All regulated firms to take part in FSA’s readiness tracking
In their recent intermediary MMR road shows, the FSA confirmed that all regulated firms will be involved in their ‘readiness tracking’ initiative as part of their MMR implementation plan.
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The FSA is keen to track how the industry is progressing toward implementation, therefore all regulated mortgage firms will be required to complete an online readiness survey to identify areas where support may be needed. To help intermediaries prepare for the final (MMR) rules which come into effect on 26 April 2014 the FSA has developed a seven-point plan which includes ‘readiness tracking’ to work with firms for a successful implementation.
To keep up to date on MMR register on www.tcfinfo.co.uk