Guidance

Claims management companies: financial penalties guidance

How the Claims Management Regulation Financial Penalties Scheme will operate from 29 December 2014

From:
Ministry of Justice
Published
12 December 2014
Last updated
17 December 2014 — See all updates

This publication was withdrawn on

This page has been withdrawn because it’s out of date. Responsibility for the regulation of Claims Management Companies has been taken over by the Financial Conduct Authority.

Documents

Claims management companies: financial penalties guidance

PDF, 154 KB, 16 pages

Details

Guidance on the operation of the Claims Management Regulation Financial Penalties Scheme which comes into force on 29 December 2014. This document contains information on:

  • the circumstances in which the regulator can impose a financial penalty on a regulated claims management company
  • how a financial penalty will be calculated
  • the range of financial penalties that may be imposed

Updates to this page

Published 12 December 2014
Last updated 17 December 2014 + show all updates

  1. Minor corrections have been made to the titles of the Penalty Band Table contained in Annex B of the guidance.

  2. First published.

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