Thomas Pritchard
Thomas is a Principal Associate Professional support Lawyer at Eversheds Sutherland in the Financial Services team. He has worked in legal knowledge management since 2002 in various fields including financial services, Brexit, insolvency, restructuring and banking. He has previously worked at Clifford Chance, Slaughter and May and White & Case and ran his own knowledge management company, principally supplying content for LexisPSL.
Previously a PSL in the Finance team, in February 2018 Thomas switched disciplines to support our growing Financial Services team. His recent experience includes:
- Creating a know-how culture in the Financial Services team to ensure that know-how is captured, processed, stored and exploited to the full, internally and in thought leadership briefings for clients
- Developing the first formal precedent suite for the Financial Services team
- Supporting and developing the Financial Services teams internal and client facing training programme and capability.
Thomas is a regular trainer at Eversheds Sutherland internal diploma courses for junior lawyers and frequently presents to clients on the Financial Services aspects of Brexit.
Practice Area
Panels
- Contributing Author
- Specialist Panel
1 Contributions by Thomas Pritchard
PRACTICE NOTES
Implementing side pockets in FCA-authorised funds: emergency regime for Russia, Belarus and Ukraine sanctions-affected assets - scope, qualifying tests, governance, investor disclosures, costs and assessment of value under COLL
This Practice Note explains the Financial Conduct Authority (FCA) framework permitting authorised funds to deploy side pockets for assets hit by Russia’s invasion of Ukraine and the ensuing sanctions. It provides questions and answers on this framework, including topics such as:
scope
initial considerations
impact on investors
cost considerations
alternatives
changes to the FCA’s proposed rules
any further FCA guidance relating to side pockets and managing side pockets
It also highlights initial and ongoing considerations for establishing, operating, and managing side pockets within authorised funds effectively.
Background
On 6 July 2022, the Financial Conduct Authority (FCA) published policy statement PS22/8, ‘Protecting investors in authorised funds following the Russian invasion of Ukraine’, which outlined urgent measures to manage the invasion’s effects on authorised funds and retail investors. Those rules came into effect on 11 July 2022. That policy statement followed consultation paper CP22/8, ‘Protecting investors in authorised funds following the Russian invasion of Ukraine’, which invited views on the proposed emergency steps. The FCA recognises that the Russian invasion of Ukraine has had a significant impact on financial markets and on FCA-regulated authorised funds. To respond, the FCA is introducing an unprecedented liquidity management tool for authorised funds, called side pockets...
Financial Services
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