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Simmons & Simmons

CITYPOINT, ONE ROPEMAKER STREET, LONDON, EC2Y 9SS, ENGLAND
Tel:
Work +44 20 7628 2020
Fax:
Fax +44 20 7628 2070
DX:
12 LONDON CHANCERY
Email:
Web:
www.simmons-simmons.com

Jonathan Melrose

Tel:
Work 020 7825 4514
Email:
Simmons & Simmons

Position

Jonathan is a member of the financial services group that is part of the firm’s financial markets department. He specialises in UK and European regulation of the financial services and markets sector, including market infrastructure; asset management and the trading, clearing and settlement of securities, commodities and derivatives, including market conduct issues; and the operation and structure of financial services businesses.

Career

Trained Simmons & Simmons; qualified 1985; partner 1991; sits on the Commodities Committee of The Futures and Options Association; has recently spoken at seminars on: Developments in the Investment Services Directive, Outsourcing in the Financial Services Sector and Senior Management Arrangements under the FSA Regime; contributed a chapter on Consumer Relations: Complaints and Compensation in the recent edition of A Practitioners’ Guide to the FSA Handbook (City and Financial).


London: Corporate and commercial

Financial services

Within: Financial services

Praised for its 'very collaborative and proactive approach',¬†Simmons & Simmons displays 'great market knowledge' on behalf of both sell and buy-side participants and therefore has an excellent perspective of the market. The firm has been highly active on behalf of its hedge fund manager and asset manager client base on issues arising from MiFID ii implementation and Brexit. The team also stands out for its ability and willingness to innovate and this has been exemplified by the firm's MiFID ii Manager product, which socialises the costs and experience of MiFID ii implementation across the firm's client base. The 'superb' Charlotte Stalin was integral to establishing the product and has an excellent reputation on behalf of investment banks and global asset managers.¬†Penny Miller 'is excellent at explaining even the most cerebral and dry areas of law'. One of the City's leading experts on product governance and intervention, Miller has developed an excellent reputation in relation to Packaged Retail and Insurance-based Investment Products Regulation (PRIIPs) as well as in relation to advising on Senior Manager‚Äôs Regime implementation and risk management. Jonathan Melrose has ‚Äėgreat market knowledge‚Äô of commodities/derivatives matters and is a key member of the team that also includes 'superb' hedge fund expert Darren Fox and¬†Rosali Pretorius.¬†On the contentious front, ‚Äėthe very approachable and bright'¬†Richard Sims leverages off his former in-house expertise at the regulator to provide a 'high-quality service' to clients facing scrutiny from the FCA.¬†Emma Sutcliffe is also recommended.

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London: Finance

Commodities: derivatives

Within: Commodities: derivatives

Simmons & Simmons has a global presence in the commodities market and a highly rated derivatives practice based in London, which combine to give it a strong flow of mandates from both buy-side and sell-side clients, as well as market infrastructure providers. It is a frequent advisor to many of the world's leading banks and commodity traders, as well as prominent players in the European hedge fund industry. Its work encompasses trading in metals, bullion and energy alongside other commodities. The key names in the practice are Rosali Pretorius, who is an expert in regulatory matters, and Jonathan Melrose, who commodities and energy trading and finance practice group, and who specialises in European regulation on trading, clearing and settlement, asset management and market conduct. Darren Fox is also recommended for his knowledge of hedge fund manager regulation, exchange-traded derivatives and banking regulation.

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Legal Developments by:
Simmons & Simmons

  • Failure to counter financial crime: Norwich Union Life

    In December 2007, the Financial Services Authority (FSA) imposed a fine of £1.26m on Norwich Union Life (part of the Aviva Group), one of the largest life insurance businesses in the UK with around seven million customers. The fine related to failures to take reasonable care to establish and maintain effective systems and controls for countering the risks of financial crime. The fine is the latest confirmation of the emphasis being placed on protecting clients and customers from the threat of financial crime.
    - Simmons & Simmons

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