CMC regulatory burden should fall on insurers too, argues legal sector
Claimant lawyers have slammed the financial watchdog’s proposal to regulate claims management companies, arguing it unfairly penalises practicing firms and that insurers should be made to take a share of the burden too.
In a consultation paper released on Tuesday, the financial services watchdog said regulating the sector will cost around £16.8m from April 2019 until 2020/21, a figure that the regulator said it plans
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