Summary of business appointments applications - Hannah Nixon
Published 27 May 2015
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Hannah Nixon left her role as Senior Partner, Ofgem, in July 2014.
1. Managing Director, Payment Systems Regulator, FCA
Hannah Nixon sought permission to take up a paid, full-time position as Managing Director of the Payment Systems Regulator at the FCA.
When considering this application, the Committee noted that Ofgem may engage, from time to time, with the FCA as a fellow regulator. The Committee also noted that Ms Nixon has also had some contact with the FCA, which she described as very occasional contact with the FCA’s Chief Economist to share best practice and foster links between Ofgem and the FCA. She also declared one meeting in 2009 with FSA (as was) staff to inform work at Ofgem. However, the Committee took into account that Ms Nixon’s proposed role was advertised and she was the successful candidate.
The Committee took into account that Ms Nixon is likely to have ongoing governmental contact, but not for commercial or lobbying purposes. Ms Nixon has not had access to any information about related policy or commercially sensitive information and has not had contractual dealings with the FCA and was not responsible for anyone who did.
The Prime Minister accepted the Committee’s recommendation that the application be approved subject to the conditions that:
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Ms Nixon should not draw on privileged information available to her as a Crown servant;
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for two years from her last day of service, Ms Nixon should not be directly involved in work connected to her previous responsibilities at Ofgem; and
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for two years from her last day of service, Ms Nixon should not become personally involved in lobbying UK Government on behalf of her new employer or its clients.
The letter containing the final advice was sent in May 2014 and she took up the role in July 2014.