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Daniel Meyer

Senior Associate

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“Dan has provided some great advice to us which has supported us internally to streamline some processes from both a commercial and compliance perspective. The advice has been friendly, timely and simple to understand”
(Chief Risk Officer of a national automotive franchised dealer group)

Daniel acts for both FCA authorised and unauthorised clients active in the financial services sector and undertakes a range of contentious and non-contentious financial services regulatory work.

Daniel specialises in advising on the regulatory landscape across the entire financial services sector, with a particular focus on consumer finance, insurance, fintech and payment services. Daniel also has experience working with clients in the automotive sector to provide solutions that are both compliant and commercially realistic, and is regularly featured in Automotive Management Magazine.

Daniel has completed a secondment in the legal team at Centrica plc, focusing on financial services regulation and consumer law, supporting the business to develop new products, advising on regulatory risk (including implementation of the Consumer Duty), supporting responses to consultations on regulatory developments and assisting with a range of other regulatory, compliance and consumer law issues. Following his secondment Daniel continues to provide legal and regulatory support to Centrica plc. Daniel is also currently advising clients including Mercedes-Benz Financial Services, Motorpoint, Becketts Financial Services and Funeral Partners.

Daniel provides practical advice to financial services clients on complying with their regulatory obligations, including on the impact and integration of technology with financial services. Daniel’s experience includes advising on securing FCA authorisation, regulatory structuring and governance, mergers and acquisitions of regulated firms (including completing change in control notifications), ongoing compliance obligations (including implementing the Consumer Duty, the Senior Managers and Certification Regime (SMCR) and client money obligations) and the financial promotion regime.

Daniel also regularly drafts a range of financial services documentation, including regulated consumer finance agreements and pre-contractual and post-contractual documentation, insurance policy documentation, client agreements for financial advisers and discretionary managers, and appointed representative and outsourcing agreements.

Daniel has experience in conducting financial services litigation, advising on FOS complaints and representing firms and individuals facing regulatory enforcement action.

Daniel is regularly featured in various leading publications providing his views on regulatory developments, highlights include:

  • Daniel was quoted in The Sunday Times Raconteur ‘Future of Payments 2023 Report’ – read more here
  • Daniel provided his comments to The Evening Standard on proposals for a new regulatory regime for ‘Buy Now Pay Later’ (BNPL) lending – read more here
  • Daniel delivered a webinar with Adam Edwards for Automotive Management Magazine on preparing for the FCA’s Consumer Duty, which was one of the best attended webinars the Magazine had held
  • Daniel’s article on the effect of the FCA’s Consumer Duty on claims and complaints in the automotive sector, drafted with Adam Edwards, was featured in Automotive Management Magazine – read more here
  • Daniel contributed to the Lexis Nexis Practice Note on the implications of the Consumer Duty for insurance intermediaries – read more here
  • Daniel featured in the Lexis Nexis video discussion discussing the implications of the Consumer Duty regime for insurance intermediaries – watch here
  • Daniel gave his thoughts on the impact of the Edinburgh Reforms on financial services in the UK to Compliance Week – read more here

Legal Services

FCA Investigations & Enforcement Action

Daniel’s knowledge of and experience working with the UK regulator gives him valuable insight into how the regulator will approach investigations and enforcement action.

Cases

  • Advising clients on communications with the FCA responding to alleged regulatory non-compliance.
  • Advising on risk management and avoiding the risk of FCA investigation or enforcement action.
  • Drafting responses to FCA requests for information to assist clients in avoiding further supervisory or enforcement action.
  • Assisting clients with internal investigations and drafting notifications to the FCA.
  • Advising a discretionary asset manager on an FCA investigation and allegations relating to its management of a UCITS fund.
  • Advising a mortgage broker on an FCA investigation.

 

Sectors

Financial Services Regulation

Daniel acts for both FCA authorised and unauthorised clients active in the financial services sector and undertakes a range of contentious and non-contentious financial services regulatory work.

Cases

  • Advising on the implementation of the FCA’s Consumer Duty.
  • Advising a building society, credit brokers, insurance intermediaries and personal pension providers on SMCR and regulatory references.
  • Supporting several funeral plan providers on successfully applying for FCA authorisation, following the sector becoming regulated by the FCA in July 2022, including advising on the structuring of arrangements, all aspects of regulatory compliance and advising on and drafting key documentation, including trust and insurance arrangements backing the funeral plans, the terms and conditions of the funeral plans and key supporting documentation.
  • Advising on the special administration process in relation to a SIPP provider facing a number of mis-selling claims (of an approximate value of £8million) which arose following the decision in Berkeley Burke SIPP Administration Ltd v Financial Ombudsman Service Limited.

Financial Services

Daniel works with specialists in our legal service areas across our wider Financial Services sector team, including in private funds, tax, corporate, commercial and data protection to provide the full spectrum of services for financial services clients.

Cases

  • Daniel routinely works closely with his Corporate and Tax colleagues on buying and selling regulated financial services businesses to ensure the change in a control process is as efficient as possible to minimise the impact on the transactions timetable. Daniel also conducts regulatory legal due diligence and assists with the drafting of transaction documentation.
  • Daniel assists our Commercial team on consumer finance issues arising out of commercial contracts and on outsourcing arrangements involving regulated firms.
  • Daniel works with our Data Protection team to provide data protection advice to financial services clients, including on making notifications to the regulator following a data breach.
  • Daniel works with our Private Funds and Tax teams on the regulatory aspects of setting up and operating investment funds.

Consumer Finance

Daniel has developed a particular specialism and interest in the consumer finance sector, and regularly advises lenders and credit brokers on all aspects of consumer finance.

Cases

  • Drafting lenders’ full suites of consumer finance documentation.
  • Advising on a range of consumer credit and regulated mortgage contract issues, including on the upcoming regulation of the “Buy Now Pay Later” sector.
  • Advising a lending platform provider on acting as lender of record in relation to a loan book of regulated mortgage contracts with a total value of around £4billion.
  • Acting for a regional fund lending to start-ups including completing a review of the fund’s pre-contract information, regulated credit agreements and post-contractual documents.
  • Advising credit brokers on their consumer documentation and sales processes.
  • Advising a mortgage broker on its agreements with key suppliers and structure of its business.
  • Acting for clients in relation to high value and complex lending disputes.

Financial Services Disputes

Daniel combines his specialist financial services knowledge and understanding of complex financial services issues with his ability to manage disputes, meaning you can be confident in him handling disputes competently and robustly. His experience dealing with a wide range of financial disputes also means he can advise on implementing risk management processes to avoid disputes.

Cases

  • Acting for clients in the automotive sector on dealing with a high volume of mis-selling claims and complaints brought by claims management companies and claimant law firms arising from mis-selling allegations and alleged secret commissions.
  • Advising lenders and borrowers on high value consumer finance claims, including claims relating to an unfair relationship under sections 140A to C of the Consumer Credit Act 1974.
  • Acting in relation to a cross border recovery action in respect of a multi-million-pound Ponzi scheme in which investors funds had been misappropriated and the identity of the fraudulent parties was initially unclear.
  • Advising on coverage and acting on behalf of clients in respect of claims for COVID-19 related business interruption losses.
  • Advising on the SMCR and regulatory reference aspects of a dispute.
  • Advising a client on a multi-million-pound claim involving several million pounds worth of alleged consumer loans provided by an unauthorised lender.
  • Advising the US SIPA Trustee of Bernard L. Madoff Investment Securities LLC and Bernard L. Madoff in respect of his English and cross-border claims – arising out of the world’s largest Ponzi scheme.

FinTech & Payment Services

Daniel understands the needs of fintech and payment services clients, so can assist you with all of the needs for a technology driven financial services business.

Cases

  • Advising a fintech start-up on payment services and its key agreements in respect of its new product aimed at revolutionising how employees are paid.
  • Advising a leading consumer credit reporting company on the payment services issues arising from an acquisition.
  • Advising a multi-national retail chain on payment services and e-money requirements.
  • Advising a start-up equity investment platform on structuring its business and the platform, the design of the platform, its agreements with key suppliers, its agreements with clients and its ongoing regulatory obligations.
  • Reviewing client terms relating to FX and payment services.
  • Advising an over the counter cryptocurrency derivatives margin calculation agent on the EU regulations relating to margin calculation and EU risk mitigation requirements for over the counter derivatives that are not cleared by a central clearing house.
  • Advising cryptocurrency businesses on regulatory issues relating to providing cryptocurrency services in the UK and the relevant anti-money laundering requirements.

Insurance

Daniel has experience advising insurers and insurance intermediaries on a range of regulatory, coverage and claims-related issues.

Cases

  • Daniel’s experience working in-house on secondment at Centrica plc means he understands the pressures on general counsels and in-house lawyers and can provide practical and commercial advice on a range of insurance issues.
  • Drafting insurance policy documentation.
  • Advising on the regulatory perimeter in respect of contracts of insurance.
  • Advising on legal and regulatory issues for new product launches.
  • Advising on a range of regulatory and compliance issues, including the Consumer Duty, fair value (PROD 4) assessments, operational resilience and arrangements with key suppliers.
  • Advising insurance intermediaries on client money handling arrangements.
  • Advising an insurtech start-up on its data driven home insurance product, including securing FCA authorisation, advising on an ongoing basis on a number of legal issues and advising on and drafting its key agreements with its carriers and appointed representatives.
  • Advising and acting on behalf of clients in respect of high value and complex insurance coverage disputes.
  • Drafting a Terms of Business Agreement (TOBA) on behalf of a start-up insurance broker.

Wealth Management & Financial Advice

Daniel advises on a broad range of regulatory issues affecting wealth managers and financial advisers and is well accustomed to helping clients navigate the complex (and continually evolving) regulatory environment in which they operate.

Cases

  • Advising Becketts Financial Services and a range of regulatory and compliance issues.
  • Advising a financial adviser on a range of regulatory and structuring issues arising from open-ended investment companies (OEICs).
  • Advising on the regulatory perimeter, including the advice/guidance boundary.
  • Drafting and conducting reviews of client agreements.
  • Advising an online investment platform on financial promotions and the layout of its platform.
  • Advising a start-up equity investment platform on structuring its business and the platform, the design of the platform, its agreements with key suppliers, its agreements with clients and its ongoing regulatory obligations.

 

Latest

Related News & Articles [ 26 ]

To contact Daniel or for more information…

Call: 0345 404 4147
Mobile: 0796 692 9327
Or email: Send an email

 

Memberships

Financial Services Lawyers Association

Chartered Insurance Institute

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