MS TV: FSA must not be too strict with authorisation

Robert Sinclair, director of the Association of Mortgages Intermediaries says there are fears over how rigorous the regulator will be when it carries out its approved persons checks.

Speaking to MS TV about its response to the Financial Service Authority’s consultation paper on the Mortgage Market Review: Arrears and Approved Persons, Sinclair says the regulator must not constrain the market even further .

Sinclair discusses how AMI is trying to make sure the FSA does not adopt a retrospective authorisation process for brokers and start to consider things such as missed credit card payments and past criminal records.