The financial conduct authority and payment systems regulator boards have appointed new members to their respective competition decisions committees and the latter’s enforcement committee.
The new members of the all three committees comprise Lesley Ainsworth, Simon Polito, David Thomas and Tim Tutton, while Alasdair Smith has joined the FCA’s CDC.
Their remit is to make decisions on competition law and regulatory issues when a settlement can’t be reached.
All of the new members will draw on deep experience from roles that include Ainsworth’s 30 years’ work in the legal sector as a competition lawyer, Polito’s 35 years at global lawyers Hogan Lovells as a competition law specialist, Smith’s work as an Emeritus professor of economics and as deputy chair of at the competition commission, Thomas’s 34 years as an accountant and economist, and Tutton’s 30 years’ experience in economic regulation.
FCA and PSR chairman Charles Randell says: “The candidates all have considerable competition and regulatory experience in a variety of sectors, and will enable these decision-making committees of the FCA and PSR to maintain high standards in their important work.”