Sumit Indwar

Partner

Londra

Sumit advises global institutions – including major investment banks, asset managers, private equity houses and fintech companies – on a broad range of financial regulatory matters so they can operate, innovate and grow with confidence.

He counsels clients on the full lifecycle of financial services legal and regulatory matters, including licensing, ongoing conduct of business issues (including under the MiFID and AIFMD regimes), regulatory change implementation, product categorisation, governance within financial institutions, payments and digital assets, the cross-border sale of financial products, market misconduct and anti-money laundering.

Sumit is able to draw on his extensive international experience across the UK, Europe and Asia to help clients manage cross-border regulatory risk and seize opportunities in multiple markets.

Major global institutions turn to Sumit for guidance on large scale and wide-ranging UK, EU and Hong Kong regulatory change projects, including on the implementation of MiFID II, Brexit, the UK Consumer Duty, MAR, the Senior Managers and Certification Regime, the ring-fencing regime and the second European Payments Services Directive. For fintech clients, he advises on innovative financial service offerings including robo-advice, crypto-related structures and initial coin offerings.

Sumit also works closely with transactional teams to address the regulatory aspects of M&A, corporate finance and banking transactions, ensuring that deals move forward on a sound regulatory footing.

He regularly advises clients and industry groups on emerging regulatory developments and assists with responses to regulatory consultations and lobbying on issues affecting the financial services industry.

Incarichi
Advisory (non-transactional)
- Advised major global investment banks on a large variety of regulatory matters including in relation to strategic structural change, senior management and governance-related issues and flow advisory mandates.
- Advised a major UK retail banking group on many major strategic matters including on the regulatory aspects of the spin-off of regulated businesses, implementation of the Senior Managers’ Regime and ring-fencing.
- Advised a major UK private equity sponsor on a wide variety of house compliance and flow regulatory matters including in relation to Senior Manager and Certification Regime queries; FCA conduct of business rules; MiFIDPRU and related regulatory capital questions on investment firm grouping; conflicts of interest; and cross-border licensing.
- Advised many of the largest international banks on a major regulatory change impacting the conduct of bookbuilding on capital markets transactions.
- Advised on the operationalisation of one of the first virtual banks in Hong Kong.
- Advised a number of global private equity businesses on options for operating within the UK, including assisting with getting them set up as “appointed representatives”.
- Conducted a mock inspection on a buy side firm to prepare it for routine regulatory audits, including briefing their most senior management.
- Shadowed a major buy side firm’s actual regulatory audit process to assist with strategy and responses.
- Advised several major international banks on private wealth-related matters such as complicated cross-booking models and related Terms and Conditions.
- Advised a major bulge-bracket US bank on a large re-papering exercise in relation to its private wealth clientele across multiple jurisdictions.
- Advised several major Swiss-based banks on cross-border licensing matters.
- Advised a number of North American pension funds on a variety of UK and EU regulatory / licensing matters.
- Advised a payments firm on its FCA authorisation.
- Advised a number of major international investment banks and retail banks on the implementation of the SMCR.
- Advised a number of major international banks and buy side firms on the implementation of the Hong Kong Manager in Charge Regime (the Hong Kong version of the SMCR).
- Prepared a senior executive of a major North American bank for their PRA interview.
- Advised a major US bulge bracket bank on the licensing and conduct of business issues related to an insurance-related derivatives business.
- Advised a major Japanese technology company on a variety of licensing and conduct of business matters.
- Advised many ex-European institutions on the cross-border distribution of funds and other financial products.
- Advised two major professional services firms on a variety of regulatory issues including in relation to perimeter / licensing matters, Consumer Duty scoping and client categorisation.
- Advised major listed companies on the regulatory issues associated with their employee share plans.
Advisory (transactional)
- Advised a pan-Asian healthcare focused private equity sponsor on the regulatory aspects of its merger with a UK-based sponsor in the same sector.
- Advised a major private equity sponsor on the regulatory aspects of a public takeover of a pan-African payments business.
- Advised a major European cloud-based business software provider on the regulatory aspects of its proposed IPO.
- Advised one of the largest insurers in the APAC region on the regulatory aspects of its potential IPO in Hong Kong
- Advised private equity sponsors on the application of the AIFMD anti-asset stripping rules to acquisitions and related structuring.
- Advised a large number of global businesses (regulated and unregulated) on navigating regulatory change of control regimes, including in the context of complex private equity holding structures.
- Advised several private equity sponsors on the regulatory aspects of “GP stakes” deals.
- Advised a major UK banking group on the regulatory aspects of a spin-out and listing of a regulated banking sub-group.

Mostra di più

D: +44 20 7862 4600
E:[email protected]

Indirizzo:

107 Cheapside
London, EC2V 6DN
United Kingdom

vCard

Aree di competenza

Abilitato in
- England and Wales

Formazione
- Downing College, University of Cambridge, M.A., Law, 2007
- Oxford Institute of Legal Practice, Legal Practice Course, 2004, with distinction
- Downing College, University of Cambridge, B.A., Law, 2003

Lingue
- English