Fsa
Puberty. It brings with it so many changes. Some welcome, some not so welcome.
The FSA has withdrawn the permissions of IFA Duncan Brown & Co LLP to carry on regulated activities for failing to pay fees and levies of £8,663.06.
This is the Mortgage Solutions weekly talk back page.
Other Fsa articles
The FSA has been awarded £8,665 in legal costs after successfully defending its position to cancel the permissions of Scottish accountancy firm James Perman & Company (JPC).
Last week, the FSA announced that it has further delayed the introduction of the approved persons regime for mortgage sellers, with no timescale for its launch.
Five major UK mortgage lenders have confirmed that they have no plans to change their current interest-only stances, after the UK’s two biggest mortgage lenders, Lloyds Banking Group and Santander, both restricted criteria within a week of each other.
Margaret Cole is to step down from her role as managing director at the Financial Services Authority (FSA) ahead of its restructure.
Applying for a mortgage-related lending licence from the FSA takes tenacity, patience, and in-depth planning, explains Serena Joseph, partner at regulatory consultants Joseph & Hepple-Wilson.
This is the Mortgage Solutions weekly talk back page.
The FSA has further delayed the introduction of the approved persons regime for mortgage sellers, with no timescale for its launch.
Santander is reducing the maximum Loan to Value on its interest-only residential deals to 50% from Friday.
The FSA’s rigid guidelines for compensating customers mis-sold payment protection insurance (PPI) will be impossible for lenders to achieve without significant and rapid investment in systems and process, according to a software firm Charter UK.
The FSA will switch to ‘twin peaks’ regulation from 2 April, with one part overseeing prudential matters and the other conduct regulation.
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Reasons to be Cheerful
It's not all doom and gloom out there in the mortgage industry, so click here for a dose of cheer.
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