Regulatory AlertsFS16/3: Feedback Statement on competition in the mortgage sector
The FCA issued this Feedback Statement to report on themes from its Call for Inputs regarding competition in the mortgage sector and outline its planned regulatory work. The document identifies four key concerns: consumer challenges in making effective choices, opportunities for technology use, competition issues arising from commercial relationships like panels, and potential negative impacts of the regulatory framework. Following this analysis, the FCA launched a Mortgages Market Study in December 2016 and held industry workshops to promote awareness of competition law.
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