Chris Finney

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Phone44.207.556.4626

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Experience & Credentials
 

Practice Areas

  • Insurance & Reinsurance
  • Regulatory & Transactional Services
  • Public Policy & Government Relations
  • Business Law
 
EducationCollege of Law, York, (PGDL); Middlesex University, London (LL.B.)
 
AdmittedEngland & Wales
 
Biography

Chris advises insurers, reinsurers, brokers, fund managers, lenders and others on a wide range of financial services regulatory issues.

Chris is often asked to speak about, and to comment on, current financial services regulatory issues, and to provide in-house training on them. He is regarded as a thought leader on Solvency II, in particular.

Chris is recommended in the UK Legal 500 (2012), which notes he previously worked at the FSA and has ' excellent regulatory expertise '.

Chris has advised insurers and reinsurers on their:

· Applications for a Part IV permission;

· Applications for "controlled function holder" approval;

· Prudential issues, including the effect of reinsurance and reinsurance-like contracts on an insurer's regulatory capital;

· Conduct of Business and Insurance Conduct of Business issues;

· Inwards and outwards passporting;

· Part VII transfers of business, and Part XII acquisitions of control;

· Outsourcing arrangements;

· Applications for an FSA rule waiver;

· Applications to vary or cancel a Part IV Permission;

· Exit strategies and run-off plans; and

· Responses to the FSA's use of its Own Initiative Variation of Permission, information gathering, Skilled Persons Report, and other powers.

Chris has also advised insurers, banks, insurance brokers, coverholders. motor manufacturers and motor dealers, service providers to the insurance sector, and others on:

· Their coverholder and insurance mediation contracts;

· Their FSA client money obligations;

· Whether the activities they would like to engage in are regulated, and whether the contracts or warranties they would like to offer are contracts of insurance in law.

Chris' experience of advising on regulatory issues in the wider financial services sector includes advising:

· Deposit takers and E-Money, Payments Services, Crowdfunding, Peer-to-Peer lending, and Consumer Credit businesses on their FSA, OFT and other obligations;

· Fund Managers on their responses to the FSA's thematic work on suitability, conflicts of interest and other matters;

· UK firms on their internal market abuse investigations and reporting obligations; and

· Firms that have inadvertently carried on regulated activities in the UK without an FSA permission on the regularisation of their activities, and their strategy for approaching the FSA and defending any action it might take against them.

Before Edwards Wildman

Chris spent almost a decade working in the General Counsel's Division at the Financial Services Authority, where he advised the FSA on its supervision of insurers, reinsurers, brokers and banks. Chris' FSA experience includes drafting the FSA rules that implement the Distance Marketing Directive and the E-Money Directive in the UK. Chris also drafted the non-MiFID parts of the FSA's COBS sourcebook, and parts of the GENPRU, IPRU and SUP manuals.

Besides Edwards Wildman

Chris is a keen cyclist. He's a member of the Lloyd's Cycling Club. He has completed the Land's End to John O'Groats cycling challenge twice. He also enjoys music, walking his dogs and spending time with his wife and daughter.

Memberships

City of London Law Society

City of London Solicitors' Company

British Insurance Law Association

Financial Services Lawyers Association

Lloyd's Cycling Club

 
ISLN922170547
 

Documents by this lawyer on Martindale.com

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An Introduction to Corporate Participation at Lloyd’s
Damian Connolly,Chris Finney,David R. Kendall,William Slaiding, February 27, 2014
Lloyd’s of London is perhaps the most famous insurance brand in the world. Yet for those not actively involved in the market, its structure and methods of doing business have until recent years largely remained a mystery. After three centuries of operation (with its capital being provided by...

Solvency II - ECIROA Raises Concerns Over Solvency II for Captives
Kimberley Cottrell,Chris Finney, December 26, 2013
The European Captive Insurance and Reinsurance Owners’ Association (ECIROA) has written to the Internal Market and Services Directorate General of the European Commission, and the European Insurance and Occupation Pensions Authority (EIOPA).

UK: FCA Consults on Crowdfunding
Chris Finney,William Slaiding, November 11, 2013
On 24 October 2013, the Financial Conduct Authority (FCA) published a consultation paper regarding its regulatory approach to crowdfunding (CP13/13).

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Office Information

Chris Finney

69 Old Broad Street
London 
 

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