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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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9 March 2020
Liv­ing Wills in Out­sourcing Ar­range­ments
18 May 20
Coronavir­us and cus­tom­ers in tem­por­ary fin­an­cial dif­fi­culty: fi­nal...
The Fin­an­cial Con­duct Au­thor­ity (“FCA”) has is­sued its fi­nal guid­ance (and ac­com­pa­ny­ing feed­back state­ment) for in­sur­ance and premi­um fin­ance firms on the fair treat­ment of cus­tom­ers in tem­por­ary...
12 September 2018
Trans­form­ing In­sur­ance
In­dustry per­spect­ives on the op­por­tun­it­ies and chal­lenges...
14 May 20
Brexit ne­go­ti­ations: UK vs EU, Round Three
The third round of the ne­go­ti­ations on the fu­ture re­la­tion­ship between the UK and the EU takes place this week via video con­fer­ence. Lim­ited pro­gress seems to have been made so far to bridge the gaps...
13 April 2-17
New UK EU Re­la­tion­ship in Fin­an­cial Ser­vices
A Bi­lat­er­al Reg­u­lat­ory Part­ner­ship
07 May 20
Product value and coronavir­us: draft FCA guid­ance
On Fri­day 1st May, the Fin­an­cial Con­duct Au­thor­ity (the “FCA”) is­sued draft guid­ance for in­surers and in­sur­ance in­ter­me­di­ar­ies on product value and coronavir­us. The guid­ance high­lights the ac­tions...
27/05/2016
Risk Mat­ters: In­sur­ance Sec­tor Up­date (Spring 2016)
04 May 20
Coronavir­us and cus­tom­ers in tem­por­ary fin­an­cial dif­fi­culty: draft...
On Fri­day 1st May, the Fin­an­cial Con­duct Au­thor­ity (the “FCA”) is­sued draft guid­ance for reg­u­lated firms op­er­at­ing in the in­sur­ance and premi­um fin­ance mar­kets in re­spect of cus­tom­ers fa­cing tem­por­ary...
17/02/2016
Life, pen­sions & longev­ity risk
12 Mar 20
In­sur­ance 2020: In­sur­ance Com­pany In­vest­ment and the Prudent Per­son...
“No oth­er pro­tec­tion is want­ing, provided you are un­der the guid­ance of prudence” Ju­venal, Ro­man poet Since the im­ple­ment­a­tion of Solvency II, in­sur­ance com­pan­ies have had great flex­ib­il­ity to de­term­ine...
17/07/2014
Risk Mat­ters: In­sur­ance Sec­tor news­let­ter Sum­mer 2014
High­light­ing top­ic­al is­sues for in­sur­ance sec­tor par­ti­cipants
06 Mar 20
In­sur­ance 2020: LIBOR trans­ition and new re­quire­ments for OTC de­riv­at­ives
It has been more than two years since An­drew Bailey, Chief Ex­ec­ut­ive of the FCA, an­nounced the need for the mar­ket to trans­ition away from LIBOR be­fore the end of 2021. Reg­u­lat­ors and in­surers are fo­cus­ing...