Part XX exemption meaning

Background to the FCA regulation of claims management activities In April 2007, the Ministry of Justice (MoJ) created the Claims Management Regulation Unit (CMRU) to oversee and directly regulate claims management companies (CMCs). Since that point, the government has grown increasingly concerned about widespread misconduct within the claims management sector nationwide. In 2015, it commissioned the independent Brady Review to assess fully the nature and true scale of problems in the market and to propose practical improvements to regulation. The Review’s final report set out several detailed recommendations aimed at strengthening authorisation, supervision and enforcement processes for the regulation of CMCs. It concluded that, in principle, the most suitable route would be a new, standalone independent regulator focused solely and specifically on CMC regulation. However, given the government’s drive to reduce the number of public and arm’s-length bodies at the time, and because creating an entirely new organisation would probably be costlier than other options, the Report observed that the most credible alternatives were to strengthen the existing MoJ-based...

This Practice Note outlines consumer credit law following the shift of regulatory supervision to the Financial Conduct Authority (FCA). It considers key changes affecting insolvency practitioners (IPs). For further reading on consumer credit agreements, see Practice Notes: Regulated activities relating to consumer credit and The FCA consumer credit regime: an overview of rules on arrears, default and recovery... Regulatory oversight From 1 April 2014, oversight of consumer credit moved from the Office of Fair Trading (OFT) to the FCA. As part of this transition, the OFT licensing scheme under the Consumer Credit Act 1974 (CCA 1974) was replaced by the FCA’s authorisation regime under Part IV(A) of the Financial Services and Markets Act 2000 (FSMA 2000)... If a firm had: a consumer credit licence on 31 March 2014; and applied before 1 April 2014 for interim permission under FSMA 2000 and paid the fee it remained authorised from 1 April 2014, with a landing slot to apply for either full...

ARCHIVED : One persistent challenge for dispute resolution practitioners is staying current with case law developments that influence their speciality, or that bear on civil litigation procedure more broadly. This Practice Note distils the principal appeal authorities—namely rulings of the Court of Appeal and the Supreme Court and, where pertinent, selected judgments of the Court of Justice of the European Union (CJEU)—that we have covered, giving users straightforward access to those rulings; see: Key civil litigation appeals in review—2020. You can navigate this material via the table of contents in the left margin, or search this tracker with [CTRL]+[F]. The Practice Note also flags a number of anticipated appeals, where identified, to support horizon scanning. It is not designed to be a comprehensive catalogue of every appeal and/or significant decision of interest to dispute resolution practitioners. Note: regarding anonymity for natural persons when a request for a preliminary ruling is submitted to the CJEU, guidance issued by the CJEU provides: ‘To ensure the protection of the data of natural...