|
Mark Boleat surprised delegates at a recent
legal conference by suggesting the 6th April Regulation
deadline may need to be delayed - 26th February
2007
In what is likely to be a busy year for the
compensation industry, Mark Boleat the newly
installed Government Regulator
has admitted that there may be
delays in implementing the new
rules.
The official start date for
the regulations scheduled for
the 6th April 2007 is now
thought to have been put back
because of the last minute surge
in companies applying for
regulation. Around 1200 firms
have now applied which is far
more than was expected.
Many firms were expected to
fold or merge rather than
subject themselves to the
rigours of regulation. However
the officials have been
surprised by the volumes and now
have their work cut out to stay
on track.
The regulations are designed
to control the way
compensation claims are
handled by firms that are not
subject to regulation by the Law
Society or other formal bodies.
More information can be found
on the
DCA official regulatory website:
CALL 0800 0322210 - or if
preferred contact our discreet ONLINE CHAT LINE - or
complete our enquiry form opposite.
|