Patrick Ferguson is an associate in Cohen & Gresser’s London office. He has represented individuals, corporates, and governments in a variety of regulatory and internal investigations and commercial litigation. He also has experience advising on strategic transactions.
Previously, Paddy served as an Assistant Investigator at the UK Serious Fraud Office, where he worked with the Bribery and Corruption Division.
Paddy received his undergraduate degree with honors from the University of Oxford and graduated from BPP Law School in London with commendation.
Patrick Ferguson is an associate in Cohen & Gresser’s London office. He has represented individuals, corporates, and governments in a variety of regulatory and…
BPP University (LPC -- Commendation, 2019); BPP University (GDL, 2018); University of Oxford (B.A. in Theology, Hons., 2015)
England & Wales
On the 27th
of July this year, the UK Financial Conduct Authority (the “FCA”) published a policy statement setting out its final rules and changes
to its listing rules for certain special purpose acquisition companies, or ‘SPACs
’. These follow the government’s review of the UK listing regulations led by Lord Johnathan Hill earlier in the year, discussed in Cohen & Gresser’s 7 May 2021 client alert
. In its announcement
accompanying the policy statement, the FCA explained that the new rules and associated guidance, which will come into force on 10 August 2021, are intended to “provide more flexibility to larger SPACs, provided they embed certain features that promote investor protection and the smooth operation of the UK’s markets
.” This client alert details the key changes introduced in the FCA’s policy statement.
In this C&G client alert, lawyers from our New York, London, and Paris offices discuss the evolution of SPAC investment in the U.S., UK, and French financial markets and provide an in-depth analysis of the position taken by the regulatory authority in each of these prominent financial hubs to help potential sponsors, investors, and target companies determine the right market for their needs.
Can an individual with a recent regulatory history resume a role in the financial services industry, and, if so, what is the process? This client alert discusses the FIT Test (as applied both by the FCA and firms under the SMCR), explores how the FCA will approach the authorisation process in non-routine cases, and offers practical guidance for individuals seeking to have such an application approved by the FCA.
John W Gibson, Tim Harris, and Patrick Ferguson discuss the enforcement risks created by cum-ex transactions and the implications for jurisdictions, such as the UK, where cum-ex transactions per se have not been carried out, but where dividend arbitrage trades carry a risk of facilitating tax evasion, money laundering, or market abuse.