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Penny Sanders

Director
Penny Sanders

I lead the financial services regulatory practice at Wragge & Co and have advised financial services businesses including banks and exchanges, intermediaries, producers of financial products and their distributors and senior individuals in the industry for ten years.

Tel: +44 (0)20 7864 9599
Email: penny_sanders@wragge.com


Business sectors: Financial Services

How do you get under the skin of a client business?

Industry focus and knowledge is imperative. Working with industry trade bodies and being an active member of the Chartered Institute of Securities and Investment ensure that clients' concerns are approached with the benefit of insight into commercial realities and not just the law.

Contributions to the financial services industry have involved being a member of a working group responding to the Independent Commission on Banking and, with a separate group, responding to the FSA's consultation on assessing suitability.

I also prepared draft legislation on behalf of an industry body in response to the Treasury's Consultation Paper on the Government's new approach to financial regulation. The insights gained by my involvement at this level are passed on to clients in tailored strategic advice.

We have a dynamic practice which is constantly growing and evolving in step with the UK and international regulatory environment in which our clients operate.

What's your single greatest contribution to Wragge & Co's corporate responsibility?

I am a member of Wragge & Co's Eco team and am proud of what we have achieved in the last few years. Raising awareness of the fact that everyone can make a real difference by taking small steps is half the battle.

What's been written or said about you that you're most proud of?

"Penny is a lateral-thinking, practical, solutions-driven lawyer. Even when Penny is advising one of our clients, we still enjoy a productive, mutually supportive working relationship, which is very refreshing."
Iain Wallace, director of Share plc.

"Importantly, Penny is willing to come off the fence and make judgment calls where the matter is not clear. The issues we raise are often high value and giving a clear steer can be daunting even where it is underpinned by a sound knowledge of the law."
Internal client at Wragge & Co.

Alerts

10.03.11

How are you measuring up to the FSA's guidance on assessing suitability of investments?

In setting out new guidance on assessing suitability in investment choices the FSA made clear it would be taking an "intrusive" and "intensive" supervisory approach. But as firms begin to look at what the report's findings mean to them, are the action points clear?

24.01.11

Alternative Investment Fund Managers Directive: the key provisions

On 11 November 2010 the European Parliament finally approved the Alternative Investment Fund Managers Directive. Here, we provide a summary of the key provisions of the Directive.

12.11.10

Alternative Investment Fund Managers Directive - after a long battle it is finally agreed

The European Parliament resolved to approve the final version of the Alternative Investment Fund Managers Directive yesterday. This represents the final stage of a process that began more than 18 months ago when, on 29 April 2009, the first draft of the directive was issued.

 

11.06.10

Alternative Investment Fund Managers Directive - the latest developments

On 29 April 2009 the European Commission issued its draft proposal for a Directive on Alternative Investment Fund Managers.

 

Press releases

05.07.11

Wragge & Co enhances financial services practice with new director

Wragge & Co has promoted a new director in its full-service Financial Services team. Penny Sanders will play a key role in the development of the firm's sector-focused financial services practice.

 

Published articles

01.07.11

Wragge & Co appoints seven directors

Wragge & Co has appointed seven new directors, boosting its core and key growth practice areas. According to senior partner Quentin Poole, the promotions underline Wragge & Co's commitment to providing clients with high-calibre experts dedicated to outstanding client service.

 

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