Jonathan Chertkow

Jonathan Chertkow


Email jonathan.chertkow@​

Phone +44 20 7296 2191

Fax +44 20 7296 2001


Practice groupGlobal Regulatory

'Jonathan Chertkow is 'very helpful and knowledgeable.' He is a consumer finance and payments specialist and acts for a range of clients, including commercial and retail banks and FinTech businesses'.

Chambers UK 2016

Jon is a partner in the Payments, Banking, and Lending team. Jon works with banks, lenders, payment innovators, and retailers to keep on top of regulatory change affecting the banking and payments industry. Using industry and regulatory knowledge built up over more than 16 years working in this sector, Jon helps clients launch new products, establish new operations, carry out compliance audits of their existing business, and engages with regulators and customers. Jon also brings his regulatory and industry knowledge to assist clients in entering into strategic outsourcing agreements and mergers and acquisitions activity, including loan portfolio acquisitions and disposals, Part VII banking transfers, and card co-branding arrangements.

Jon's sector experience helps him to anticipate the regulatory direction of travel and the operational difficulties that regulation can cause, enabling clients to spot issues early and adopt workable solutions to cut through the mass of often competing regulation. He advises on issues arising under sector-specific regulations, including the Consumer Credit Act, the Payment Services Regulation, Banking Conduct of Business Sourcebook, Consumer Credit sourcebook, and Mortgages and Home Finance Conduct of Business sourcebook. He also advises on the impact of unfair terms, consumer rights, data protection, and anti-money laundering in the financial services sector. In addition, Jon frequently works with colleagues around the world to assist clients who operate across jurisdictions in understanding the latest regulatory trends in relevant jurisdictions.

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.

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