Biography

Jonathan is a DPhil (PhD) candidate in Law at the University of Oxford, focusing on corporate law and securities regulation. His research investigates the role of self-regulation in stock exchanges, with a particular focus on the London Stock Exchange's Alternative Investment Market (AIM). Jonathan hopes to produce research that will further understanding on how corporate law rules and financial regulation can contribute to societal welfare and flourishing.

Jonathan was formerly based in Toronto, Canada, where he practised law in private M&A and securities. Jonathan completed an MSc in Law and Finance with distinction at the University of Oxford (Lincoln College), and received a Juris Doctor (Law) and Hons B.A. (History & Political Science) from the University of Toronto. 


 

INFORMATION SHEET FOR CURRENT STUDY

Reputation and self-regulation in securities markets: A study of the London Stock Exchange’s Alternative Investment Market

Ethics Approval Reference: R60653/RE002

1. Research overview and participation

This research involves a case study of regulation on the Alternative Investment Market (AIM) and seeks to understand the key drivers contributing to or hindering the quality of governance on AIM. You are being asked to participate in a short interview (approx. 20 to 30 mins) to confidentially share your perspective, without being named. You have been invited to take part because of your professional expertise and familiarity with AIM market practice. 

2. Information confidentiality

No individually identifying information will be published. Your permission is requested to use direct quotes in such a way that your individual identity cannot be guessed but that your AIM constituency is identified (e.g., qualified executive, company director, etc.). Due to the small sample size of certain AIM constituencies, complete anonymity (i.e., zero information potentially identifying the interviewee) cannot be guaranteed, although interviewee names and individually identifying information will not be published. Confidentiality cannot be fully guaranteed for non-encrypted forms of communication (e.g., telephone conversations). You will not be individually identified in dissertation-related publications and direct quotes will not be personally attributed to you. Your participation in the interview will be kept strictly confidential.

3. Benefits and risks to participating in the research

The principal benefit of taking part is the chance to contribute to the paucity of academic research on AIM that contribute to a deeper understanding of AIM’s self-regulatory model. Participants will also receive and be provided with the opportunity to comment on a summary report highlighting the study’s key research findings and recommendations.

No preparation is required on your part for the interview. No social risks (harm to your social welfare) and minimal economic risks (harm to your economic welfare) are involved in your taking part. At most, participants may reflect on the regulation of AIM and the conduct of their organisation as it relates to AIM.

4. Expenses and payments

There will be no payment for taking part in this study. Any food and beverage expenses incurred during the interview will be covered by the researcher.

5. Data security (GDPR)

Consistent with obligations under the EU General Data Protection Regulation (GDPR), only minimal personal data will be stored. Personal data includes your name and organisation details, along with audio recordings. Only the researcher will have access to this personal data stored confidentially on the researcher’s secure, password-protected computer. All research data (i.e., the information you provide) will also be stored confidentially using the researcher’s password-protected computer and encrypted electronic storage device.

In addition to the researcher, the researcher’s supervisors may have access to the research data and limited personal data (only audio recordings) in order to verify the accuracy of the research data (e.g., pseudonymised transcripts). Any files that need to be shared with the researcher’s supervisors will be encrypted prior to transferring them. All research data and records will be privately stored for at least three years after publication or public release of the work of the research, after which all audio recordings, full transcripts, and identifying information will be deleted.

The University of Oxford is the data controller with respect to your personal data, and as such has regulations that determine how your personal data is used. The University will process your personal data only for the purpose of the research outlined above.  Research is a task that we perform in the public interest. Further information about your rights with respect to your personal data is available from https://compliance.admin.ox.ac.uk/individual-rights.  

6. Research publication

The research will be described in the researcher’s dissertation document which will be deposited in the University of Oxford archives. In addition, the research may be published (with all participant information such as quotations anonymised) in a book or academic journal articles.

7. Research ethics approval

This study has been reviewed by, and received ethics clearance through, the University of Oxford Central University Research Ethics Committee (Reference number: R60653/RE002).

8. Questions or concerns about the study

If you have a concern about any aspect of this study, please speak to the researcher (jonathan.chan@law.ox.ac.uk) or his supervisors (john.armour@law.ox.ac.uk; luca.enriques@law.ox.ac.uk), who will do their best to answer your query. The researcher will acknowledge any concern raised by you within 10 working days and give you an indication of how he intends to deal with it. Please contact the researcher if you wish to discuss the research beforehand or should you have any questions afterwards. If you remain unhappy or wish to make a formal complaint, please contact the chair of the Social Sciences & Humanities Interdisciplinary Research Ethics Committee at the University of Oxford who will seek to resolve the matter in a reasonably expeditious manner: Email: ethics@socsci.ox.ac.uk; Address: Research Services, University of Oxford, Wellington Square, Oxford OX1 2JD.

Research projects