FCA’s implementation of the EU Mortgage Credit Directive
Following HM Treasury’s publication of its consultation on the EU Mortgage Credit Directive (MCD), the FCA has now published its consultation.
AMI secures consumer credit exemption for mortgage brokers
At the end of last week FCA published it policy statement on its final rules for the regulation of the Consumer Credit industry.
FCA revises its Consumer Credit fees proposals to assist smaller firms
Following feedback FCA has issued a revised Consumer Credit fees consultation paper to address the concerns raised about the impact its proposed regulatory fees regime would have on smaller firms.
FCA opens its consumer credit registration process
From today (2nd September 2013) Mortgage broker firms that hold a consumer credit licence will be able to register with the FCA to begin the process of transferring from the old OFT regime to come under the new FCA’s consumer credit remit.
Communications from FCA and OFT about Consumer Credit Licences
The Financial Conduct Authority (FCA) and Office of Fair Trading (OFT) have started to write joint letters to firms informing them of the changes that will be happening to the current Consumer Credit regime.
The Transfer of consumer credit to the FCA
AMI has responded to FCA’s and HM Treasury’s consultation papers on the transfer of consumer credit activities to the FCA.
