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.
FCA provide guidance on SMF16/17 appointments
Richard Foster Compliance FCA, ML, PI, training
Firms should have heads of compliance and money laundering reporting officers (MLROs) who are suitably competent and capable of effectively performing the roles. It is appropriate to carefully consider how individuals can demonstrate this ahead of seeking regulatory approval. The FCA have recently issued guidance which should help firms decide if an individual candidate is […]