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Post by Denise on Nov 24, 2004 23:10:58 GMT
Regulation of Claims Management Companies 22nd November 2004 by Tony Burns-Howell All acquirers of cases, Claims Management companies (CMCs) and other stakeholders in the claims industry need to act now if they want a voice in how it is regulated. In his recent speech the Lord Chancellor, Lord Falconer, accepted the recommendation of the Better Regulation Task Force that the claims industry should put in place a method of regulation, and have it aproved by the OFT, by the end of 2005 or regulation would be imposed. To assist the claims industry voluntarily to self-regulate and to demonstrate direct and public Government support of the activities of the CSC to become the Regulator, the Department of Constitutional Affairs is in the process of creating a Ministerial Committee. Chaired by Lord Lammy, the committee will include key stakeholders from the industry and will review the proposed rules and constitution currently being prepared by the CSC. In order to make its voice heard, the CSC will provide two or three members to the committee. To access the full article and download the proposed consumer code of practice please follow the following link www.cpims.com/news.htmIf you would like to post a comment or reply to this post email addresses are available on the above link or alternatively click on reply at the top of the page and then post your comment.
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Post by Denise on Jan 10, 2005 16:48:07 GMT
A national meeting of case acquirers, organised by the Claims Standards Council, will be held at the Motor Cycle Museum in Birmingham on Thursday 3rd February 2005, to discuss the framework for self-regulation in the personal injury sector.
Space will be limited and you are advised to book a place early by emailing your details to conference@claimscouncil.org. The cost is £100 plus VAT, including lunch. Please forward cheques to the CSC at 69 Wigmore Street, London W1U 1PZ.
Chris Sheppard
The Claims Standards Council 69 Wigmore Street London W1U 1PZ
020 7486 6660
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