Tim Parkes is to become Chair of the FCA's Regulatory Decisions Committee (RDC) and the Payment Systems Regulator's Enforcement Decisions Committee (EDC) in January 2016. He has been a partner at Herbert Smith Freehills LLP for more than 28 years, after serving 10 years as an associate and articled clerk. As a commercial disputes solicitor in the areas of litigation, arbitration and alternative dispute resolution, he practised in both London and Hong Kong, dealing most recently with complex, high-value disputes arising out of the global financial crisis, often involving regulatory considerations.
He was the firm's Executive Partner, Asia Managing Partner and latterly Head of Commercial Litigation in London. He was also a member of the firm's governing Council for many years. Tim has worked as Legal Assessor to the London Stock Exchange's Quotations Committee and sat for a total of five years as an elected Council Member of the Law Society of Hong Kong. During his career he has taken a keen interest in legal pro bono work, which has included voluntary work in a CAB-linked legal advice centre, and is a trustee of the Army Museums Ogilby Trust.
The Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) Boards announced his appointment today, together with that of several new members to four decision-making committees responsible for taking certain regulatory decisions:
- the FCA’s RDC
- the FCA's Competition Decisions Committee
- the PSR’s EDC
- the PSR's Competition Decisions Committee.
Deputy Chair
- Elizabeth France has been appointed as a Deputy Chair of the RDC and EDC.
- John Hull will become a Deputy Chair of the RDC in January 2016.
Committee Members
- Kevin Brown has been appointed as a member of the RDC and EDC.
- Chris Cummings has been appointed as a member of the RDC and EDC.
- Jonathan Haskel has been appointed as a member of the EDC and the FCA and PSR CDCs.
- Stuart McIntosh has been appointed as a member of the EDC and the FCA and PSR CDCs.
- Professor Robin Mason has been appointed as a member of the EDC and the FCA and PSR CDCs.
- Malcolm Nicholson has been appointed as a member of the EDC and the FCA and PSR CDCs.
- Caroline Ramsay has been appointed as a member of the RDC and EDC.
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