Claims management regulation: consultation on secondary regulations

This technical consultation seeks comments on the draft secondary regulations that will enable the transfer of claims management regulation to the FCA, with a focus on the scope of regulation and the FCA’s consultation requirements.

The regulations being consulted on will only form part of the final statutory instrument (SI). The final SI will also include the temporary permissions regime, transitional provisions to put the framework for the transfer in place, as well as consequential provisions.

The consultation also seeks comments on the design of a temporary permissions regime to help firms adapt to the FCA regime.