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Mark Simpson

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Mark heads the Financial Services Regulatory (FSR) practice group in London and co-leads the FinTech group. He also acts as Chair of the FSR practice for the EMEA region and sits on the Global FSR Steering Committee. Mark is ranked as a Leading Individual in Legal 500 2022 for Financial Services (Non-Contentious Regulatory) and is individually ranked in Chambers 2022 for FinTech. He is described in these publications as being "very knowledgeable" and "very approachable" with "a wonderful range of FinTech experience" and as someone who is "clear, commercial and pragmatic and understands all the issues in detail." He has authored a number of articles and contributions for leading journals and other publications, most notably the Journal of International Banking and Financial Law, the International Guide to Money Laundering Law and Practice, and A Practitioner's Guide to the Law and Regulation of Financial Crime. Mark advises clients on a wide range of financial services legal and regulatory issues throughout the business lifecycle. Clients who Mark works for span the financial services and FinTech sectors, and include payment and e-money institutions, asset and wealth managers, broker-dealers, cryptoasset firms, consumer lenders, banks, insurers and brokers. Mark has a particular focus on the FinTech sector, advising rapidly scaling organisations on all manner of issues, including on their business expansion in the UK and globally. Issues that Mark advises on include business launches and regulatory authorisation, expansion, business innovation, new regulatory developments, and on responding to internally identified regulatory issues as well as external regulatory enquiries and investigations. As well as his commercial client base, Mark has advised governmental bodies on the development of financial services laws. Mark is knowledgeable in AML and financial crime issues, and alongside his financial services and FinTech work, Mark advises the Firm's corporate client base on financial crime related issues.
In Financial Conduct Authority

United Kingdom: Recent FCA enforcement action – Key takeaways for compliance officers

by , and 9 Mins Read

In brief On 13 February 2024, the FCA issued a Final Notice to Floris Jakobus Huisamen, the former director and compliance officer of London Capital & Finance plc (LCF), fining him GBP 31,800 and banning him from working in financial services in relation to misconduct connected to financial promotions issued by LCF. This Final Notice follows the FCA’s previous censure of LCF in October 2023 for connected behaviour. In this alert we draw out the key takeaways that compliance…