Quarterly Consultation No. 13 (CP 16/17)
Last updated: 15 Aug 2016
- Consulting body:
- Financial Conduct Authority
- Period of consultation:
- Runs from 4 July 2016 to 15 August 2016
- CML action:
- Response submitted
In their Quarterly Consultation No.13 (CP16/17) the FCA are consulting on minor changes to the Handbook affecting mortgages and home finance firms.
The CML is supportive of the simplification principle being adopted in relation to these mortgage changes.
However, the proposed changes will not remove the requirement for a lender to send out an initial disclosure document due to the rules set out at MCOB 4.4A, so we hope that the FCA will review this.
See the full CML response to this consultation below.