Chris advises insurers, reinsurers, brokers, fund managers, pay day and other lenders 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.
Since 2012, Chris has been recommended in the UK Legal 500, which note that he previously worked at the FSA; has 'excellent regulatory expertise', and a 'very good understanding of the regulatory landscape'.
Chris has advised insurers and reinsurers on their:
•Applications for a Part 4A 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;
•Applications for rule waivers;
•Applications to vary or cancel a Part 4A Permission;
•Exit strategies and run-off plans; and
•Response to the UK regulators' use of their own initiative Variation or Cancellation 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 client money obligations; and
•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:
•Pay day and other lenders on their response to borrower complaints, and borrower complaints to the Financial Ombudsman Service;
•On the establishment and operation of Crowdfunding and Peer-to-Peer lending platforms;
•Firms on their internal market abuse and other investigations, as well as on their regulatory reporting obligations; and
•Firms that have inadvertently carried on regulated activities in the UK without a Part 4A permission, on the regularisation of their affairs.
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.