Regulated Claims Management Activities - What Law Firms & CMCs Need to Know
Type | Speaker | CPD Hours | Level |
---|---|---|---|
Webinar
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0.50 | Intermediate |
Course Outline
Introduction
Following an independent review, commissioned by HM Government, of claims management regulation, in 2019 the Financial Conduct Authority (‘FCA’) took over from the Ministry of Justice as the regulator of claims management companies (‘CMCs’).
To bring claims management activities within the regulatory perimeter of the FCA, amendments were made to the Financial Services and Markets Act 2000 and the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001.
This webinar will examine the statutory definition of regulated claims management activities, the statutory exclusions, and exemptions available to unauthorised persons, the regulatory risk to non-compliant CMCs and law firms involved with such entities, and the authorisation and supervision by the FCA of CMCs.
What You Will Learn
This webinar will cover the following:
- The general prohibition and the definition of regulated claims management activities
- The regulated activity of agreeing to carry on claims management activities
- The relevant statutory exclusions and exemptions
- The problem with the legal professional exclusion
- The overlap with the ban of referral fees under Legal Aid, Sentencing and Punishment of Offenders Act 2012
- Authorisation and supervision by the FCA of in-scope CMCs
This pre-recorded webinar will be streamed at 12:30pm on Wednesday 1st March 2023 and will remain available to view by delegates who have registered by then for 90 days.
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Webinar | 01.03.2023
Individual | 30mins
Regulated Claims Management Activities - What Law Firms & CMCs Need to Know
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Mar 1 2023 | 30mins | Individual |