The mortgage brokers guide to the fsa regulations

Content
Section One - The Sourcebook
- The Principles
- Authorisation including threshold conditions and scope of permission
- Approved persons
- Client money
- Appointed representatives
- Reporting
- Complaints handling
- Senior Management Arrangements, Systems and Controls
- Disclosure of the firms status
- Financial resources requirements
- Professional Indemnity Insurance
- Record keeping
- FSCS and FOS
- FSA fees
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 describe 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) Disclosure at Offer Stage. Disclosure at start of contract and after sale
Lifetime mortgages: advising and selling standards (as above)
Section Three - Training and Competence

- Advising on standard mortgages
- Advising on lifetime mortgages
- Supervision
- Transitional arrangements (i.e. grandfathering)
- Non advised sales of standard mortgages
- Non-advised sales of lifetime mortgages
- Examinations



Todays Date: 8 September 2017
Duration 1 day