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Portrait of 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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20 January 2021
ESMA ob­serves ques­tion­able re­verse so­li­cit­a­tion prac­tices after Brexit
The EU-UK Trade and Co­oper­a­tion Agree­ment and the end of the Brexit trans­ition­al peri­od on 31 Decem­ber 2020 has res­ul­ted in sig­ni­fic­ant changes to EU-UK trade in fin­an­cial ser­vices. In par­tic­u­lar, UK...
06 January 2021
What does the  EU-UK Trade and Co­oper­a­tion Agree­ment mean for fin­an­cial...
Fol­low­ing the end of the Brexit Trans­ition Peri­od, we as­sess the im­pact of the EU-UK Trade and Co­oper­a­tion Agree­ment on the UK fin­an­cial ser­vices sec­tor and set out our ana­lys­is of the key points be­low...
16 October 2020
We­bin­ar: Fo­cus­ing on fair­ness - Cul­ture and gov­ernance to de­liv­er fair...
The FCA wants firms to foster healthy cul­tures where con­duct and fair out­comes are at the fore­front of their busi­nesses.  In this we­bin­ar we will look how cul­ture and gov­ernance can sup­port pos­it­ive...
02 October 2020
We­bin­ar: Fo­cus­ing on fair­ness - Di­git­al­isa­tion of firms - fair value in...
The FCA has seen great­er di­git­al­isa­tion of the firms it reg­u­lates and ex­pects the so­cial changes driv­en by coronavir­us to ac­cel­er­ate the de­vel­op­ment of di­git­al mar­kets.  In this we­bin­ar we will look...
11 September 2020
FS We­bin­ar: Fo­cus­ing on fair­ness - Fair value products and prices
In this we­bin­ar we will dis­cuss one of the FCA’s key areas pri­or­it­ies for 2020 as it fo­cuses on fair value high qual­ity products and dis­tri­bu­tion net­works and re­turns to con­sider fair­ness as­pects of...
27 July 2020
Coronavir­us and cus­tom­ers in tem­por­ary fin­an­cial dif­fi­culty: pro­pos­als...
The FCA has an­nounced pro­pos­als to ex­tend a series of tem­por­ary meas­ures de­signed to help cus­tom­ers hold­ing in­sur­ance and premi­um fin­ance products and who may be ex­per­i­en­cing tem­por­ary fin­an­cial dif­fi­culty...
27 July 2020
Fair pri­cing in fin­an­cial ser­vices
En­sur­ing cus­tom­ers re­ceive fair value for fin­an­cial ser­vices is a ma­jor reg­u­lat­ory con­cern at the mo­ment. Is­sues of fair­ness in pri­cing are likely to be­come in­creas­ingly pre­val­ent and com­plex in the fu­ture...
16 July 2020
Ex­it­ing the Brexit trans­ition peri­od: The FCA provides up­date on im­pact...
Last week, the Fin­an­cial Con­duct Au­thor­ity (“FCA”) pub­lished an up­date to its webpage out­lining factors for UK firms to con­sider fol­low­ing the end of the Brexit trans­ition peri­od on 31 Decem­ber 2020...
01 July 2020
FS We­bin­ar: Fo­cus­sing on Fair­ness - FCA pri­or­it­ies for the year ahead
‘Fair­ness’ is set to be­come the reg­u­lat­ory buzzword for 2020 as the pan­dem­ic con­tin­ues to shed a new light on firms’ busi­ness mod­els. In this, the first of a series of Fin­an­cial Ser­vices We­binars...
15 June 2020
EIOPA to re­view fun­da­ment­al basis of su­per­vi­sion of in­sur­ance value chain
The European and Oc­cu­pa­tion­al Pen­sion Au­thor­ity (“EIOPA”) has launched a pub­lic con­sulta­tion on the (re)in­sur­ance value chain and new busi­ness mod­els arising from di­git­al­isa­tion (the “Dis­cus­sion...
11 June 2020
In­surers and in­ter­me­di­ar­ies have six months to re­view products im­pacted...
Back­ground The FCA has pub­lished its fi­nal­ised guid­ance for in­sur­ance firms on product value and coronavir­us.  Who does the Guid­ance ap­ply to? The guid­ance ap­plies to all firms car­ry­ing on reg­u­lated...
18 May 2020
Coronavir­us and cus­tom­ers in tem­por­ary fin­an­cial dif­fi­culty: fi­nal guid­ance...
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...