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FSA proposes three tiers of mortgage broker

The FSA has proposed three tiers of mortgage broker once regulation of the industry comes into being in 2004.

In CP146, The FSA&#39s Approach to Regulating Mortgage Sales, published this week, the regulator has proposed three levels of broker, execution only without advice, information with filtered questions and full-blown advice.

All three would require authorisation through the FSA, but the levels of compliance that need to be met vary depending on which option brokers opt for.

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LIA workshops focus on the business market

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