
Lucy Dodson
Biography
Lucy is a a financial services regulation lawyer working in Abu Dhabi and London. Her practice focuses on asset management, market infrastructure and commodities derivatives.
Lucy advises on all aspects of compliance with relevant PRA and FCA requirements and have particular experience of asset management, brokerage, exchange trading, clearing, settlement, custody, client money and wholesale conduct. She helps clients understand and implement financial services legislation and helps them with global projects to which these issues are relevant.
Lucy’s clients include both financial institutions and unregulated entities such as the trading and treasury teams of corporates.
Lucy’s experience includes a secondment at a global Investment Bank and financial services company, a global trading venue and clearing house and a benchmark administrator.
Professional experience
Representative experience
Representative experience
· Trading – Drafting and advising on brokerage documentation. Advising on UK and EU regulatory trading requirements and financial promotion issues and drafting appointed representative agreements. Advising market participants on exchange and clearing house rules and access requirements.
· OTC derivatives – Advising on clearing and risk mitigation requirements under EMIR. Negotiating clearing agreements between CCP clearing members and their counterparties.
· Market infrastructure - Advising trading venues (regulated markets, MTF and OTF) and clearing houses on compliance with their regulatory requirements in the UK and EU. Advising trading venues on amending exchange and CCP rules to accommodate new products and for amendments required by legislation. Part of the core team which set up one of the first EMIR compliant trade repositories.
· Asset Management – Advising asset managers on compliance with current and upcoming regulation and negotiating key documents such as Investment Management Agreements.
· Benchmarks – Advising on the regulation of EU and UK benchmark administrators under the BMR. Advising on recognition and equivalence arrangements for third country benchmarks. Advising on systems and controls for benchmark contributors. Drafting BMR benchmark administrator guides/ rulebooks and BMR compliant benchmark statements.
· Licensing advice – Advising clients on authorisation requirements and UK and EU exclusions and exemptions. Advising on hedging transactions and the regulatory perimeter. Providing advice in relation to structuring global groups to minimise regulatory burdens.
· FCA applications or notifications – Assisting clients with authorisation applications, change of control analysis and applications and FCA notifications.
· Reporting obligations and position limits - Advising on EMIR reporting obligations and UK and EU reporting obligations, position reporting and position limits.
· Trading and surveillance – Advising on the Market Abuse Regulation, including manipulative behaviours, disorderly trading on venues and benchmark manipulation.
· Outsourcing – Review and negotiation of intragroup and outsourcing agreements and ensuring their compliance with regulatory requirements including FCA requirements and EU DORA.
· Advising on FCA regulatory requirements such as the Senior Managers Regime and Client Assets regime.
· Lucy's experience includes a secondment to Norton Rose Fulbright LLP's Hong Kong office, and client secondments to a global derivatives marketplace which operates a number of exchanges and multi-lateral trading venues and a clearing house; a benchmark administrator, an asset manager and a global insurer.
Admissions
Admissions
- Solicitor, qualified in England & Wales