As the regulator makes clear its expectations of adviser firms at this stage, Compliance First's Janice Laing provides a handy guide to the upcoming Mortgage Market Review.
The Mortgage Market Review (MMR) rules come into force in just under five months’ time (26 April 2014) and the Financial Conduct Authority (FCA) is expectant that all firms offering advice on mortgages should be reasonably far along in their planning for the implementation of this new regulation. In fact, the regulator started tracking the progress of all licensed firms that hold permissions to conduct mortgage business during Q2 of this year with an online questionnaire. The MMR has been likened to a Retail Distribution Review (RDR) for the mortgage sector and I am sure everyone who ...
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