Jonathan Chertkow

Jonathan Chertkow


Email jonathan.chertkow@​

Phone +44 20 7296 2191

Fax +44 20 7296 2001


Practice groupGlobal Regulatory

"Jonathan Chertkow is a well-regarded payments regulatory specialist with experience advising major banks."

Chamber UK 2020

Jon is a partner in the Financial Services team. He helps banks, consumer finance firms, payment service providers and Fintechs navigate the ever-changing regulatory environment and manage risk. Using industry and regulatory knowledge built up over nearly 20 years working in this sector, Jon helps clients innovate through new products or new operations, carry out compliance audits of their existing business and engage with regulators and customers. Clients recognise him as "a go-to person to launch a complex or different product, particularly in the digital environment" (Chambers UK 2020)

Jon also brings his regulatory and industry knowledge to assist clients in entering into strategic outsourcing agreements and M&A activity, including strategic investments, loan portfolio acquisitions and disposals and Part VII banking transfers. His understanding of the day-to-day regulatory requirements means that he can bring commercial solutions to the deal, helping clients identify, quantify and mitigate risks.

Jon advises on issues arising under sector specific regulations, including the Consumer Credit Act, the Payment Services Regulations, E-money Regulations, BCOBS, CONC and MCOB, as well as the impact of unfair terms, consumer rights, data privacy and AML in the financial services sector. In addition, Jon advises on new technologies, including digital currencies and blockchain and frequently works with colleagues around the world to assist clients who operate across jurisdictions in understanding the latest regulatory trends in relevant jurisdictions.

Jon is ranked for both consumer finance and payments by Chambers UK. "His technical skills are exceptional, his industry knowledge is outstanding and he comes up with good, workable solutions." Chambers UK, 2020

Education and admissions


B.A., University of Oxford, Pembroke College, 2000

Related knowledge

FIS Horizons

Representative experience

Acting for a number of banks on the implementation of the Payment Services Directive and the Consumer Credit Directive.

Advising on regulatory issues affecting new and existing products.

Carrying out audits of regulatory compliance.

Acting on transfers of banking business under Part VII of the Financial Services and Markets Act.

Acting for a major investment bank in relation to new servicing agreements for various securitised loan and mortgage portfolios.

Acting on regulatory issues related to the bank charges litigation.

Advising on integration projects.

Advising retailers on a number of contractual joint ventures for the provision of credit and store cards to their customers.

Acting on the sale of loan and credit card portfolios.

Loading data