Picture of Morris Simon

Simon Morris

Partner

CMS Cameron McKenna LLP
Cannon Place
78 Cannon Street
London
EC4N 6AF
United Kingdom
Languages English, Spanish

Simon Morris is a partner in the firm’s Financial Services and Products team. He joined CMS London in 1980, qualified as a solicitor in 1982 and has been a partner since 1988.

He specialises in advising financial institutions on commercial and regulatory matters. He has also represented firms in over 400 regulatory and enforcement proceedings brought by the UK PRA and FCA, their predecessors and overseas regulators.

Simon is a member of the City of London Law Society Financial Services Sub-Committee and author of Financial Services Regulation in Practice (Oxford UP 2016). He was appointed a Commissioner of the Jersey Financial Services Commission in January 2015 and was named as the Best Regulatory Lawyer of 2008 at Complinet’s Fourth Annual Compliance Awards in January 2008.

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"Simon Morris is a ‘market-leading authority on financial services issues’, and ‘the gold standard’ for contentious work in the industry."

Legal 500

"Standout partner Simon Morris has strength in both contentious and non-contentious work. Clients say: "He is obviously a heavyweight partner. I take great confidence and comfort from his knowledge. He comes across the regulator quite often and seems very in touch with it all." "

Chambers

Relevant experience

Regulatory change

  • A number of banks, including a global systemically important bank, on implementing the new UK regime for individual responsibility at banks.
  • Asset managers and other firms on the introduction of CRD4 requirements.
  • The MiFID project for one of the UK’s largest banks.

Dealing with the regulators

  • Authorisation for banks, insurers, asset managers and other firms; successfully handling the largest fully contested application for authorisation.
  • Applications for individual approval; successfully obtaining approval for senior managers initially refused approval.
  • Applications for change in control (including a major contested application), variations of permission and passporting.
  • Preparing firms and individuals for routine and focused supervisory visits, including client asset, conflict, financial crime, treating customers fairly and governance reviews.

Corporate governance

  • A board effectiveness review for a broker dealer to fulfil an FCA requirement.
  • The FSA’s two enforcement cases involving weak governance.
  • Conflicts reviews for asset managers, insurers and banks.

Meeting regulatory requirements

  • Perimeter issues for banks, insurers, asset managers and other firms, enabling them to operate in the UK within clearly established boundaries.
  • On meeting the FCA’s requirements on protecting against money laundering, bribery and corruption and market abuse.
  • Firms to meet regulators’ evolving requirements on the shared liability of manufacturers and distributors for financial products; handling the FCA’s first enforcement case on this topic.
  • Liability to meet regulatory, Ombudsman and Compensation Scheme fee levies.

Handling retail redress and complaints

  • Insurers and other firms on structuring complaints and claims handling functions.
  • On major redress projects, advising whether compensation is due , how much and when.
  • Helping firms to resolve complaints before the Financial Ombudsman Service, including major lead complaints and successfully halting or overturning FOS decisions through legal process.

Managing enforcement

  • Firms in over 400 enforcement proceedings including.
  • Reporting adverse events and handling subsequent investigations.
  • Firms on helping to manage the appointment of a skilled person.
  • Firms and individuals in formal disciplinary proceedings.
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Education

BA Law, Gonville and Caius College, Cambridge

PhD History, Birkbeck College London

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17/02/2016
Life, pensions & longevity risk
31 Mar 17
Breakfast seminar: Developments on Brexit and upda...
18/11/2016
FCA publishes Interim Report on Asset Management Market Study
The FCA has found price competition to be weak in a number of areas of the asset management industry, identifying concerns as to whether the market is providing value to customers (both for retail and institutional investors).
16/06/2014
Life, pensions & longevity risk
24 Mar 17
Breakfast seminar: Regulatory update on key curren...
Extending SMR to all firms, leaving the EU and oth...
04/10/2016
Bonus buy-outs and other banking remuneration updates
The Prudential Regulation Authority (PRA) has recently issued two papers – one releasing the PRA’s long-awaited final rules on buy-outs of variable remuneration and the other proposing to update its guidance generally on remuneration in the banking sector.
31 Jan 17
How to successfully manage a customer remediation...
Joint seminar with Grant Thornton
11/08/2016
CRDIV remuneration review by the European Commission
The CRDIV remuneration package, which came into effect in 2014, has an built-in requirement for the European Commission to review its effectiveness in 2016. The Commission has recently issued several relevant reports.
20 Jan 17
Developments on Brexit and update on FCA and PRA r...