YOUR INDUSTRY
Top 10 Hot Topics
- Consumer Credit Act
- Advertising
- European Credit Directive
- OFT
- Principles-based regulation
- Treating Customers Fairly (TCF)
- Payment protection insurance (PPI)
- FSA
- FOS/FSCS
- FAQs
Your Industry
Current Issues
Financial Services Authority (FSA)
AFB needs to ensure that its communication policy keeps members up to date on key themes at FSA, as well as providing members with practical guidance to support them in meeting FSA requirements. We have a full lobbying agenda with FSA.
Do you understand how TCF affects your business? Do you know how to prepare for an FSA visit? What will you do when FSA asks you to prove the quality of your advice? Call AFB for more help.
There are issues at FSA which are common to the rest of the market, which will affect AFB members:
- TCF FSA are currently focusing on how far TCF has been progressed within individual firms, including carrying out thematic work on the quality and suitability of advice, and the relationships between providers and distributors. This will no doubt cross-over with further work carried out on PPI.
- Thematic work Further work will also be carried out on disclosure documentation and sub-prime lending, both of which are likely to have an impact on AFB members.
As the statutory regulator of the mortgage intermediary market, the FSA has a raft of information from gaining authorisation to detailed analysis of its various thematic work into the mortgage sector.
The following links may be useful for AFB members.
'Doing Business with the FSA' including information on authorisation, being regulated, small firms, industry training, UK Listing Authority, and supplying to the FSA:
FSA Library including latest publications, corporate documents, policy documents, communication documents, and other publications:
The FSA Register of authorised firms
FSA has a page specifically aimed at small intermediary firms.
The page includes information on:
Frequently asked questions (FAQs)
FSA also has a Mortgage Firms Library with links to its Mortgage Adviser newsletters, factsheets, publications for your consumers, speeches, press releases and statements, and other.
There is also a 'hot topics' section giving answers to 'hot' issues:
Sector-specific statistics, providing details on mortgage, general insurance and IFA sectors: