Daniel specialises in advising on the regulatory landscape across the entire financial services sector, with a particular focus on consumer finance, fintech and payment services. Daniel also has experience working with clients in the automotive sector to provide solutions that are both compliant and commercially realistic, and is regularly featured in Automotive Management Magazine.
Daniel provides practical advice to clients on complying with their regulatory obligations, including on the impact and integration of technology with financial services. Daniel’s experience includes advising on securing FCA authorisation, appointed representative relationships, mergers and acquisitions of regulated firms (including completing change in control notifications), ongoing compliance obligations (including implementing the Consumer Duty, the Senior Managers and Certification Regime (SMCR) and client money obligations), and the financial promotion regime. Daniel also regularly drafts a range of financial services documentation, including regulated consumer finance agreements and pre-contractual and post-contractual documentation, client agreements for financial advisers and discretionary managers, and appointed representative agreements.
Daniel has experience in conducting financial services litigation, advising on FOS complaints and representing firms and individuals facing regulatory enforcement action.
Daniel’s recent experience includes:
• Advising on the implementation of the FCA’s new Consumer Duty.
• Advising on a range of consumer credit and regulated mortgage contract issues, including on the upcoming regulation of the “Buy Now Pay Later” sector.
• Advising credit brokers and insurance intermediaries on their consumer documentation and sales processes.
• Successfully defending a national retailer in the automotive sector in relation to a high volume of FOS complaints and litigation in relation to mis-selling and secret commission claims brought by various law firms and claims management companies.
• Supporting several funeral plan providers on successfully applying for FCA authorisation, following the sector becoming regulated by the FCA in July 2022, including advising on the structuring of arrangements, all aspects of regulatory compliance and advising on and drafting key documentation, including trust and insurance arrangements backing the funeral plans, the terms and conditions of the funeral plans and key supporting documentation.
• Advising a building society, credit brokers, insurance intermediaries and personal pension providers on SMCR and regulatory references.
• Advising an insurtech start-up on its data driven home insurance product, including securing FCA authorisation,
advising on an ongoing basis on a number of legal issues and advising on and drafting its key agreements with its carriers and Appointed Representatives.
• Advising a multi-national retail chain on payment services and e-money requirements.
• Advising a fintech start-up on payment services and its key agreements in respect of its new product aimed at revolutionising how employees are paid.
• Advising clients on FCA investigations.