Mike Furlepa, compliance manager at MGM Assurance, said: "This demonstrates that experience of regulatory regimes has a distinct advantage. We did not underestimate the quality of the application required or the commitment to a robust training and competence framework for the future. We have been dealing with financial services regulation since inception in 1988 and have always conducted ourselves with the highest standards. Good compliance essentially means good business practice and that benefits everybody."
Stephen Maskens, manager of Home Finance, added "This gives great peace of mind to all of the firms that have already joined us as full members and we can now carry on recruiting new brokers that want the highest level of support available. We have made a significant investment in advance of October and, unlike some other firms, all of our resources are already in place."
