We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

FCA Sets Out New Rules For Claims Management Cos.

Law360, London (December 17, 2018, 6:00 PM GMT) -- Claims management companies will have to meet tough new rules to obtain authorization by the Financial Conduct Authority from April 2019, which they will require if they are to operate within the law, the City regulator said Monday.

The FCA's rules — which will include a code of conduct for companies in the claims sector — will be similar to those which apply to other financial services companies it regulates. Companies will be also obliged to maintain records of calls to customers.

Jonathan Davidson, executive director of supervision at the watchdog, said the new regime aims to drive up standards in a sector...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!