We think that if the FSA was doing it’s job properly then this week’s update from a great partner of ours would not be necessary. Indeed they should not really exist at all but owing to the fluffy/ridiculously complex state of regulation, it is a good thing they do. This week – an update from Tcfinfo.co.uk:

FSA ‘approved persons’ consultation

extend its ‘approved persons’ regime to all mortgage intermediaries require all firms to have a named individual responsible for overseeing compliance of the firm’s regulated mortgage activities

Find out what this means for you – and how you can give your feedback - in the TCF Info Hot Topics section. You’ll also find a summary of new rules relating to complaint reporting.

TCF Info – keeping you updated

Sole Traders– and have updated our Focus on fines section. This highlights practices that have led to FSA enforcement action for failing to treat customers fairly.