Paul Edmondson

Paul Edmondson

Partner

CMS Cameron McKenna Nabarro Olswang LLP
Cannon Place
78 Cannon Street
London
EC4N 6AF
United Kingdom
Languages English

Paul Edmondson is a partner in our Financial Services & Products team. He has over 20 years’ experience advising financial institutions on a range of regulatory and commercial issues.

Clients include banks, insurance companies (life and non-life), investment managers, insurance intermediaries, managing agents, broker-dealers and platforms, as well as the large corporate/pension fund clients of these institutions.

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“A strong technician”, Paul is recognised as a “Leading Individual” for both financial services and insurance regulation

Legal 500, 2015

Relevant experience

  • Regulatory change projects –insurers on Solvency II, fund managers on AIFMD and investment firms on MiFID II.
  • Governance –banks and insurers on the implementation of the senior managers regime
  • New products and services - advising a multi-national consultancy and investment manager on the development and launch of a range of pension products and a strategic tie-up with a platform and administration provider.
  • New distribution –a high street bank on multi-channel, multi-country distribution agreements with insurers.
  • Reorganisation –an international insurance group on a pan-European reorganisation in 18 countries through Part VII transfers and cross-border mergers and helping a high street bank to restructure its wealth management and advice offering.
  • Preparing for regulator visits –an insurance company for an FCA visit under the firm systematic framework and advising on the firm’s response.
  • Compliance with PRA and FCA rules and EU regulation – a wide range of prudential, governance and conduct issues.
  • Section 166 (skilled person appointments) – a global broker on how to handle and respond to a section 166 investigation.
  • Getting authorised – obtaining PRA/FCA/FSA authorisation for numerous insurers, investment managers, mortgage lenders, brokers and intermediaries.
  • Commercial contracts – drafting and negotiating a wide range of commercial contracts including investment management, custody, platform, distribution and outsourcing agreements.
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Education

  • MA Law, Trinity College, Cambridge
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12 September 2018
Trans­form­ing In­sur­ance
In­dustry per­spect­ives on the op­por­tun­it­ies and chal­lenges...
12/04/2019
Warn­ing to firms op­er­at­ing in the gen­er­al in­sur­ance sec­tor
On 10th April 2019, the FCA is­sued three pub­lic­a­tions con­cern­ing the gen­er­al in­sur­ance (“GI”) sec­tor along­side a warn­ing to firms op­er­at­ing with­in this sec­tor. The clear mes­sage from the FCA is that it will not hes­it­ate to in­ter­vene where it con­siders that.
13 April 2-17
New UK EU Re­la­tion­ship in Fin­an­cial Ser­vices
A Bi­lat­er­al Reg­u­lat­ory Part­ner­ship
11/04/2019
Brexit up­date for fin­an­cial ser­vices firms - week end­ing 5 April 2019
In out­line: The flow of Brexit re­lated FS pub­lic­a­tions has slowed as we await the out­come of the UK’s ap­plic­a­tion for a fur­ther ex­ten­sion of the Art­icle 50 no­tice peri­od (see Oth­er pub­lic­a­tions be­low) and the spe­cial European Coun­cil on 10 April.
27/05/2016
Risk Mat­ters: In­sur­ance Sec­tor Up­date (Spring 2016)
01/04/2019
Brexit up­date for fin­an­cial ser­vices firms - week end­ing 29 March...
In out­line: This was due to be the week of the UK's de­par­ture from the EU and, des­pite the post­pone­ment of Brexit, there was a flurry of activ­ity to com­plete the fin­an­cial ser­vices (FS) reg­u­lat­ory re­gime for a no-deal scen­ario (the ND re­gime).
17/02/2016
Life, pen­sions & longev­ity risk
26/03/2019
Brexit up­date for fin­an­cial ser­vices firms - week end­ing 22 March...
In out­line: The start of European Coun­cil sum­mit on Thursday 21 March provided the op­por­tun­ity for the EU to set out the basis for delay­ing the date (cur­rently 29 March) when the UK will leave the EU - by an ex­ten­sion of the Art­icle 50 peri­od.
17/07/2014
Risk Mat­ters: In­sur­ance Sec­tor news­let­ter Sum­mer 2014
High­light­ing top­ic­al is­sues for in­sur­ance sec­tor par­ti­cipants
18/03/2019
Brexit up­date week end­ing 15 March
In out­line: The ND re­gime There were fur­ther an­nounce­ments and pub­lic­a­tions about the fin­an­cial ser­vices (FS) reg­u­lat­ory re­gime that would ap­ply in a no-deal scen­ario i. e. if the UK leaves the EU without the trans­ition peri­od (TP) un­der the pro­posed With­draw­al.
16/06/2014
Life, pen­sions & longev­ity risk
15/03/2019
Brexit up­date for fin­an­cial ser­vices firms - week end­ing 8 March 2019
The week in out­line: There were fur­ther an­nounce­ments and pub­lic­a­tions about the fin­an­cial ser­vices (FS) reg­u­lat­ory re­gime that would ap­ply in a no-deal scen­ario i. e. if the UK leaves the EU without the trans­ition peri­od (TP) un­der the pro­posed With­draw­al.