FSA maintains silence on mortage enforcement targets

clock

The FSA has today confirmed it will not be releasing the names of three firms referred to enforcement proceedings following the regulator's first major review of ‘higher risk' smaller mortgage firms since M-Day last year.

The FSA is also refusing to identify whether they are intermediary or other types of “firms”. Such refusal is standard practice in such cases, the regulator says. According to a statement on the referrals to enforcement, they are based on cases of non-disclosure of adverse information during the authorisation process. Additionally, two firms are being issued with private supervisory warnings, while another firm has agreed to cease trading after failing to hold adequate qualifications to write mortgage business. Enforcement action comes after a review of 51 “firms”, looking at sales...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Demand for IHT advice surges as advisers turn to business relief

Demand for IHT advice surges as advisers turn to business relief

Advisers becoming ‘more proactive’ in IHT discussions

Isabel Baxter
clock 03 December 2025 • 2 min read
Advisers urged to scrutinise governance when selecting investment partners

Advisers urged to scrutinise governance when selecting investment partners

Governance conversations ‘foundational’ to delivery of ‘strong’ investment outcomes

Sahar Nazir
clock 03 December 2025 • 2 min read
Targeted support could benefit 21.5 million people

Targeted support could benefit 21.5 million people

Royal London modelling shows

Isabel Baxter
clock 03 December 2025 • 2 min read