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Claims management companies entered FCA regulation on 1 April

Publish date: 05 April 2019
Issue Number: 65
Diary: CompliNEWS
Category: General

The UK's Financial Conduct Authority (FCA) on Monday 1 April 2019 began regulating the claims management industry. All claims management companies (CMCs) in England, Scotland and Wales will now have to demonstrate they meet and maintain minimum standards set by the FCA. All existing and new CMCs will need to apply to the FCA for authorisation.

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