Partner & Head of the Global Financial Services Regulatory practice across Europe, Asia & the Middle East, Simmons + Simmons

Penny is a partner at Simmons + Simmons and Head of the Global Financial Services Regulatory practice across Europe, Asia and the Middle East bringing together a global team to clients, advising on the synergies and divergences between different jurisdictions with a team of over 200 lawyers.

Penny specialises in a wide range of UK and EU regulatory matters including advising a significant number of firms on the implementation and ongoing compliance and enforcement issues relating to the Senior Managers and Certification Regime (SMCR), managing related governance, conduct risk and culture issues and the Consumer Duty. Penny is part of a group of partners who advise in a joined up way across practice areas on all aspects of corporate governance, culture, remuneration and risk. Penny regularly advises the C suite including Boards and Senior Managers on critical strategic issues and FCA engagement and has a real trusted adviser status with some of the world’s largest and most significant institutions.

Penny has advised extensively on the FCA Consumer Duty and the forthcoming European retail investment strategy and its impact across investment bank and asset manager manufacturers, to private bank and wealth distributors and mass retail facing organisations.  She is now focussing on the UK CCI regime which replaces the PRIIPS Regulation and is of significant relevance to investment bank and asset manager clients in terms of changes to UCITS KIIDs and PRIIPs KIDs for, amongst other products, structured products and derivatives. Simmons + Simmons have held the pen on the responses of the UK Structured Products Association and AFME on their responses to the CCI Consultation Paper.