Mortgage Market Review Documentation

25 January 2014 Steve BaileyCompliance

To assist firms with the implementation and transition into the new world of the Mortgage Market Review (MMR), we have drawn up the following documents:

A summary of the new MCOB rules in checklist format; use this to ensure that you have addressed the new rule requirements;
A ‘Client Proposition Document’ that includes new disclosure requirements;
A ‘Client Fee Agreement’;
An Execution Only business process;
An Execution Only disclaimer.

Please ensure you discuss the new documentation with your ATEB consultant at their next visit. For non-ATEB clients who need additional support in the lead up to MMR or are interested in benefitting from these documents please get in touch using the contact form here.

Don’t forget to check Our View about this article and the Actions Required By You

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Our View

The MMR is a mandatory change in regulation that we must all be fully prepared for prior to implementation on the 26^th April 2014. Firms are at different stages in their preparedness and now is the time to be focussing on finalising implementation.

Action Required By You

Discuss MMR implementation with your ATEB consultant and plan what still needs to be done to ensure a smooth transition;
Non-ATEB clients who would benefit from support should contact us.