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David Banks: Headline Experience

David Banks

T: 00 44 1534 888445
M: 00 7797 759393
E: david.banks@laceyadvocates.com

IOSCO Working Party Member: responsible for drafting the international principles of fund regulation and extending the new rules to hedge funds

Key Legal & Regulatory Changes Overseen:

  • all-new funds authorisation process introduced;
  • Jersey funds law re: the European Directive on Alternative Investment Fund Managers (AIFMD);
  • closed-end listed, unregulated and expert funds;
  • the new Funds Prospectus Order;
  • proposals for improved regulation of managed accounts; and
  • the new codes for fund functionaries & codes for fund vehicles
  • Re: A Fund Manager: supervising the fund manager through directions and working with JFSC Enforcement in relation to the manager's collapse, police intervention, investor losses and failures on the part of fund functionaries

Re: B Trust Company: numerous court applications and close supervision concerning the establishment of numerous property funds and subsequent extensive investor losses

Re: C Unregulated Entity: supervising the preliminary investigation of the suspected mis-selling of products to unsophisticated investors

The Acquisition of Worthy Trust Company Limited

The Désastre of K Leech: working with the Viscount and alongside the bank creditor, investigating extensive transfers of assets and transactions.