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The FCA began regulating the claims management industry from today. 
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The FCA has revealed more than 600 so-called ‘ambulance chaser’, or claims management companies (CMCs), have registered with the authority.
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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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The Financial Conduct Authority has today published its draft rules outlining how it plans to regulate claims management companies (CMCs) when it takes over their regulation from 1 April 2019.
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