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.
AMI and IMLA publish joint guidance on lender panel removals
The Association of Mortgage Intermediaries (AMI) and The Intermediary Mortgage Lenders Association (IMLA) and have published a joint framework for the governance of lender and intermediary relationships under the new mortgage rules that are now in place following the final implementation of the Mortgage Market Review (MMR) on 26 April.
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.
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.
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 more.
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.
