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Claims management regulation is self financing, with claims management companies meeting the costs of regulation through payment of authorisation fees.
The fee levels are set in advance of the year to which they apply. They are calculated based on the expected number claims management companies that maintain their authorisations into the following year.
This consultation response summarises the responses received and sets out the fee levels for the regulation year beginning 1 April 2014.
This consultation invites views on the fees for applications for authorisation and annual fees for the regulation year 1 April 2014 to 31 March 2015 for claims management companies.