The ifa guide to fsa regulation of mortgage sales

Content
Section One - The Sourcebook
-Authorisation including threshold conditions and scope of permission
-Approved persons
-Client money
-Appointed representatives
-Reporting
-Complaints handling
-Senior managment arrangements, systems and controls
-Disclosure of the firms status
-Financial resources requirements
-Professional indemnity insurance
-Record keeping
-FSCS and FOS


Section Two - MCOB Rules
Background to mortgage regulation including critical dates. What is a regulated mortgage contract (and what is not).
Which mortgage activities are regulated. Financial promotion including 'cold calling' rules Advising and selling standards:
-Scope of service (whole of market, limited panel, single lender)
-What must I do to descrbe myself as 'independent'
-Initial disclosure documentation
-Advised sales versus non-advised sales
-Suitable advice rules, including affordability
-Using mortgage sourcing systems in the sales process
-Self certification
Pre-sale disclosure: Key facts illustrations (timing, responsibility, content, commission, disclosure, etc)
Lifetime mortgages: advising and selling standards (as above). Working with the mortgage and investment sales process

Section Three - Training and Competence
-Advised and non advised sales of standard mortgages
-Advised and non advised sales of lifetime mortgages
-Supervision
-Transitional arrangements (ie grandfathering)
-Examinations
-Record keeping




Todays Date: 8 September 2017
Duration 1 day