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Patrick Brandt

Counsel

Counsel

Corporate

London

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Patrick Brandt is a counsel in the corporate group, focusing on financial regulatory matters. He handles noncontentious and contentious regulatory matters for a wide variety of financial institutions, including banks, asset managers, brokers and intermediaries. He works closely with Skadden’s Investment Management Group.

Mr. Brandt is a former regulator having worked for the U.K.’s Financial Services Authority. He joined Skadden in 2011 having been a partner at a major U.K. law firm. He is recommended in Chambers UK 2012 edition, being described as “intelligent, thorough, knowledgeable and commercial” and is valued for his ability to “translate complex FSA terminology into easy-to-understand concepts.” His career highlights have included:

  • advising structured product and unregulated CIS provider on customer-facing documentation, FSCS issues and a variety of other regulatory issues;
  • reviewing client money and custody arrangements for two investment managers;
  • advising on and negotiating white-labelled discretionary management documentation for a wealth manager;
  • advising on numerous financial promotion and regulatory authorization issues affecting product and service offerings in the EU;
  • assisting asset managers on changes flowing from MiFID implementation;
  • advising on transaction reporting issues;
  • assisting a wealth manager on the U.K. aspects of changes to its investment research department;
  • conducting regulatory due diligence on an EU regulated market;
  • advising a broker-dealer on the European regulatory issues that affected the setting up of a multilateral trading facility;
  • advising an electricity supplier on whether changes to its electricity forward contracts would result in them becoming regulated derivatives;
  • advising a bank on regulatory issues raised by its sale of interest rate and currency derivatives;
  • Advising a bank on regulatory issues arising from commodity derivative services;
  • advising the board of a U.K. building society on regulatory capital issues and the use by regulators of special resolution powers;
  • acting for a stockbroker subject to FSA enforcement action for regulatory capital failings;
  • acting for a fund manager in respect of the FSA’s split capital investment trust investigations;
  • acting for a U.K. bank in respect of FSA enforcement action following AML procedural issues;
  • acting for two separate banks subject to enforcement action following back office failings;
  • advising an individual stockbroker in connection with a regulatory investigation;
  • advising a U.K. credit card provider on issues relating to sanctions lists;
  • advising a credit card provider on Spanish anti-money laundering issues;
  • advising a bank on the impact of implementation of the second E-Money Directive on a JV arrangement; and
  • advising a bank on changes needed to comply with the Payment Services Directive.


Professional Memberships

  • Professional Memberships Law Society
  • The Middle Temple
  • The Financial Services Lawyers Association
  • Association of Regulatory and Disciplinary Lawyers

Bar Admissions

Solicitor, England & Wales

Education

M.A. (Hons), Law, University of Oxford, 1990

Bar Finals, Inns of Court School of Law, 1992

Related Practices

Publications

"UK Regulators Amend Dealing Commission Rules"

Skadden, Arps, Slate, Meagher & Flom LLP

"ISDA and FIA Europe Publish Cleared Derivatives Execution Agreement"

Skadden, Arps, Slate, Meagher & Flom LLP

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