The FSA has cancelled the permissions of Cheshire-based mortgage broker Total Independent Mortgages for failing to submit its Retail Mediation Activities Return (RMAR) for 2010.
The regulator has issued a final notice to the Stockport broker on its decision to cancel its Part IV permissions with immediate effect. It said Total Independent Mortgages had failed to be "open and co-operative" in its dealings with the FSA. The FSA said it had made "repeated requests" to Total Independent Mortgages to submit its RMAR, which it had failed to do. As a result it failed to comply with regulations and satisfy the FSA it was "ready, willing and organised to comply" with its requirements and standards. "These failures, which are significant in the context of your su...
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