FCA Announces Changes in Its Executive Committee

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On December 6, the Financial Conduct Authority (FCA), the UK’s financial market regulator, announced changes to its Executive Committee. Following an open competition based on a newly completed recruitment exercise, the watchdog appointed Stephen Braviner Roman as General Counsel and made him a member of its Executive Committee. Braviner Roman, who is expected to join the FCA in February next year, comes from the Government Legal Department (GLD), where he has served as Director General of Prosecution, Justice and Security. At the (GLD), his role involved overseeing legal advice given to the Home Office, Ministry of War, Ministry of Justice and Department for Culture, Media and Sport. He is the leader of the GLD board on diversity and inclusion. In the past, Braviner Roman has led GLD in issuing legal advice on the UK’s departure from the European Union.

David Scott acted as General Counsel on an interim basis while the FCA engaged in its search for a possible candidate for the permanent appointment. Scott will continue to work at the FCA part-time during the period of assignment of duties to Braviner Roman.

Meanwhile, Megan Butler, the Executive Director of Transformation at the FCA, has announced that she will retire from her role in the spring. Butler joined the FCA in 2016 after she left the Bank of England as Executive Director of Investment Supervision, Wholesale and Specialist. Emily Sheppard will be in charge of the FCA’s Transformation Program, as well as fulfilling her current role as the Executive Director of Authorizations, a division where since March she has launched changes based on FCA’s approach to the entrance. She was in charge of leading a series of transformations and workflows at the agency.

Nikhil Rathi, Chief Executive Officer of the FCA, commented on the changes made by the Executive Committee and stated: “I want to thank David for his temporary leadership of the FCA. My colleagues and I have been, and will continue to be, grateful for his wise advice over the coming months.”

In addition, Braviner Roman spoke about the development and said: “I am excited to join the excellent team at the FCA. This is a crucial period for consumers, financial markets and FCA, and I look forward to getting started.”

Plans to address investment damage

The announced changes to the FCA’s Executive Committee come at a time when the watchdog remains committed to addressing the risks associated with cryptocurrencies. Earlier this year, the regulator urged consumers to do their research and assess the risks when dealing with cryptocurrencies. The agency issued a warning to consumers about the risks of investing in cryptocurrencies. The FCA listed five main risks and concerns associated with high-yield investments based on cryptocurrencies, including consumer protection, price volatility, product complexity, charges and fees, and market materials. In addition, the regulator recently wrote a letter to the CEOs of stock crowdfunding platforms to warn them that consumers are still making inappropriate risky investments despite the current market restrictions.

Investor marketing restrictions have been in place for many years with similar rules introduced for peer-to-peer lending platforms in 2019. However, the FCA has stated that it will monitor the activities of companies in the long run and hold senior managers accountable. actions of companies forward. The regulator urged crowdfunding firms to promote investment opportunities appropriately so that consumers can understand the risks posed by such speculative and risky investments. One of the main risks identified by the watchdog was that too many consumers are still investing in inappropriate high-risk investments that do not meet their needs as a result of technological advances and have made investing more accessible to the general public.

On December 6, the Financial Conduct Authority (FCA), the UK’s financial market regulator, announced changes to its Executive Committee. Following an open competition based on a newly completed recruitment exercise, the watchdog appointed Stephen Braviner Roman as General Counsel and made him a member of its Executive Committee. Braviner Roman, who is expected to join the FCA in February next year, comes from the Government Legal Department (GLD), where he has served as Director General of Prosecution, Justice and Security. At the (GLD), his role involved overseeing legal advice given to the Home Office, Ministry of War, Ministry of Justice and Department for Culture, Media and Sport. He is the leader of the GLD board on diversity and inclusion. In the past, Braviner Roman has led GLD in issuing legal advice on the UK’s departure from the European Union.

David Scott acted as General Counsel on an interim basis while the FCA engaged in its search for a possible candidate for the permanent appointment. Scott will continue to work at the FCA part-time during the period of assignment of duties to Braviner Roman.

Meanwhile, Megan Butler, the Executive Director of Transformation at the FCA, has announced that she will retire from her role in the spring. Butler joined the FCA in 2016 after she left the Bank of England as Executive Director of Investment Supervision, Wholesale and Specialist. Emily Sheppard will be in charge of the FCA’s Transformation Program, as well as fulfilling her current role as the Executive Director of Authorizations, a division where since March she has launched changes based on FCA’s approach to the entrance. She was in charge of leading a series of transformations and workflows at the agency.

Nikhil Rathi, Chief Executive Officer of the FCA, commented on the changes made by the Executive Committee and stated: “I want to thank David for taking the FCA’s legal role on a temporary basis. My colleagues and I have been, and will continue to be, grateful for his wise advice in the coming months.”

In addition, Braviner Roman spoke about the development and said: “I am excited to join the excellent team at the FCA. This is a crucial period for consumers, financial markets and FCA, and I look forward to getting started.”

Plans to address investment damage

The announced changes to the FCA’s Executive Committee come at a time when the watchdog remains committed to addressing the risks associated with cryptocurrencies. Earlier this year, the regulator urged consumers to do their research and assess the risks when dealing with cryptocurrencies. The agency issued a warning to consumers about the risks of investing in cryptocurrencies. The FCA listed five main risks and concerns associated with high-yield investments based on cryptocurrencies, including consumer protection, price volatility, product complexity, fees and fees, and market materials. In addition, the regulator recently wrote a letter to the CEOs of stock crowdfunding platforms to warn them that consumers are still making inappropriate risky investments despite the current market restrictions.

Investor marketing restrictions have been in place for many years with similar rules introduced for peer-to-peer lending platforms in 2019. However, the FCA has stated that it will monitor the activities of companies in the long run and hold senior managers accountable. actions of companies forward. The regulator urged crowdfunding firms to promote investment opportunities appropriately so that consumers can understand the risks posed by such speculative and risky investments. One of the main risks identified by the watchdog was that too many consumers are still investing in inappropriate high-risk investments that do not meet their needs as a result of technological advances and have made investing more accessible to the general public.

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