Elizabeth is a Financial services regulatory partner with extensive expertise advising asset managers, fund managers, depositaries and insurance companies on the constantly shifting landscape in the UK and EU.

Elizabeth's experience

  • Advised leading crypto exchange-traded product (ETP) issuer, on the FCA's approval of their prospectus for issuing cryptocurrency-linked exchange traded notes (cETNs) to both professional and retail investors in the UK. This marked the first retail cETN programme approved by the FCA since it officially lifted its four-year ban on retail access to crypto ETNs in early October 2025.

  • Advised a UK-based wealth management group on negotiating Model B clearing and adviser as a platform agreements.

  • Advised a newly FCA authorised investment management firm, on drafting terms of business for different services and client onboarding documentation to ensure compliance with UK regulatory requirements.

  • Advised a UK-based wealth management firm on compliance with the Financial Conduct Authority’s Sustainability Disclosure Requirements, which set out rules for transparent reporting of sustainability-related information in financial products.

  • Advised LCN Capital Partners in their acquisition of 2 supermarket assets held in England and Wales through the acquisition of the asset holding vehicle, a Guernsey Property Unit Trust.

  • Advised Zurich on the sale of its UK workplace pensions and savings business, with assets under administration of more than £15 billion and 500,000 customers, to Lloyds Banking Group. This transaction included a Part VII insurance business transfer and a multi-year exclusive distribution partnership for Zurich to provide group life protection solutions to certain corporate clients of Lloyds Banking Group’s Commercial Banking services.

Credentials

  • 2026
    Thomson Reuters Stand Out Lawyer
  • 2015
    Joined Pinsent Masons
  • 1997
    Speechly Bircham (now Charles Russell Speechlys), Partner
  • 1994
    Herbert Smith, Assistant
  • 1993
    London Borough of Lewisham, Lawyer
  • 1991
    Qualified - England and Wales
  • 1989
    Norton Rose, Trainee
  • 1988
    University of Bristol – LLB
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Out-Law / Insight by Elizabeth Budd

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