FCA lists CMC regulation proposals

rules-regulations-stamp-papers

Claims management companies (CMCs) will need to give potential customers a summary document including examples of fees charged and an overview of services provided before any contract is agreed, under new proposals from the Financial Conduct Authority (FCA).

The watchdog will be taking over the regulation of CMCs on 1 April 2019 including in Scotland where they are currently unregulated.

Firms now have until April to let the FCA know of their intention to register for temporary permission and

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