Regulator blocks CMS authorisation for withholding information
IFA DB check problem
The Financial Conduct Authority (FCA) has refused to give regulatory authorised to a claims management company (CMC) after it failed to supply the watchdog with a myriad of information about its practices.
In a decision notice published on Tuesday (5 February) the regulator confirmed CMC FS Claims would not be given authorisation. According to the FCA, over a six-week period, FS Claims failed to respond...
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