Consumer Duty monthly blog – July 2023

In this month’s AMI Consumer Duty blog – Let’s talk about risk, and what it really means to ‘avoid causing foreseeable harm’…
AMI updates its guidance to member firms on operating outside the UK

Following discussions with a range of firms, AMI is updating its information on circumstances where firms might be operating outside the UK…
FCA issues Building Safety update for mortgage intermediaries

The FCA has shared an update with us to clarify where brokers stand when advising customers buying or selling a leasehold property with building safety issues…
AMI updates its Consumer Duty Q&A

With less than a week to go until Consumer Duty comes into force on existing products and services, AMI has updated its Q&A document…
Guide to ‘Understanding lender funding, product availability and pricing’
IMLA and AMI publish new guide to ‘Understanding lender funding, product availability and pricing’
AMI dinner sees over £3,000 raised for Baton of Hope

There is still time to donate to this fantastic initiative, Baton of Hope, supporting its essential work for suicide awareness and prevention…
FCA confirms 2023/24 fees and levies rates

FCA confirms 2023/24 fees and levies rates and has proceeded with its proposals to freeze minimum fees, authorisation fees and the AR/IAR levy…
ICO updates

The Information Commissioner’s Office have released additional SME and SARs resources.
Working in Mortgages Mentoring Scheme
Working in Mortgages has launched a free industry wide mentoring scheme
Advice for firms using MOVEit file transfers

A vulnerability to the file transfer application MOVEit has been identified…