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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.

HM Treasury consults on the implementation of the EU mortgage credit directive

  HM Treasury has published its consultation on the implementation of the EU mortgage credit directive (MCD). The aim of the consultation is to ensure that the UK meets its obligation to transpose the MCD by 21 March 2016.

FCA’s guidance consultation on using social media for financial promotions

  FCA has issued a guidance consultation on its supervisory approach when firms use social media for financial promotions.

FCA publishes its proposals for regulatory fees and levies for 2014/15

  FCA has published its consultation on the proposed regulatory fees and levies for 2014/15.

Final reminder to register for FCA interim permission

  As you are aware OFT’s Consumer Credit regime is transferring to the FCA on 1 April 2014.

FCA publishes guidance on its ‘outcomes based’ approach to supervision

  In October 2012 FCA outlined the main features of its new approach to supervision and then in July 2013 it published its approach to advancing its objectives.

MMR update – FCA webcast and FAQs

  The FCA recently conducted surveys to establish lender and broker readiness. In undertaking this, brokers indicated there were a number of areas where they wanted more information.  These included

FCA updates its Thematic Review on the risks to customers from financial incentives

  FCA has provided an update on its work on financial incentives. In general, FCA’s view is that firms have done well in making changes to their incentive schemes and improving their controls but that some firms need to do

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.