As we draw to the end of 2003, anyone wishing to be directly authorised, and who has not already registered, is recommended to do so at the earliest opportunity. It is also advisable that even if a firm has not made a decision between direct authorisation and appointed representative (AR) status, it registers so that it is prepared, should it ultimately take this route.
Christmas and New Year is traditionally a time for relaxation and reflection. Unfortunately, as we draw nearer to 2004, any planned reflection from mortgage intermediaries needs to be replaced with thoughts on how to meet the challenges of 2004 and, in particular, mortgage regulation. There is a lot of sympathy with those who are yet to decide between direct authorisation and AR status. This is a massive decision for anyone's business and not an easy one to make. Most will be aware that the next couple of months are going to be very important in the making of that decision, but how should...
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