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The annual regulation fee levels paid by claims management companies (CMCs) are set in advance of the year to which they apply, and are calculated on the number of CMCs expected to apply or maintain their authorisation into the following year. The consultation paper published on 20 October 2017 set out proposed fee levels for 2018/19.
This paper summarises the responses received to that consultation and sets out the fee levels for the regulation year beginning 1 April 2018. Having considered the responses to consultation, and all of the factors that contribute to the current and future size of the industry, the Regulator has reached the view that annual regulation fee levels should remain unchanged for the 2018/19 regulatory year.
This paper sets out the levels at which claims management regulation fees (the fees collectable for applications for authorisation and the costs incurred by the Regulator through direct regulation of authorised CMCs) will be set for the 2018-2019 regulatory year and proposes the methods of calculation by which they will be collected.
This consultation is aimed at persons authorised to provide claims management services in England and Wales under the Compensation Act 2006 and those CMCs and individuals contemplating making an application for authorisation.