Joining a Mortgage Broker Network
If an individual applies to join a mortgage broker network, it is a form of business partnership. This means they pay regular membership fees which provides them with access to
Find out moreLatest News and Updates
Keep your finger on the pulse of all the key regulatory updates affecting the UK financial service sector and beyond within our Latest News section. We’ll cover all the major talking points affecting the insurance, mortgage and property industries, as well as the impact of Brexit on the regulation of Britain’s wholesale and retail financial services firms.
Mar 22
Mar 22
Importance of File Checks and Reviews for Directly Authorised Firms
The FCA emphasises the importance of implementing and monitoring procedures, which should include file checks and reviews. File reviews are a critical part of following the FCA’s fair treatment of
Find out moreMar 18
Does SMCR Compliance Apply To Me?
The Senior Managers and Certification Regime (SMCR) focuses on senior managers and individual responsibilities in firms that provide financial services. It assists the Financial Conduct Authority (FCA) in regulating people
Find out moreJan 28
Mortgage prisoners: Measures you can take
Mortgages are supposed to provide customers with the means to buy properties they want, but they can end up becoming a trap. ‘Mortgage prisoners’ is a term used to describe
Find out moreJan 19
Mortgage Broker Compliance
Compliance is an integral part of being a mortgage broker because it protects the customer and improves the business, as well as the industry as a whole. As the regulator
Find out moreJan 14
SMCR: The Requirement to Register Individual Advisers
SMCR replaces the FCA’s Approved Persons Regime, putting greater emphasis on the senior management and individual responsibility within the financial services sector. Because of this emphasis, it is important that
Find out moreJan 12
How Claims Management Companies Can Improve Their Regulatory Compliance
In October 2020, the Financial Conduct Authority (FCA) sent out a letter to claims management companies (CMCs), warning them of poor attitudes towards regulatory compliance. The FCA’s letter listed several
Find out moreJan 7
The Importance of Supervision and Oversight on Financial Compliance for Mortgage Advice Firms and Networks
In October 2020, the Financial Conduct Authority (FCA) wrote to mortgage intermediaries about the current state of the mortgage advice market and stressed the importance of supervision and oversight on
Find out moreDec 17
What Are the Benefits of Being an Appointed Representative in a Mortgage Network?
As a mortgage broker, there are different ways of running your own business. You can be totally independent as a directly authorised broker, or you can join a mortgage network
Find out moreNov 17
What FCA Compliance Applies to Fintech?
Typically, fintech companies have some or all of the following features: Technology Innovation Alternative finance Usually, any financial services company that uses technology in how it designs or produces its
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