Topic hub
MCOB and ICOBS expectations for brokers and intermediaries, with analysis of what supervisors are looking at.
Topic briefing
Firms seeking to carry on regulated mortgage broking, general insurance intermediary or home finance activities need to understand what the FCA expects in an application. For mortgage brokers, the route is either direct FCA authorisation or appointed representative status with a firm that has the relevant permissions.
FCA application guidance covers mortgage brokers, general insurance intermediaries and home finance providers, including non-bank lenders, lifetime mortgage providers and third-party mortgage administrators. It sets out what applicants should provide and demonstrate, including business plans, financial forecasts, funding, the Consumer Duty, threshold conditions and application fees.
Sources: Apply to become a mortgage broker · Apply to become a general insurance intermediary · Apply to become a home finance provider · MCOB 4.2 Purpose · ICOBS 2.1 Client categorisation
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The FCA is consulting on two modest amendments to its General Insurance value‑measures rules - dropping the top‑2% claim‑pay‑out metric and the five largest distribution arrangements disclosure.
Explore this week’s FCA updates on mortgage reform, payment oversight, and market strategy — and what they mean for your firm’s next move.
The MEMA Brief
Weekly updates on FCA developments, analysis and upcoming deadlines for regulated firms.
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