Category: Newsflash22

Aug 22 – Important update for firms that sell protection and/or GI

All mortgage intermediary firms that distribute protection and/or GI should have received, by email, two letters from the FCA…

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July 22 – Consumer Duty: AMI view

Yesterday saw the release of the long awaited FCA Consumer Duty policy statement. As part of AMI’s consultation response and direct engagement with the regulator…

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July 22 – Update on cladding

Six of the largest lenders have moved one step closer to lending on flats with Grenfell related cladding problems…

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July 22 – Fees and levies 22/23

This year mortgage intermediary firms have been shielded from increases to their 22/23 FCA fees and levies invoices..

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Jun 22 – Be prepared for the FRN system update

The FCA has announced it will soon run out of 6-digit Firm Reference Numbers to allocate to newly-authorised firms…

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Jun 22 – FCA financial resilience survey

Between 20-24 June 2022 mortgage intermediary firms will receive, via email, a FCA financial resilience survey…

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Jun 22 – FCA update: clarification on ‘use it or lose it’

In our May newsletter, we alerted members to the FCA’s new power to act more quickly against firms….

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May 22 – FSCS Levy Update for 2022/23

Good news for mortgage broker firms – the FSCS has announced that its total levy on firms for 2022/23 will be £625m….

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May 22 – Implementation of new charge for applications under SMR and CF(AR)

The FCA has now confirmed that 27th May 2022 will be the ‘go live’ date for a new £250 charge…

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Apr 22 – Consumer Duty – how can my firm prepare?

The FCA’s Consumer Duty is a key regulatory topic for 2022 and beyond. Although finalised rules and guidance are yet to be confirmed…

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