Contact details

David Capps

T: +44 20 7809 2463 Email David | vCard Office: London

David Capps Partner

Contact details

David Capps

David Capps
Partner

T: +44 20 7809 2463 Email David | vCard Office: London

David is a partner in our London office specialising in financial regulatory and banking matters including regulatory investigations and enforcement matters, internal investigations, financial regulatory compliance and advice and representation in relation to complex financial disputes.
  • Profile

His experience extends to investment banking product and trading disputes and IBD and research matters. He also has experience in dealing with matters involving alleged fraud, insider dealing and market abuse, complex jurisdictional disputes and injunction issues.

He also has extensive experience advising and representing clients in relation to financial regulatory enforcement matters and allied investigations, including interactions with various regulators. He is a recognised expert in relation to UK and EU financial services regulation. David is frequently engaged to carry out or advise upon internal (including whistle-blowing) investigations.

Latest news & insights

15 Nov 2023

From Insights

The Financial Conduct Authority tells payment services firms to strengthen their anti-fraud systems and improve their treatment of victims of fraud

In this article, we look at some of the takeaways from the FCA's recent review of payment services firms' anti-fraud systems and controls, in particular around authori..

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05 Oct 2023

From Insights

The new Financial Services and Markets Act 2023 provides for the revocation of swathes of EU-retained law relating to financial services and markets

In this article, we highlight the proposed approach of the FCA in relation to this monumental task of replacing those EU rules with new, UK-focussed domestic requireme..

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28 Sep 2023

From Insights

Non-financial misconduct – FCA proposals on conduct impacting individuals' fitness and propriety and breach of conduct rules

A new FCA and PRA Joint Consultation Paper concerning "Diversity and inclusion in the financial sector – working together to drive change" ("the CP") was published on ..

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08 Sep 2023

From Insights

The FCA's PEP talk…..

This week, we have seen the Financial Conduct Authority ("FCA") publish the terms of reference in relation to its Review of the treatment of UK-domestic politically ex..

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24 Aug 2023

From Insights

Ofgem fines Morgan Stanley for failure to record and retain electronic trading communications following traders' use of Whatsapp on personal phones

We look at the first UK fine for failure to record and retain electronic communications relating to trading wholesale energy products, and ask whether this might heral..

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16 Aug 2023

From Insights

When may an individual be liable to make restitution for regulatory breaches by their firm? The meaning of "knowingly concerned" revisited

The Financial Conduct Authority has the power to seek court-ordered restitution orders against firms, and individual "knowingly concerned" defendants in respect of reg..

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11 Aug 2023

From News

New FCA "Dear CEO letter" sets out wide-ranging expectations and requirements in relation to Principal Trading Firms

On 4 August 2023, the Financial Conduct Authority ("FCA") sent a "Dear CEO letter" setting out their supervisory strategy for "Principal Trading Firms" ("PTFs"). The ..

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10 Jul 2023

From Insights

FCA launches consultation on a proposed framework for establishing a consolidated tape in the UK

As part of a series of measures announced on 5 July 2023, the FCA published a Consultation Paper in relation to their proposed framework for establishing a "Consolidat..

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26 Jun 2023

From Insights

The Bank of England/PRA’s consultation on its approach to enforcement

On 21 June 2023, the BoE/PRA)'s Head of Enforcement and Litigation, Oliver Dearie, gave a speech the Financial Services Lawyers Association explaining the rationale be..

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13 Jun 2023

From Insights

The UK Financial Conduct Authority's new rules in relation to the regulation of financial promotions in respect of cryptoassets

The UK Financial Conduct Authority ("FCA") has published its near-final rules in relation to the regulation of financial promotions in respect of cryptoassets.

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08 Jun 2023

From Insights

First speech by new FCA Head of Enforcement – key takeaways

Last week, Therese Chambers made her first speech as newly appointed Joint Executive Director of Enforcement and Market Oversight at the FCA.

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24 May 2023

From Insights

The Financial Services and Markets Bill – a "bonfire" of retained EU financial services law, or something less?

The Government has recently announced that it had dropped plans to get rid of European laws by the end of 2023.

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15 May 2023

From Insights

Blowing the whistle to the FCA – the regulator's assessment of its processes for handling reports yields "disappointing" results

On 4 May 2023, the FCA published a report setting out the findings of its own qualitative assessment in relation to its handling whistleblowers who directly report to ..

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02 May 2023

From Insights

The FCA's latest Market Watch 73

The FCA's latest edition of Market Watch focusses on their recent market abuse peer review in relation to firms that offer CFDs and spread bets ("CFD providers").

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19 Apr 2023

From Insights

First SMCR enforcement decision for failure to take "reasonable steps"

On 13 April 2023, the Prudential Regulation Authority published a Final Notice in relation to Mr. Carlos Abarca imposing a financial penalty of £81,620

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13 Apr 2023

From Insights

New UK "failure to prevent fraud" offence

On 11 April 2023, the UK Government announced that it intends to create a new and broad corporate offence of failing to prevent fraud.

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