The Money Laundering Reporting Officer (MLRO)This Practice Note provides information on the role of the nominated officer and the Money Laundering...
Financial Conduct Authority—Principles for Businesses (PRIN)This Practice Note explains the Principles for Businesses (PRIN) set down by the Financial...
Second charge mortgage regimeSecond charge mortgages definedA regulated second charge mortgage is a loan secured on a borrower’s property that is used...
Financial Conduct Authority—objectives and principlesThe role of the FCAThe Financial Conduct authority (FCA) forms part of the regulatory structure...
Second charge mortgage regimeAuthorisation requirements for second charge mortgage businessAny business carrying out a regulated activity must be authorised under the Financial Services and Markets Act 2000 (FSMA 2000), unless they benefit from an exemption or an exclusion. This includes lenders,
Consumer credit agreements—pre-contract requirementsConsumer credit pre-contract requirementsOne of the main principles underpinning the consumer credit rules is to ensure that consumers are treated fairly while still being responsible for their own decisions.The practical application of this
FCA authorisation of consumer credit firmsBackground to the FCA consumer credit authorisation regimeSince 1 April 2014, the UK Financial Conduct Authority (FCA) has been responsible for regulating consumer credit firms in the UK. The FCA assumed responsibility for the regulation of consumer credit
Debt sale and purchase agreementsThe debt sale and purchase market is an important way for lenders and debt sellers to reduce balance sheet liability. It is often used as a way to obtain value for under-performing accounts, but sales take place in relation to all types of debt: regulated mortgages,
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