UK Regulators Ally To Promote Competition In Claims Sector
Law360, London (August 8, 2019, 12:54 PM BST) -- The Financial Conduct Authority and the Competition and Markets Authority have agreed to work together to help ensure there is effective competition for consumers using claims management companies, after the City watchdog began regulating the sector.
The FCA and the competition watchdog have updated a cooperation agreement to allow them to enforce updates to the regulatory framework for claims management companies, which help consumers seek compensation from finance firms.
The two regulators said Wednesday in an updated “memorandum of understanding” that they will join forces to investigate cases of suspected anti-competitive behavior by claims managers. The documents says the move will ensure...
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!