Final Notice
On , the Financial Conduct Authority issued a Final Notice to Barclays Bank Plc
RTC Management Solutions Ltd
The FCA has refused RTC Management Solutions Ltd’s application to be
authorised to conduct claims management regulated activities.
This decision follows the transfer of regulatory responsibility for claims
management companies (CMCs) to the FCA on 1 April 2019. RTC Management
Solutions Ltd applied for permission to conduct claims management regulated
activities on 31 July 2019. A final Notice refusing its application was issued by the
FCA on 27 January 2022.
The FCA refused the application as it cannot ensure that RTC Management
Solutions Ltd will satisfy and continue to satisfy the threshold conditions set out
in Schedule 6 of the Financial Services and Markets Act 2000, in particular the
Effective Supervision, Appropriate Resources and Suitability threshold conditions.
The threshold conditions are the minimum standards that firms must meet in
order to be authorised by the FCA.
The FCA has refused RTC Management Solutions Ltd’s application to be
authorised to conduct claims management regulated activities.
This decision follows the transfer of regulatory responsibility for claims
management companies (CMCs) to the FCA on 1 April 2019. RTC Management
Solutions Ltd applied for permission to conduct claims management regulated
activities on 31 July 2019. A final Notice refusing its application was issued by the
FCA on 27 January 2022.
The FCA refused the application as it cannot ensure that RTC Management
Solutions Ltd will satisfy and continue to satisfy the threshold conditions set out
in Schedule 6 of the Financial Services and Markets Act 2000, in particular the
Effective Supervision, Appropriate Resources and Suitability threshold conditions.
The threshold conditions are the minimum standards that firms must meet in
order to be authorised by the FCA.