Shane is a Partner in William Fry's Financial Regulation Unit and Corporate Department.
He advises clients on all aspects of financial regulation including regulatory issues arising in mergers and acquisitions, acquisitions and disposals of qualifying holdings in regulated entities, authorisations and extension or surrender of authorisations, compliance with conduct of business requirements, fitness and probity, corporate governance, market abuse and transparency requirements. Shane advises regulated entities including credit institutions, MiFID investment firms, payment institutions, electronic money institutions, investment business firms, other financial institutions and investors in the financial services sector on compliance with regulatory standards and the impact of new regulatory developments at Irish and EU levels. He is a member of William Fry’s Regulatory Enforcement Group.
Shane has advised:
A prominent MiFID investment firm with respect to an investigation commenced into its practices which are alleged to have breached financial services legislation including MiFID reporting and client asset requirements, Fitness and Probity Standards, and various other breaches relating to the adequacy of the firm's oversight mechanisms and practices and procedures documentation for staff.
Various directors and senior executives of a pillar Irish bank through the Central Bank of Ireland's Administrative Sanctions Procedure for alleged breaches of financial services legislation and regulatory requirements up to and including negotiating settlements with the Central Bank.
Several new entrants to the Irish market on requirements for authorisation of new regulated financial institutions in Ireland including advising shareholders on requirements in relation to the acquisition of qualifying shareholdings in those new financial institutions.