FSA tackle MMR with launch of industry Roadshow

FSA tackle MMR with launch of industry Roadshow


The FSA has announced a series of lender and intermediary seminars to discuss the implementation of the Mortgage Market Review (MMR) reforms.

As part of the Authority’s MMR implementation strategy, it is taking to the road to discuss the implications of the impending legislation.

The MMR Roadshow dates will provide intermediaries and lenders an opportunity to hear from the FSA about what the MMR entails, to achieve greater understanding of what is required and what the new rules may mean for their businesses. 

In addition, the FSA hopes to identify areas of the new legislation in which there is still uncertainty with the hope of educating financial professionals. 

The medium-sized gatherings will last for approximately two-and-a-half hours each and will involve a Q&A session to help answer any concerns or queries attendees might have.

Alongside discussion of the range of reforms that the MMR brings, the FSA will cover:

• Distribution rules, including advice, execution only, sales standards, affordability and interest only requirements;

• Disclosure rules;

• The Authority’s approach to high net worth, business lending and professional customers;

• Other niche lending areas, such as bridging;

• An overview of the transitional arrangements;

• Next steps, both for firms and the FSA.

Though the event is open to firms of all sizes, only one representative from each will be permitted to attend each date, and it is recommended that this person is responsible for implementing the MMR reforms in any given firm.

Separate sessions will be held for intermediaries and lenders and will 

cost £20 (non-refundable) to attend. 

The dates of the 2013 Roadshow are:

• Tuesday 8th January - Devere Venues, Canary Wharf, London, E14 4HD

• Thursday 10th January - Bristol Marriott Royal Hotel, College Green, Bristol, BS1 5TA

• Tuesday 15th January - Village Hotel Solihull, The Green Business Park, Dog Kennel Lane, Shirley, B90 4GW

• Thursday 17th January - Village Hotel Tingley, Capitol Boulevard, Tingley, Leeds, LS27 0TS

• Tuesday 22nd January - Macdonald Inchyra Hotel, Grange Road, Falkirk, FK2 0YB

• Thursday 24th January - Titanic Belfast, Titanic House, Queen’s Road, Queen’s Island, Belfast, BT3 9DT

To register for the Roadshows,

click here.

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