Advisers struggling to keep up with regulatory changes - Ami

The trade association’s latest survey of members reveals 47% of mortgage brokers feel keeping up to date with regulatory changes to be the greatest challenge they currently face. A further 13% say completing the Retail Mediation Activities Return (RMAR) creates problems while 12% say record-keeping is an issue. Other aspects of regulatory difficulty include training and competence, obtaining key facts illustrations from lenders and sourcing systems and Treating Customers Fairly (TCF) requirements. Regulations and the cost of compliance were cited by the majority (53%) of intermediaries ...