Stephen Harvey QC
Public Law & Regulatory
Stephen has spent some time over the past five years advising on the ever-increasing volume of regulation affecting the financial sectors.
He is shortly to be instructed by an overseas investment bank in relation to its obligations under the European Market Infrastructure Regulations (MMIR), the Markets in Financial Instruments Directive (MiFID II), the obligations that the Foreign Account Tax Compliance Act (FATCA) imposes (introduced by the American government with effect from July 2013) and of its responsibilities under the Dodd-Frank Act.
The economic situation has also seen a growth in the number of small to medium sized businesses enter the ‘Peer to Peer’ lending market. Stephen is currently advising a small British PLC wishing to create a peer to peer lending operation on the regulatory framework attaching to such an operation and Stephen has commenced the drafting of the documentation required for use in this new venture.
- R v C Z – Successfully argued for a low-level penalty having analysed in microscopic detail the way in which the breaches of the regulations had come about. The fines imposed were 1/5th of those expected.