You need to register for temporary permission for FCA regulation by 1 April 2019 before applying formally or you will have to cease trading. At the point of temporary permission, you must be compliant with the FCA regulations appropriate for your sector, not wait until after authorisation has been granted. Our award-winning FCA authorisation team has experience with claims management companies and can make this whole process happen smoothly and on time.
There are six activities that will require FCA regulation:
Seeking out claims
Referrals of claims
Identification of claims
Advising a claimant or potential claimant
Investigating a claim
Representing a claimant
We can help you understand your new obligations, which are similar to those already used in the Investment and Insurance sectors, including call recording, prudential requirements (minimum capital levels) depending on your classification, segregated client money and Professional Indemnity insurance.
We have vast experience in building and monitoring compliant regimes. Once you have your FCA authorisation, we can work with you under a retainer agreement for continuing support. Clients also enjoy the use of our RegTech resources, including our client portal and e-learning platform, to support compliance management and training.
We offer practical, friendly guidance in a timely, proficient way and work with all claims management sectors, from personal injury through housing disrepair to criminal injuries. We understand them all and will tailor our support to your unique requirements.
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WHAT OUR CLIENTS SAY
The exceptional client outcomes and service experiences we deliver are the result of a diverse and inclusive team that set high standards, pull together to make it happen and never settle for the status quo.
Compliancy Services provided us with a professional service throughout our FCA application after the initial meeting to enable them to understand our business model. They completed our application for us in a timely manner and guided us through the responses to the questions raised by the FCA.””