Budget announcement – CMC regulation

Budget announcement – CMC regulation

In the 2016 budget, it was announced that the government intends to transfer responsibility for regulating CMCs to the Financial Conduct Authority in the future. There are no immediate changes, and we continue to deal with complaints about poor service provided by CMCs.

We will remain engaged in the future of CMC regulation but in the meantime will continue our existing arrangements with the Claims Management Regulator and the Ministry of Justice.