TITLE

FSA begins to get tough on unauthorised brokers

PUB. DATE
February 2005
SOURCE
Credit Control;2005, Vol. 26 Issue 2, p54
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that the Financial Services Authority (FSA) has begun a crack down to protect homebuyers from unauthorized brokers who arrange and advise on mortgages illegally. The FSA's perimeter project team. which includes both supervisory and enforcement staff, is investigating firms which may be breaking the law by conducting mortgage business following the start of the regime on October 31, 2004. The list of firms being contacted is based on a number of sources, including the FSA's database of firms that registered or applied for authorization, but then withdrew.
ACCESSION #
17317386

 

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