Nicola Higgs

  • Partner
  • Enicola.higgs@lw.com
  • 99 Bishopsgate
  • London EC2M 3XF
  • United Kingdom
  • T +44.20.7710.1154
  •  
 

Profile

Nicola Higgs is a partner in the London office of Latham & Watkins. Ms. Higgs specializes in financial services regulatory advice and has vast experience advising financial institutions and market infrastructure providers on a wide range of complex domestic and cross-border regulatory issues.

Ms. Higgs advises global investment banks, corporate finance houses, fund managers, insurers, stockbrokers, market infrastructure, and data services providers on a variety of legal and regulatory risk management matters, with particular expertise in the FCA’s Conduct of Business Rules, European regulatory developments, such as MiFID II, PRIIPs KID Regulation, and the EU Benchmark Regulation, and contested enforcement actions.

Ms. Higgs has developed a formidable reputation advising global investment firms on the sale of complex derivative products to professional and retail investors, including cross-border issues.

Ms. Higgs also has a strong track record in advising private banks and wealth managers on their regulatory obligations.

Experience

Ms. Higgs’ recent highlights include advising:

  • The underwriters on the initial public offering of Saudi Arabian Oil Company (Saudi Aramco), the largest IPO in history
  • eToro on the establishment of eToro Digital Assets, a platform for the tokenisation of assets to be traded on eToroX, eToro’s Gibraltar-based digital currency exchange
  • IHS Markit with regards to EU Benchmarks Regulation, including the establishment of new critical benchmarks with global reach
  • The Central Bank of Egypt on a complete reformulation and enhancement of Egypt’s banking regulatory regime
  • A leading US investment bank on their Brexit planning project
  • A leading US investment bank on the launch of its retail banking platform in the UK and US
  • A leading US investment bank on compliance with the new Benchmarks Regulation, including in its sensitive role as the administrator of a number of benchmarks
  • Numerous financial services clients (banks, investment firms, and asset managers) in relation to firm-wide MiFID II preparation and implementation projects
  • A number of global investment banks and a market data provider on the implementation of the EU Benchmark Regulation, including seeking authorization as a benchmark administrator
  • Financial services clients (including investment banks) with critical outsourcing transactions
  • A number of global investment banks on the implementation of the PRIIPs KID Regulation*
  • A variety of firms on seeking new FCA authorization / changes to permissions*
  • A number of global bank structured product providers on the implementation of the UK product governance regime*

*Matter handled prior to joining Latham

Thought Leadership

  • Staying Inside — FCA’s New Guidance on Market Conduct During COVID-19 -  May 29, 2020
  • European Commission Publishes Draft Delegated Regulations on ESG Disclosures in Benchmarks -  May 04, 2020
  • 10 LIBOR Transition Focus Areas -  May 01, 2020
  • New Draft Regulatory Technical Standards Under the EU Benchmarks Regulation -  March 31, 2020
  • Private Bank Briefing: Issues Impacting the Private Bank Sector  -  March 26, 2020
  • FCA Proposes New Rules on Climate-Related Disclosures by Listed Issuers -  March 12, 2020
  • FCA Consultation Anticipates Enhanced Climate-Related Disclosures for Premium Listed Commercial Companies -  March 11, 2020
  • FCA Calls on Firms to Develop a Purposeful Culture -  March 06, 2020
  • MiFID Refit — Commission Consults on Review of MiFID II Framework -  February 27, 2020
  • ESMA Provides Its Input on the BMR Review -  February 20, 2020
  • AMF Proposals to Revive the Research Industry in France -  February 19, 2020
  • Key Takeaways from ESMA’s recent MiFID Transparency Consultation Papers -  February 14, 2020
  • Sustainable Finance and Climate Change Risk in Financial Services -  February 06, 2020
  • Third-Country Firms Operating Cross-Border Into the EU — Upcoming Reform -  January 14, 2020
  • Brexit: 10 Commonly Asked Questions -  January 07, 2020
  • FCA Consults on SMCR for Benchmark Administrators -  December 03, 2019
  • Private Bank Briefing: Issues Impacting the Private Bank Sector  -  December 02, 2019
  • ESAs Consult on Amendments to the PRIIPs KID -  November 25, 2019
  • FCA Warns Firms of Conduct Risk During LIBOR Transition -  November 22, 2019
  • SEC Extends Relief From MiFID II Research Unbundling Provisions -  November 15, 2019
  • PRIIPs and Corporate Bonds — Clarity at Last? -  October 31, 2019
  • Trends in Outsourcing Regulation and Supervision in Financial Services -  October 21, 2019
  • Review of the EU Benchmarks Regulation -  October 17, 2019
  • ESMA’s Consultation Paper on the MAR Review -  October 11, 2019
  • FSB Concerns Over Cloud Concentration in Financial Services Continues  -  October 08, 2019
  • Research Unbundling — FCA Finds Rules Working Well -  September 23, 2019
  • Key Emerging Regulatory Issues and Focus Areas for Institutional Asset Managers -  September 19, 2019
  • FCA Confirms SMCR Optimisations -  July 26, 2019
  • HM Treasury Kicks Off Financial Services Future Regulatory Framework Review -  July 22, 2019
  • 10 Key Regulatory Focus Areas for UK/European Wholesale Markets in 2019 – Progress Report -  July 02, 2019
  • EU Kicks Off MAR Review -  May 16, 2019
  • FCA Fires Warning Shot to Brokers in Wholesale Markets -  April 30, 2019
  • MiFID II Costs and Charges — Room for Improvement -  March 01, 2019
  • Brexit and Financial Services — FCA Issues Further Guidance for Firms -  February 01, 2019
  • Regulating Crypto-assets and ICOs? ESMA and EBA Consider the Benefits -  January 24, 2019
  • FCA Consults on Further Amendments to the SMCR -  January 23, 2019
  • Brexit and Financial Services — UK Equivalence Decisions -  January 21, 2019
  • European Commission Report on the Operation of the AIFMD -  January 15, 2019
  • 10 Key Regulatory Focus Areas for UK/European Wholesale Markets in 2019 -  January 09, 2019
  • Outsource Service Providers to Financial Services — A Growth Sector for Buyout Firms  -  December 21, 2018
  • Brexit and Financial Services — Temporary Permissions -  December 18, 2018
  • FCA Finalises Changes to its Financial Crime Guide -  December 14, 2018
  • FCA to Clarify Scope of the Client Dealing Function -  November 30, 2018
  • Brexit and Financial Services — Onshoring MiFID II -  November 05, 2018
  • UK Cryptoassets Taskforce Publishes its Final Report -  October 31, 2018
  • A New Sheriff in Town? UK MPs Call for Regulation of “Wild West” Crypto-assets  -  September 20, 2018
  • FCA Sets Out Stance on Cross-Border Booking Arrangements  -  August 10, 2018
  • First Details of Brexit Temporary Permissions Regime Published — Key Questions Answered -  July 27, 2018
  • FCA Speaks Out on the Ethics of Big Data  -  July 16, 2018
  • Regulators Publish Final Rules on SMCR Extension -  July 04, 2018
  • FCA Sets Expectations for Robo-Advisers -  May 22, 2018
  • The MiFID II Inducements Regime -  May 08, 2018
  • Global Developments on Best Execution -  May 03, 2018
  • Commission Publishes Study of EU Market in Retail Investment Products -  April 30, 2018
  • Next Steps in the Asset Management Market Study -  April 05, 2018
  • First Use of ESMA Temporary Product Intervention Measures  -  March 29, 2018
  • FCA Proposes New Guidance on Financial Crime Systems and Controls -  March 28, 2018
  • Transforming Culture in Financial Services — The FCA Renews Its Approach -  March 16, 2018
  • FCA Sets Expectations on Algorithmic Trading -  February 27, 2018
  • MiFID II Research Unbundling — Crisis Averted? -  November 16, 2017
  • Latest Views From the FCA on Market Abuse -  November 15, 2017
  • ESMA Clarifies Third Country Transitionals Under the EU Benchmarks Regulation -  November 09, 2017
  • MiFID II Research – Relief at Last? -  October 26, 2017
  • The (Potentially) Long Arm of the SMCR -  August 24, 2017
  • Policing the Robots — Robo-Advice Under MiFID II -  July 28, 2017
  • FCA Publishes Long-Awaited Consultation Papers on the Extension of the SMCR -  July 27, 2017
  • The UK Financial Conduct Authority Bans Use of Certain Restrictive Contractual Clauses -  July 11, 2017
  • MiFID II – Second Policy Statement and Further Consultation -  July 05, 2017
  • Clarifications to Key Concepts Under The EU Benchmarks Regulation -  June 30, 2017
  • FCA Seeks to Reform UK Asset Management Sector -  June 29, 2017
  • FCA Consults on UK Implementation of EU Benchmarks Rules -  June 22, 2017
  • Benchmarks Update -  June 14, 2017
  • ESMA Final Report on MiFID II Product Governance Requirements -  June 05, 2017
  • FCA’s Latest Papers on the Implementation of MiFID II -  April 03, 2017
  • Proposals to Shake Up the UK IPO Timetable -  March 30, 2017
  • MiFID II Product Governance – Proportionality: Rules of the road -  March 07, 2017
Bar Qualification
  • England and Wales (Solicitor)
Education
  • LPC, BPP Law School, 2005
  • LL.B, King's College London, 2004
Practices
  • Banking
  • Financial Regulatory
  • Capital Markets
  • Derivatives