AMI launches ‘One Year On’ campaign
Chris Cummings, director-general of AMI, said: “‘One Year On’ gives intermediaries their chance to contribute to the nature of the regulations they work with each day. There have clearly been some difficulties but these will not be addressed properly unless we have feedback and positive engagement from the industry.
“ The FSA is committed to being a regulator that is easy to do business with and, to its credit, has listened to the industry during previous consultations. Though firms have been on a significant learning curve in the last 12 months, it would be a great help if some areas were clarified and simplified.
“ It is in the interests of the regulator, intermediaries and consumers that the mortgage rules work effectively and the sooner areas of confusion and ineffectiveness can be addressed the better. By taking the time to register their experiences, intermediaries can help make ‘One Year On’ a significant step in the right direction.”
Intermediaries can download ‘One Year On’ and submit their comments to AMI by e-mail to firstname.lastname@example.org.
Rod Murdison, proprietor of Murdison & Browning, said: “We have been regulated to the point of disbelief. While I appreciate the work AMI is doing and has done, the campaign does feel like it’s a bit after the horse has bolted.”