Experts remain wary despite ambulance chaser regulation

Experts have cautiously backed a new regulation regime which will see the FCA oversee claims management companies (CMCs), so called ‘ambulance chasers’, but say there is no time for complacency.

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900+ 'ambulance chasers' enter FCA regulation today

The FCA began regulating the claims management industry from today. 

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‘Ambulance chasers’ must register to continue operating

Claims management companies (CMCs) - so-called ‘ambulance chasers’ - can now register for the temporary permission they need to operate when the FCA takes over regulation.

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FCA says regulating ‘ambulance chasers’ to cost £17m

The FCA is set to take over regulation of claims management companies and estimated the cost to be in the region of £17m.

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