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FSA may implement some MMR changes earlier than mid-2013

The FSA says it may impose aspects of its mortgage market review earlier than 2013.

In the final MMR consultation paper, published in December, the FSA said its rules would not come into force until the summer of 2013 at the earliest.

But in its retail conduct risk outlook, published today, the regulator says it could implement some proposals, like those relating to arrears charges, earlier if there is support to do so.

The 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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  1. I did not think the FSA was ging to be around mid 2013, or is this just another way of pushing before the proverbial hits the fan

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