AMI explains FSA regulation to 'struggling' brokers

Moves to help mortgage intermediaries are now being enacted as Mortgage Day - October 31st 2004 sees the non-regulated industry come under the regulatory umbrella - is now less than eight months away from implementation, and many advisers have not even begun their paperwork. When the new FSA regulations come into force, all directly authorised intermediaries will have to meet the minimum business standards, including specific provisions for PII and capital. Firms that will not manage to do so by October 31 will be operating in breach of the FSA's rules. In order to make life a bit ea...