Menu
Mortgage Market Review Documentation

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

Mortgage Market Review Documentation

Important Note: ATEB news is intended to provide general information ONLY. The content, including any views expressed or guidance provided, does not replace the need to comply fully with FCA Rules and Guidance. Unless you have discussed news article content with ATEB, and specifically how it relates to your circumstances, then ATEB disclaims all liability and responsibility and actions arising from any reliance placed upon it. For the avoidance of doubt therefore, any reliance you place on such information without our consultation is at your own risk.

ATEB Compliance offers compliance and regulatory advice.

ATEB Suitability provides report writing software for the financial services market.

Our View

The MMR is a mandatory change in regulation that we must all be fully prepared for prior to implementation on the 26th 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.
SUIT - Beautiful Reports
CREATE BEAUTIFUL
SUITABILITY
REPORTS
TRY IT FOR FREE
SUIT - Complete Control
TAKE BACK
CONTROL OF YOUR
SUITABILITY REPORT
PRODUCTION
TRY IT FOR FREE
SUIT - Comp confidence
SUITABILITY
REPORTS
WITH FULL
COMPLIANCE
CONFIDENCE
TRY IT FOR FREE
previous arrow
next arrow

About the Author

Contact Us

Brought to you by

Explore more articles in this category

Other articles that you might be interested in

Woman climbing on rocky mountains under cloudy sky

Pension transfer advice – assessing transfer risk

Compliance , , , , , , , , , ,

It has been well publicised that the FCA has aimed increasingly close scrutiny in the direction of firms that have been providing advice in relation to defined benefit pension transfers. Apparently caught off guard by the then Chancellor’s introduction in the Pension Schemes Act 2015 of what are generally called ‘pension freedoms’, the regulator has […]

Read More
White caution cone on keyboard

Data protection – children, third-parties and lawful basis

Compliance ,

We have written before (see here) about the situation where a privacy notice (and if required, consent) is covered with say, one party of a couple but where that individual then provides personal data about his or her partner. In our experience, many firms are still not handling this correctly. Children Under the regulations, for […]

Read More
Ace of spade playing card on grey surface

DB Pension Transfers – some charging issues

Compliance , , , , , ,

The rules that came into effect in October 2020 arrived under a headline objective of ‘banning contingent charging’. Inevitably, the simple rule required to achieve this seemingly straightforward outcome had to be accompanied by a fairly large retinue of supplementary rules and guidance. Definitely a case of the devil being in the detail. Much of […]

Read More
Sign pen business document

Anti Money Laundering Review …… Dear CEO – Banking Sector

Compliance , , , , ,

The Financial Conduct Authority (FCA), in May 2021, issued a Dear CEO letter entitled “Action needed in response to common control failings identified in anti-money laundering frameworks”. While this letter was issued to banks only, many of the key takeaways of the letter have wider application, notably within the financial advice sector. A copy of […]

Read More
Woman looking at the map

General Insurance Pricing Practices: rule change mapping

Compliance

We have recently issued a couple of newsletter articles relating to the changes being implemented by policy statement 21/05 “General Insurance Pricing Practices Market Study” that can be accessed from here. To assist our clients, ATEB has mapped the relevant rules for distributors to help them be ready when the changes are to be implemented. […]

Read More
Load More