William Garner, Partner
William specialises in the financial services sector and leads the firm’s Broking, Trading and Markets practice and the regulatory side of the firm’s FinTech practice.
William is head of the firm's Financial Services Regulation & Funds group. He has advised on the structuring and establishment of numerous financial services businesses and investment funds. He also regularly assists clients throughout the UK authorisation process and has particular expertise in advising clients on a wide range of regulatory, trading and markets issues and perimeter issues.
William has a diverse range of clients including exchanges (regulated markets, multilateral trading facilities, organised trading facilities), broker crossing networks and trading platforms, investment banks, brokers, proprietary trading firms and market makers, and investment managers in connection with multiple investment and product classes (including equities, fixed income, funds, commodities, financial derivatives, CFDs, commercial and wholesale FX, and crypto assets). His extensive trading experience enables him to provide legal expertise which is complemented by significant industry insight and an understanding of the practical and commercial realities of running a business involved in financial markets.
As part of the firm's FinTech practice William regularly assists clients in fitting novel and fast moving technological business models into the less dynamic regulatory framework (particularly in relation to payment services and crypto assets).
William is admitted to practise in England and Wales.
- Advising investment banks and brokers in relation to providing direct electronic access to execution venues (DMA and sponsored access) and providing white labelled services to third party brokerages
- Assisting numerous clients setting up European execution venues (MTFs and OTFs) and trading platforms (OTC platforms and crypto currency exchanges)
- Assisting numerous international brokerages and proprietary trading firms to set up European operations or restructure existing operations
- Advising numerous clients in connection with alleged FCA or exchange rule breaches
FCA two year supervision strategy
In April 2019, the FCA sent a Dear CEO Letter to wholesale market broking firms, committing to taking a “tough stance”...
Considerations for Financial Services firms in relation to COVID-19
What considerations do Financial Services firms need to make in relation to to coronavirus?
Brexit and Financial Services – After the Transition Period
What will happen after the transition period?
Charles Russell Speechlys wins Banking and Finance Team of the Year at the British Legal Awards 2019
Our Financial Services team was delighted to be awarded the prestigious accolade at the British Legal Awards
SMCR – Briefing Note for Broking and Trading Firms
All broking and trading firms which are regulated by the FCA will become subject to the SMCR on 9 December 2019.
FCA clarify regulatory position on cryptoassets in new guidance
The Financial Conduct Authority has now published its finalised Guidance on Cryptoassets PS19/22.
Charles Russell Speechlys advises Coinbase on debit card venture
Charles Russell Speechlys are delighted to have advised new client, Coinbase, on their exciting foray into a debit card offering.
Wholesale broking firms under the regulatory spotlight: PFOF update
Brokers can expect to see a considerable increase both in regulatory activity and in enforcement action.