REGULATION OF CLAIMS MANAGEMENT COMPANIES

Early day motion 738, tabled 20 November 2015 by Peter Bottomley (Conservative). Signed by 6 members.

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.

Signatures by party: Labour 3, Social Democratic and Labour Party 2, Conservative 1.