View more on these topics

Key European mortgage directive vote delayed

EU European Commission flags 440

A key vote that could determine the final shape of the proposed European mortgage credit directive has been delayed until December.

The plenary sitting at which MEPs were due to vote on the shape of the directive is now scheduled for 10 December. It was due to take place on 10 September.

The revised timetable means that the vote on the proposed European directive may now take place after the FSA has published the policy statement and final rules for the mortgage market review. The FSA’s policy statement is expected in the autumn.

A statement from the Council of Mortgage Lenders says: “The delay means that it is still not clear that the timing of proposals for mortgage regulation in the UK and Europe will be closely aligned. On behalf of lenders, we are continuing to work with the FSA in the UK and the authorities in Europe for a regulatory structure that meets the needs of the domestic mortgage market and results in a coherent set of proposals.”


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm