FSA Mortgage Compliance - Mortgages, Home Finance and Insurance

FSA Mortgage Compliance

Prudential Sourcebook for Mortgages and Home Finance Firms and Insurance Intermediaries

The Interim Prudential Sourcebook for Mortgages and Home Finance Firms and Insurance Intermediaries sets out the detailed FSA Mortgage Compliance financial resources and prudential standards that the FSA applies to firms on an interim basis, pending the introduction of a single FSA Mortgage compliance prudential sourcebook that will apply to all firms regulated by the FSA.

The rules contained within the Interim Prudential Sourcebook for Mortgages and Home Finance Firms and Insurance Intermediaries are FSA Mortgage Compliance Prudential Standards and having a full understanding of them and what your obligations are, are therefore essential.

Having documented and updated FSA Mortgage Compliance procedures for your firm can assist in demonstrating FSA compliance.

We have produced a set of FSA Mortgage Compliance procedures detailing the Prudential Standards, including examples of what information should be included for your firm.

These FSA Mortgage Compliance procedures will help you understand what is required but also demonstrate externally you are taking FSA compliance seriously by researching and understanding your obligations in this area.

Record keeping and FSA notification events are also included to help you, where they are relevant.

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