Regulatory AlertsCP23/6: Quarterly Consultation Paper No. 39
The Financial Conduct Authority proposes amendments to the Annual Claims Management Report form (CMC001) to provide additional guidance and adjust field numbering for claims management companies. These changes clarify reporting requirements regarding relevant connections to firms carrying on Financial Services Compensation Scheme-eligible activities, ensuring firms accurately notify the regulator of specific individuals involved. The FCA considers these updates to impose minimal or no additional costs while enhancing the effectiveness of sector supervision.
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