The final MMR rules: condensed

MMR: CONDENSED

clock

They have been several years in the making, but today the Financial Services Authority (FSA) published its final rules for mortgage sellers following the Mortgage Market Review (MMR).

Anyone might think the Retail Distribution Review (RDR), a similarly large regulatory overhaul affecting all sales of retail investment products, wasn't enough for this regulator. So, to give you a bit of respite, we've collated the main changes brought about by the MMR onto this single page. Most of the rules below will be introduced in 18 months' time - in April 2014. Intermediaries 1 - The FSA is removing the non-advised sales process. Well, almost. Rather, all 'interactive' sales - those done face-to-face or over-the-phone - must be 'advised' sales from April 2014. There are ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA enforcement to become 'assertive, proactive and intrusive'

FCA enforcement to become 'assertive, proactive and intrusive'

‘You can expect the regulator to take robust action where needed’

Isabel Baxter
clock 29 February 2024 • 2 min read
FCA: 'Huge opportunity for firms to shape the advice sector'

FCA: 'Huge opportunity for firms to shape the advice sector'

Kate Blatchford-Hick calls on firms to embrace the regulator’s proposals

Sahar Nazir
clock 09 February 2024 • 2 min read
New era for workplace pension governance as TPR overhauls practices

New era for workplace pension governance as TPR overhauls practices

The regulator’s long-awaited general code of practice has been published

Hope Coumbe
clock 11 January 2024 • 1 min read