FCA supervision of CMCs
FCA sets out key priorities for CMC regulation
The Financial Conduct Authority (FCA) has outlined its approach to supervising claims management companies (CMCs) over the next two years, focusing on areas of concern and ensuring firms meet regulatory expectations.
The FCA has identified key risks within the sector, including:
Weak governance and oversight in some firms
Failures in due diligence and compliance
Consumer harm due to misleading practices
To remain compliant, CMCs must strengthen their processes and governance structures. Read the full details of the FCA’s supervisory approach here.
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