The Monetary Conduct Authority (FCA) and the Cost Techniques Regulation (PSR) boards have appointed two new deputy chairs to decision-making committees.
Margaret Obi has been named deputy chair of the FCA’s regulatory choices committee (RDC), whereas Edward Sparrow is taking over the function for the PSR’s enforcement choices committee (EDC).
These two committees are answerable for taking sure regulatory choices on behalf of the FCA and PSR, the Metropolis watchdog mentioned.
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The brand new appointments have been made forward of the present deputy chairs, Elizabeth France and John Hull, standing down later this yr after the completion of their phrases.
Obi is a authorized knowledgeable, having beforehand labored as a associate in a felony defence follow, as an unbiased authorized guide. She at the moment sits as a deputy Excessive Courtroom choose and advises worldwide authorized groups defending allegations of warfare crimes within the Worldwide Legal Courtroom.
Sparrow was beforehand a associate and guide within the disputes follow at regulation agency Ashurst. He held quite a few roles throughout his 48 years on the agency, together with head of litigation, and was a member of the board.
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“I’m delighted to welcome our two new deputy chairs,” mentioned Tim Parkes, chair of the RDC and EDC.
“Margaret and Edward carry with them a wealth of data and expertise, together with their expertise of chairing and decision-making, which can improve the aptitude and effectiveness of the RDC and EDC.
“By the point they stand down, Elizabeth and John collectively may have offered almost 16 years’ excellent service as deputy chairs and I want to thank them each for his or her dedication to the work of the committees.”
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