Richard Frase advises on all aspects of financial services law. He has extensive experience of the legal and regulatory aspects of the UK financial services industry, gained in private practice, in-house and with the regulators, covering both wholesale and retail markets and including regulation and compliance, derivatives and trading documentations.
Mr. Frase was head of litigation at the Personal Investment Authority (later the Financial Services Authority and now the Financial Conduct Authority) from 1995-1998, where he dealt with a range of compliance and enforcement matters involving life companies and financial advisers. He was seconded to the Securities and Futures Authority during 1989-1991, where he advised on policy and legal matters, and carried out extensive work on the conduct of business rules. He was a member of the London Metal Exchange and SFA arbitration panels for 10 years, sitting as an arbitrator in more than 30 arbitrations.
Mr. Frase is recommended in Chambers UK 2014 where he is noted as being "extremely knowledgeable and practical" and praised for the way he "marries knowledge of the statute with what a client wants." He is praised in The Legal 500 UK 2014 for his work in financial services, while The Legal 500 UK 2012 highlights his experience “in the regulatory aspects of the UK financial services industry.” He is acknowledged as a leader in his field in Chambers UK, 2012, which states that he “attracts praise for his knowledge of the law relating to exchanges and trading venues.” In 2011 the directory highlights his popularity “for his ability to grasp the relevant issues quickly and provide concise, technically accurate and practical advice” and in 2010 states that his “previous positions in-house and with regulatory agencies give him a practical, common-sense approach to problem solving and the ability to deliver advice clearly and concisely.”
He qualified in 1981, and subsequently became a partner in a leading law firm’s corporate department from 1988 to 1992. He left the then Financial Services Authority to join Dechert in 1998.
Trinity College, Cambridge
England and Wales