Jonathan Cary

Jonathan advises financial institutions, corporates and individuals in relation to enforcement actions by various English, Hong Kong and Asian regulators (in particular, the FCA and the FRC in the UK and the Securities and Futures Commission in Hong Kong) and in related internal investigations.

Jonathan has been involved in some of the largest and most high profile regulatory matters in recent years, including the multi-jurisdictional enforcement action against Aon relating to payments to intermediaries, the FCA's report into the failure of Royal Bank of Scotland and the 'Sons and Daughters' investigation in relation to the hiring practices of certain investment banks in Hong Kong.

He has also spent time on secondment to the litigation and regulatory teams of two investment banks, advising principally on internal investigations and regulatory inquiries and enforcement actions.

Jonathan is the co-chair of the TerraLex Regulatory Investigations, White Collar Crime & Compliance practice group.

Contributed to

1

Regulatory action against Senior Managers

Practice notes

This Practice Note considers enforcement action against Senior Managers under the Senior Manager and Certification Regime (SM&CR) by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA). It considers the circumstances in which regulators will investigate senior managers and the sanctions regulators can impose. It sets out practical considerations for both individual senior managers and their firms. Finally, it sets out recent enforcement action against senior managers.

Financial Services