Guidance

Claims management companies: financial penalties guidance

How the Claims Management Regulation Financial Penalties Scheme will operate from 29 December 2014

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Guidance on the operation of the Claims Management Regulation Financial Penalties Scheme which comes into force on 29 December 2014. This document contains information on:

  • the circumstances in which the regulator can impose a financial penalty on a regulated claims management company
  • how a financial penalty will be calculated
  • the range of financial penalties that may be imposed
Published 12 December 2014
Last updated 17 December 2014 + show all updates
  1. Minor corrections have been made to the titles of the Penalty Band Table contained in Annex B of the guidance.
  2. First published.