926536
Description
Mind Map by Mark Varela, updated more than 1 year ago
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Created by Mark Varela
over 10 years ago
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H3: MCOB
- Mortgage firms carring out reg. activites
- Lenders
- Administrators
- Arrangers
- Advisers
- Lenders
- ways in which firms & individuals
operate effect how MCOB
applies
- Direct authorisation
Annotations:
- wholly responsible for complying with MCOB & other FCA req'mts
- Appointed rep
Annotations:
- responsibility for compliance lies with principal (lender, network, or IFA)
- Introducer status
Annotations:
- firm or individual merely passes on leads to authorised person and do not require FCA authorisation as do not advise
- Direct authorisation
- Intermediary status
- Whole of market
- Limited to no
of lenders
- single lender
- Whole of market
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