The CLC administers a Compensation Fund on behalf of the profession.
The purpose of the fund is set out in this Policy Statement.
You can apply for compensation if you have suffered an actual loss of money or of monetary value arising out of work for which the CLC regulated Practice is legally responsible and if the Practice is unable to meet its liability in full.
You can make a claim if you have suffered a loss that was caused by
of a practice regulated by the CLC or of one of their employees. Each case is considered on its merits. Typically, the CLC will not respond claims relating to investment transactions.
We have absolute discretion to decide whether to make any payment out of the Fund –nobody has a legally enforceable right to a grant.
It is a fund of last resort – before we accept your claim, we may require you to recover your losses by all other means available, such as by making an insurance claim or by taking court action. The CLC will not consider making a payment unless it is satisfied that a person has taken all necessary and appropriate steps.
You should contact the CLC as soon as possible if you:
Application Forms are available by email, or you can call 020 3859 0904.
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