June deadline for MMR

Robyn Hall

March 23, 2010

The FSA says it received a wide range of constructive and positive responses from firms, consumers and their representative bodies, and other stakeholders and is continuing ongoing detailed discussions with a number of these stakeholders.

The feedback statement provides the opportunity to report on the feedback received so far; to clarify specific aspects of the FSA’s proposals; and to outline next steps.

The Mortgage Market Review DP set out proposals for major reform of the mortgage market and actively invited debate on a number of key mortgage issues.

The FSA moved quickly to consult on two of the issues it raised and in January 2010, publishing a consultation paper on the strengthening of its arrears rules and the extension of its approved person regime.

The FSA will be consulting on firm policy proposals drawing on the Mortgage Market Review DP and the feedback responses received later in the year.

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