One in six ambulance chasers failed to get FCA authorisation so far
Still processing 590 applications
More than 900 CMCs applied for temporary regulatory permissions in April 2019.
A total of 42 claims management companies (CMCs) have either withdrawn their application or been denied regulatory approval by the FCA, a freedom of information request by Professional Adviser has revealed.
Last April more than 900 firms applied for temporary regulatory permissions so they could continue operating while they went through the regulator's authorisation process. The temporary permissions mean...
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