Regulatory AlertsCP14/28: MIPRU Simplification
The Financial Conduct Authority proposes changes to the Prudential sourcebook for Mortgage and Home Finance Firms to simplify capital requirement calculations for non-bank lenders. These revisions incorporate relevant rules from BIPRU into MIPRU 4 to create a standalone chapter while stripping out irrelevant provisions and simplifying complex guidance. The consultation seeks feedback on these proposals by 19 January 2015 to maintain current policy positions with reduced administrative burden.
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