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Next Treasury paper imminent says CML

The Council of Mortgage Lenders is expecting near final rules on mortgage regulation and the latest consultation paper from the Financial Services Authority to be published by the end of this week.

Mortgage Strategy has seen a secret memo sent on Friday to members of the Mortgage Intermediary Advisory Group, which says that the FSA&#39s consultation paper will be due out towards the end of this week – but it adds that “this may slip to the week commencing August 12”.

The memo, from Kate Main, senior policy adviser at the CML, confirms details for the next MI Advisory Group meeting on August 19 “to gauge initial reaction to the FSA&#39s consultation paper”.

The memo adds: “We will issue a circular as soon as the CP becomes available, telling members where to find it on the FSA website and how to get hold of paper copies. At the meeting I will circulate an initial list of what I think are the key issues. I look forward to seeing you on August 19.”

So far members of the MI Advisory group expected to attend the meeting include Mortgage Promotion&#39s Nick Baxter, Charcol&#39s Ray Boulger, Chase de Vere&#39s Simon Tylor, Countrywide Assured&#39s Sharon Glay, the LIA&#39s John Ellis, compliance consultant David Payne and Tenet&#39s Pam Hawkins.

Visit www.mortgagestrategy.co.uk for instant reaction to the latest papers from the Treasury and the FSA.

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