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Treasury publishes regulation timeline

The Treasury has published a timeline for the implementation of regulation of mortgage and general insurance intermediaries on its website which sees the new regime come into effect in the second quarter of 2004.

The FSA will publish a guide for intermediaries who are not currently regulated in March. Legislation will be introduced in Parliament in June for mortgage intermediaries and in October for general insurance advisers.

The regulator will start its consultation for mortgage intermediaries in June and in July for the general side.

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