Regulatory Alerts2016-12-09
CP16/41: Amendments to Notes for completion of the Mortgage Lenders & Administrators Return (MLAR)
The Prudential Regulation Authority and Financial Conduct Authority propose updates to the notes for completing the Mortgage Lenders & Administrators Return to align with the Mortgage Credit Directive and clarify reporting inconsistencies. The amendments include minor adjustments such as changing fee tariff reporting to an annual basis, clarifying the treatment of EEA-secured loans, and updating definitions for regulated mortgage contracts. These changes do not introduce new reporting requirements or material policy shifts, aiming instead to improve data quality and reporting efficiency for firms.
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