Sushil Kuner is a London-based principal associate who advises on all aspects of financial services regulatory law, having spent eight years working within the Supervision and Enforcement Divisions of the Financial Conduct Authority (FCA).
She has extensive regulatory experience and advises on a broad range of contentious and non-contentious financial services regulatory issues including anti-money laundering and anti-bribery controls, perimeter issues, conflicts of interest, suitability of investment advice/discretionary investment management decisions, conduct of business, e-commerce and payment services, consumer credit, mortgage regulation, financial promotions, treatment of customers, client asset rules, funds, market misconduct, product governance, corporate governance, personal culpability of senior individuals and conduct risk.
She also advises on the regulatory aspects of corporate transactions including changes in control, FCA authorisations and variations of permission and regularly assists firms with their responses to FCA and PRA led enquiries.
Sushil's clients include banks, asset and fund managers, FinTech companies, start-ups, challenger banks, corporates, private equity houses, platforms, intermediaries and major auto manufacturers.
With a particular interest in FinTec, Sushil has advised a number of clients on the regulatory approach for ICOs, Blockchain and Cryptoassets since joining the firm. Experience includes advising FinTech start-ups with novel business models on whether their activities fall within the FCA's regulatory perimeter, general FCA licencing requirements and on firms' money laundering obligations when issuing or exchanging tokens. She also regularly advises large scale FinTechs in the e-commerce space on the UK's Payment Services and Consumer Credit regimes.
Sushil regularly represents the firm at FinTech and blockchain events and for the past two years has presented at FinTech Connect, one of the largest annual FinTech conferences in the UK. She has also written a number of FinTech related articles and co-authored the UK Chapter of FinTech 2019, a book published by Global Legal Insights. She regularly appears as a commentator in the media, including The Lawyer magazine, UK Tech News and Lexis Nexis and delivers seminars, training events and webinars on various financial services topics including FinTech, FCA Enforcement and diversity and inclusion within financial services. Sushil was named as a 'Key Lawyer' in the 2020 edition of The Legal 500 for FinTech.
Sushil is a member of the firm's India Desk and has advised clients based in India and other jurisdictions (including Sweden and the US) on UK financial services regulatory aspects of their cross-border business. She has also been on secondment to the firm's Dubai office where she provided expert financial services regulatory assistance to the Dubai-based Tech Team.
During her time in the FCA's Enforcement Division, Sushil was a lead Investigator and project managed several high profile investigations against both individuals and institutions. She was formerly a member of the FCA's Relationship Management and Strategy team and was responsible for vetting and selecting suitable cases for Enforcement action. She was also one of the FCA's 'Skilled Persons Champions' and oversaw large scale redress and remediation exercises involving millions of banking customers.
Clients benefit from Sushil's valuable first hand insight into the operation, decision-making and strategic priorities of the UK's financial regulator and her pragmatic advice in complicated situations.