Regulatory AlertsPS20/01: Mortgage advice and selling standards: feedback to CP19/17 and final rules
The Financial Conduct Authority issued Policy Statement 20/01 to provide feedback on consultation paper CP19/17 regarding mortgage advice and selling standards. The document sets out final rules and guidance intended to improve the quality of mortgage advice and the standards for selling mortgage products. These regulatory changes aim to ensure that consumers receive suitable advice and are protected from poor sales practices within the mortgage market.
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