Your December 2024 mortgage & regulatory update

AMI's monthly mortgage & regulatory update, including FCA consultations, reviews and research and FOS small business complaints...

New Chief Executive of AMI announced today

The Association of Mortgage Intermediaries has today announced that Stephanie Charman has been appointed as the new Chief Executive of AMI...

Your November 2024 mortgage & regulatory update

AMI's monthly mortgage & regulatory update, including FCA consultations, surveys and policy statements, and a new green mortgage advice webinar...

What can our market expect under a new government?

As AMI Chief Executive Robert Sinclair prepares to step down, he writes for Moneyfacts on what the market can expect under a new governement...

The Later Life Lending Summit is less than a week away – why should you attend?

There is still time to register for the Later Life Lending Summit in Sheffield on 19th November, brought to you by AMI and the Equity Release Council...
Log in
Edit Content

Log in here for full access to all our great content

 

Please log in below with your username (which is your email address), using all lower-case letters.

 

Forgotten your password?
No problem, simply tell us you have forgotten your password to receive instructions instantly via email.

Having problems logging in?
If you are a current member but are unable to login, please first make sure you are using all lower-case letters for your username/email address. If you still have difficulties, please contact us via email at info@a-m-i.org.uk so we can rectify your problem.

Not a member?
Learn more about the benefits of becoming a member or apply online and we will be in touch.

AMI member? Log in here

Your December 2024 mortgage & regulatory update

AMI's monthly mortgage & regulatory update, including FCA consultations, reviews and research and FOS small business complaints...

New Chief Executive of AMI announced today

The Association of Mortgage Intermediaries has today announced that Stephanie Charman has been appointed as the new Chief Executive of AMI...

Your November 2024 mortgage & regulatory update

AMI's monthly mortgage & regulatory update, including FCA consultations, surveys and policy statements, and a new green mortgage advice webinar...

What can our market expect under a new government?

As AMI Chief Executive Robert Sinclair prepares to step down, he writes for Moneyfacts on what the market can expect under a new governement...

The Later Life Lending Summit is less than a week away – why should you attend?

There is still time to register for the Later Life Lending Summit in Sheffield on 19th November, brought to you by AMI and the Equity Release Council...
AMI member? Log in here

FCA Consumer Duty Information for Firms Update

update-1672353_1280

The FCA have updated their Consumer Duty information for firms page in response to ongoing queries and discussions around various concepts in the new rules. When we shared this page with members previously, it only had the sections on board champions and the definition of closed products (it also had a bit on October implementation plans, but this has been removed now the deadline has passed).

The FCA has expanded the page considerably. Below are the topics that may be of relevance to mortgage intermediary firms (click here to read the guidance):

  • Our expectations for outcomes monitoring
  • Retrospective application
  • Proportionality
  • Requirements for firms seeking authorisation
  • Portfolio and sector communications*
  • How the Duty applies to firms throughout the distribution chain
  • Information-sharing in the distribution chain
  • Clarifying the scope

*the remainder of these are expected in early 2023. The FCA has already issued a portfolio letter to ‘Independent Financial Advisers and Intermediaries’, however this is aimed at wealth and pensions advisers.

We will incorporate these clarifications into our future communications and guidance on Consumer Duty, and if firms have any questions, please get in touch.

© 2025 Association of Mortgage Intermediaries Limited.

AMI is the trading name of The Association of Mortgage Intermediaries Limited which is a company limited by guarantee, registered in England and Wales under the Companies Acts with number 7982341. Our registered address is Celixir House, Stratford Business & Technology Park, Innovation Way, Banbury Road, Stratford-upon-Avon, Warwickshire, CV37 7GZ.

View our Terms & Conditions.

View our Privacy Policy.

View our Annual Reports.

Login

Contact us

Membership enquiries

Site map
Linkedin Twitter Soundcloud