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FSA may implement some MMR changes earlier than 2013

The Financial Services Authority says it may impose aspects of its Mortgage Market Review earlier than 2013.

In its retail conduct risk outlook published today, the regulator says its rules are not due to come in before the summer of 2013.

But its report says: “However, if there is widespread support for particular proposals, for example in relation to mortgage arrears charges, we may implement some aspects sooner.”

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  • Shock horror 13th March 2012 at 6:01 pm

    Dare I ask…..is this the FSA finally admitting that some recent changes and shifting by lenders in the market has actually got something to do with their guidance and certain MMR wording? (interest only being a “niche” product for example)