Dan Jones
With a strong focus on the fintech sector, Dan advises some of the world's leading financial services firms on all aspects of their UK and European regulatory obligations.
Dan has experience across the full spectrum and life cycle of financial services firms: from determining whether the firm's products or services are the subject of financial services regulation, assistance in obtaining a regulatory license, interpretation of applicable regulations and implementation guidance through to M&A regulatory due diligence and skilled person's reports in the event of regulatory investigation.
His clients include global retail and investment banks, asset managers, e-money issuers and payments services providers, crypto-asset issuers, wallets and exchanges.
Dan's notable work includes advice to the UK Open Banking implementation body, the development of a digital only retail bank for a U.S. headquartered global bank and preparing the regulatory license application for a leading global payment services provider.
Before joining Orrick, Dan spent more than a decade working in UK ‘magic circle’ law and ‘Big 4’ consulting firms, advising leading fintech's on regulatory issues across the UK, Europe and the Middle East.
Practice Area
Panel
- Consulting Editorial Board
Experience
- Baker Botts (Special Counsel) (August 2021 - August 2022)
- EY (Manager, Senior Manager) (May 2015 - August 2021)
- Addleshaw Goddard (Associate) (September 2014 - June 2015)
- Clifford Chance (Trainee, Associate) (March 2013 - September 2014)
Qualifications
- Newcastle University, LL.B. (Hons), Law (2009)
- Moorgate College of Law, LPC (2010)
Education
- Newcastle University Law (2006-2009)
1 Contributions by Dan Jones
PRACTICE NOTES
UK consumer credit: employee/director loans and share schemes—scope, exclusions and FCA authorisation risks
This Practice Note considers when lending to employees or directors, and employee share schemes, might fall within the UK consumer credit regime, and the ramifications for a firm where its arrangements are not excluded...
Regulated activities–general
The Consumer Credit Act 1974 (CCA 1974), the Financial Services and Markets Act 2000 (FSMA 2000) and the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, SI 2001/544 (RAO) should be taken into account by firms that provide loans to their directors or employees.
This is because, in particular circumstances described in more detail below, a firm may be undertaking a ‘regulated activity’ as defined in RAO, SI 2001/544.
Entering into a regulated credit agreement as lender
Credit broking
Debt adjusting
Debt counselling
Debt collecting
Debt administration
Providing credit information services
Providing credit references
For additional guidance, see Practice Note: Regulated activities relating to consumer credit.
Under FSMA 2000, s 19, a firm that carries on a ‘regulated activity’ as part of its business in the UK must be authorised by the Financial Conduct Authority (FCA) or be exempt in order to do...
Financial Services
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