Jonathan Herbst (UK)

Firm/Organization: Norton Rose Fulbright

Blogs: Financial services: Regulation tomorrow

Latest Articles

London 40 minute briefing series – new dates for September to November

By Jonathan Herbst (UK), Hannah Meakin (UK) & Imogen Garner (UK) on August 15, 2019

The Norton Rose Fulbright LLP financial services team invite you to their latest breakfast briefings. Our latest series of briefings cover some of the key regulatory developments facing financial services firms: 4 September 2019: The clock is ticking on SMCR compliance. In this practical workshop conducted under Chatham House rules the Norton Rose Fulbright SMCR implementation team look at some of the last minute thorny issues that FCA solo regulated firms are dealing with as…

Financial services: Regulation tomorrow

Back to basics: AML

By Jonathan Herbst (UK), Lisa Lee Lewis (UK), John Coley (UK), Hannah Meakin (UK), Katie Stephen (UK) & Imogen Garner (UK) on June 14, 2019

On 3 July 2019, our financial services team will be holding its next 40 minute briefing, discussing key anti-money laundering (AML) developments. This event will take the form of a webinar; registration and further details can be found here. This briefing will discuss, amongst other things: The changes under the Fifth Anti-Money Laundering Directive High risk customers including politically exposed persons Key themes arising from FCA anti-money laundering enforcement action…

Financial services: Regulation tomorrow

ESMA clarifies its position on the share trading obligation in a hard Brexit

By Jonathan Herbst (UK), Hannah McAslan (UK) & Luke Rodgers on May 30, 2019

On 29 May 2019 ESMA released a statement clarifying its position on the share trading obligation in a hard Brexit scenario. In its view, all EU27 shares, i.e. ISINs starting with a country code corresponding to an EU27 Member State and, in addition, shares with an ISIN from Iceland, Liechtenstein and Norway are within the scope of the share trading obligation under EU MiFIR and must therefore be traded on an EU venue. Shares with…

Financial services: Regulation tomorrow

Upcoming 40 Minute Briefing: The future of market conduct

By Jonathan Herbst (UK), Imogen Garner (UK), Hannah Meakin (UK), Katie Stephen (UK), John Coley (UK) & Lisa Lee Lewis (UK) on May 8, 2019

Our Financial Services team invite you to attend our 40 minute briefing on the future of market conduct. We are now in a critical period where the FCA is focussing on how firms have embedded the reforms that were introduced in 2018. For example, the FCA’s CEO, Andrew Bailey, has recently stated that the regulator has been carrying out a multi-firm review into the MiFID II rules on investment research and that formal feedback will…

Financial services: Regulation tomorrow

Extended briefing with FCA guest speaker: SM&CR Academy

By Imogen Garner (UK), Hannah Meakin (UK), Jonathan Herbst (UK), Lisa Lee Lewis (UK), John Coley (UK) & Paul Griffin (UK) on April 29, 2019

In our extended briefing this Wednesday, we are joined by David Blunt (Head of Conduct Specialists Department, FCA) who will discuss the purpose of the SM&CR and the importance of preparing for the new regime, ensuing that it is embedded into firms’ DNA as a business as usual process. Breakout sessions will follow involving colleagues from our employment law and compliance teams. For more information on the event, or to register your attendance, please click…

Financial services: Regulation tomorrow

Extended briefing with FCA guest speaker: SM&CR Academy

By Jonathan Herbst (UK), Imogen Garner (UK), Hannah Meakin (UK) & Peter Snowdon (UK) on April 12, 2019

The first phase of the Senior Managers’ and Certification Regime (SM&CR) was introduced for about 900 banks and deposit takers in March 2016. On 9 December 2019, the FCA is extending this regime to over 47,000 other firms. The basic principle of the SM&CR is that of responsibility and accountability, it is the antidote to decision-making by default. Firms will need to make changes to their compliance and HR systems and procedures if they are…

Financial services: Regulation tomorrow

Extended briefing: Brexit and the future of economic partnership for financial services

By Jonathan Herbst (UK), Imogen Garner (UK), Hannah Meakin (UK) & Peter Snowdon (UK) on April 8, 2019

The recording of our latest 40 minute briefing on Brexit and the future of economic partnership for financial services is available for free here. Please note that this recording omits the segment delivered by HM Treasury which was conducted under Chatham House rules.…

Financial services: Regulation tomorrow

Extended briefing – Brexit and the future economic partnership for financial services

By Jonathan Herbst (UK), Hannah Meakin (UK), Imogen Garner (UK) & Peter Snowdon (UK) on April 2, 2019

On 3 April 2019, we will be holding an extended financial services breakfast briefing on Brexit. Many financial services firms have already executed their Brexit contingency plans and in this briefing partners from the Norton Rose Fulbright LLP financial services team will discuss what they have been seeing in three key sectors: banks, buy-side and sell-side. In addition, we are pleased to be joined by Dashiell Caldwell, Deputy Director of Financial Services at HM Treasury…

Financial services: Regulation tomorrow

Brexit: What’s next

By Jonathan Herbst (UK), Imogen Garner (UK) & Joe Bamford (UK) on March 18, 2019

The online recording of our webinar ‘Brexit: What’s next’ is now available for viewing here. In this webinar, members of our financial services team discuss recent developments with regards Brexit and their impact on the financial services sector.…

Financial services: Regulation tomorrow

Brexit: what’s next ?

By Jonathan Herbst (UK), Imogen Garner (UK) & Joe Bamford (UK) on March 15, 2019

Following a series of crucial votes in the House of Commons this week, the financial services team in London hosted a webinar this morning exploring the impact of these on financial service firms. Listen to the webinar here…

Jonathan Herbst (UK)

London 40 minute briefing series – new dates for September to November

Back to basics: AML

ESMA clarifies its position on the share trading obligation in a hard Brexit

Upcoming 40 Minute Briefing: The future of market conduct

Extended briefing with FCA guest speaker: SM&CR Academy

Extended briefing with FCA guest speaker: SM&CR Academy

Extended briefing: Brexit and the future of economic partnership for financial services

Extended briefing – Brexit and the future economic partnership for financial services

Brexit: What’s next

Brexit: what’s next ?

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