis being placed on protecting clients and customers from the threat of financial crime.
    - Simmons & Simmons

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