Please note that this document has a law stated date, which means that it is no longer maintained. The note outlines the requirements in place up to 21 March 2016, being the date on which new FCA rules enter into force implementing the Mortgage Credit Directive (MCD).

This note outlines the provisions of chapter 3 of the Mortgages and Home Finance: Conduct of Business sourcebook (MCOB 3) relating to the communication and approval of promotions by authorised persons of qualifying credit (that is, regulated mortgage contracts), home reversion plans, and regulated sale and rent back agreements.