Regulation Countdown Checklist
The factsheet entitled "A " identifies 30 steps every mortgage intermediary must take to be ready for M-Day and provides practical assistance for mortgage intermediaries who want to ensure that they have "ticked all the boxes" in finalising their preparations for the start of FSA regulation.
Commenting on the publication of the new factsheet Chris Cummings, Director of AMI, said: "Every intermediary firm has had to make changes to meet the FSA’s requirements and stay compliant. But it is surprising what can be forgotten in the final stages of preparations. This factsheet identifies the essential
Chris Cummings, Director of AMI, said: "Every intermediary firm has had to make changes to meet the FSA’s requirements and stay compliant. But it is surprising what can be forgotten in the final stages of preparations. This factsheet identifies the essential changes providing an essential checklist of activities that can be ticked off in preparation for November 1st. Items on the checklist range from such major issues as, ensuring Professional Indemnity cover has been arranged at the right level and start date, through to double checking the correct health warnings are being used on e-mails and fax cover sheets."
Cummings continued: "This practical factsheet is supported by other, longer guides, that members can download free of charge from the AMI website. These guides have been designed to address the key areas of regulation: handling compliant new business, training and competency, and dealing fairly with complaints."
