Kai Zhang is a special counsel and a member of the Asset Management and Investment Funds practice and a member of the Payments, Banking Regulation, and Consumer Financial Services practice.
His primary focus is the regulation of asset management and investment firms, including AIFMD, UCITS and MiFID II as well as the related financial services regulatory frameworks such as regulated activities, financial promotion, TCFD disclosures and the Consumer Duty. The matters he advises on include investment funds distribution, asset manager prudential requirements, FSMA licensing, changes in control and conduct of business requirements such as client categorization and remuneration codes.
He also advises regularly on the regulatory requirements for payment service providers and e-money issuers and other fintech firms including crypto asset businesses, such as the Payment Services Regulations, the Electronic Money Regulations, the Interchange Fee Regulation, the crypto financial promotion rules and other issues within the full spectrum of payments and e-money regimes including FCA authorisation, open banking requirements and operational compliance support. His clients in these areas include large banks, authorised payment firms, payment gateway operators, technology providers and card programme operators.
