This Overview is a guide to the Financial Services content within the Mortgage regulation and home finance transactions sub-topic, with links to the appropriate materials. The subtopic focuses on the background to home finance transaction regulation and how home finance transaction firms are regulated from a conduct of business perspective (including changes brought about by the mortgage market review). It also looks at changes introduced by the Mortgage Credit Directive (Directive 2014/17/EU) (MCD) and considers the impact of the UK’s decision to leave the EU on the regulation of home finance transactions.
On 31 October 2004 (a date known as 'M Day'), lenders and intermediaries of regulated mortgage contracts (RMCs) became regulated.
The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No 2) Order 2006, SI 2006/2383, brought within the remit of regulation:
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