Colin Smith


Colin Smith


London | 160 Queen Victoria Street, London EC4V 4QQ
+44 207 184 7578 | +44 20 7184 7001

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Colin Smith focuses on financial services regulation. He advises a broad range of regulated clients on their regulatory obligations, including banks, asset managers, alternative investment fund managers, private equity houses, broker-dealers, investment banks, consumer credit and payment service providers. Mr. Smith also advises individuals who work at regulated firms on their responsibilities as approved persons and (for banks) senior managers and certified persons.

Additionally, Mr. Smith advises a wide variety of unregulated clients, such as large family offices, trustees, family limited partnerships and clients looking to engage with financial institutions. This work includes negotiating terms for large investors with their asset managers, advising on EMIR and DTR reporting requirements and generally providing advice on the scope of UK financial services regime and how to avoid breaching the general prohibition on carrying on regulated activities in the UK and the financial promotion restriction. He also assists in bringing and defending complaints before the Financial Ombudsman Service and in litigation involving financial services disputes.


  • Alternative Investment Fund Managers Directive (AIFMD), particularly issues concerning marketing of AIFs in the EU and regulatory disclosures
  • FCA Remuneration Codes for banks, investment firms and AIFMs
  • MiFID authorisations and passporting
  • Consumer credit, under the new FCA regime
  • Insider Dealing and Market Abuse
  • Disclosure and Transparency Rules (DTR)
  • Bribery Act 2010 and Criminal Finances Act 2017
  • FCA controllers regime
  • Payment Services Regulations

Significant Representations

  • Advised on new authorisations and variation of permission applications for firms under various FCA regulatory permissions regimes, including AIFMD, MiFID, the Payment Services Regulations, Consumer Credit, Mortgage Credit and corporate finance business.
  • Advised fund managers and distributors on marketing regimes under AIFMD for marketing to professional and retail investors, including making passporting applications and liaising with local counsel throughout the EEA on national private placement regimes.
  • Advised on change in control applications and investment in FCA authorised firms, including for complex group structures.
  • Advised firms in different sectors and proportionality tiers on implementation of the FCA remuneration codes and drafted remuneration policies.
  • Advised an investment bank and a broker in credit derivatives on the impact and application of new trading venue under MiFID II: Organised Trading Facilities.
  • Advised investors in listed companies on disclosure and transparency requirements.
  • Assisted on investigations into suspected cases of insider dealing and market abuse, including submitting reports to the FCA and Serious Fraud Office.

Includes matters handled at Dechert or prior to joining the firm.

  • University of London, B.A. (Hons), History, 2004, Royal Holloway
  • University of London, M.A., Medieval History, 2005, Royal Holloway
  • City University London, GDL and LPC, 2007, Inns of Court School of Law
  • England and Wales
  • Italian
  • English