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REGULATION OF CLAIMS MANAGEMENT COMPANIES

EDM (Early Day Motion) 738: tabled on 20 November 2015

Tabled in the 2015-16 session.

This motion has been signed by 6 Members. It has not yet had any amendments submitted.

As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.

Motion text

That this House recommends that Claims Management Companies (CMC) regulation be made more effective by transferring oversight to the Financial Conduct Authority; and further recommends that reform cover transparency in all aspects of CMC involvement in claims, scope of current regulations, compliance and enforcement of rules, improvements to conduct rules, and a clear process for those affected by CMC activity to highlight poor and bad practice.