HM Treasury announces extension of FSA mortgage and sale and rent back regulation

HM Treasury has confirmed that it intends to transfer the regulation of second charge residential mortgages from the OFT to the proposed Consumer Protection and Markets Authority (CPMA) and to bring certain firms involved in the onward sale of mortgages within FSA regulation. It will also extend the regulatory perimeter of FSA regulation of the sale and rent back market.

PLC Financial Services


 

The full text of this resource is available by logging in or by requesting a trial. If you have any questions, please contact us or your Practical Law Account Executive.

Free trial

A free trial will give you:

Unlimited access to our online legal know-how services during the trial period
Full training and support
Four issues of Practical Law The Journal, the companion to Practical Law online
Weekly update e-mails on current legal developments in your practice area
 

Log in using Practical Law username

Only use this login if you have not set up OnePass for Practical Law

{ "siteName" : "PLC", "objType" : "PLC_Doc_C", "objID" : "1247437615152", "objName" : "HM Treasury announces extension of FSA mortgage and sale and ren", "userID" : "2", "objUrl" : "http://us.practicallaw.com/cs/Satellite/us/resource/2-504-6092?q=&qp=&qo=&qe=", "pageType" : "Resource", "academicUserID" : "", "contentAccessed" : "false", "analyticsPermCookie" : "2-76038193:15622dbcd1c:-46b9", "analyticsSessionCookie" : "2-76038193:15622dbcd1c:-46b8", "statisticSensorPath" : "http://analytics.practicallaw.com/sensor/statistic" }