We issue consultations to seek views of stakeholders on our proposals to change our regulatory rules or procedures. We also regularly respond to consultations issued by other organisations. We can only currently receive responses via email or survey response.



Consultation on changes to consumer protection arrangements for clients of CILEX Authorised entities

This consultation seeks views on CRL’s proposal to remove the ability for CRL regulated firms to hold client money and replace the existing CRL overseen ‘client account’ arrangements with a Third-Party Managed Account (TPMA) supplied by Shield Pay.

CRL is proposing this change to ensure the longer-term sustainability of client protection arrangements related to potential dishonesty, which support CRL’s regulated firms, following the withdrawal last year of the insurer underwriting the CILEX compensation arrangements.

Access the full Consultation document.

How to respond 

Please send your response to CILEx Regulation by email to: consultations@cilexregulation.org.uk. Please mark it for the attention of Vicky Purtill.

Submission deadline

Please respond by 5pm on 8 July 2022.