Millie Jessel

Financial Services Regulatory, Managing Associate, Simmons & Simmons

Millie is a managing associate in our Financial Services Regulation practice. Millie’s primary focus is advising institutional managers, investment banks, private banks and wealth managers (both in the UK and globally) on a wide range of UK and EU regulatory matters, including advice on MiFID2, UCITS, AIFMD, SMCR, compliance with the FCA rules, compliance policies and procedures and ESG issues. In addition, she has coordinated a significant number of regulatory change projects, including FCA authorisation applications.

Contributed to

1

The FCA Consumer Duty—application to asset managers

Practice Notes

This Practice Note considers the implications of the Financial Conduct Authority (FCA)’s Consumer Duty (Duty) for FCA authorised asset managers (managers of alternative investment funds (AIFs) and undertakings for collective investment in transferable securities (UCITS) and investment managers). In particular, it considers the main elements of the Duty, including its application and scope, the Consumer Duty principle, the cross–cutting rules and the four outcomes as they apply to asset management firms.

Financial Services