18th August 2011

News from Compliancy Services‏

Harmony Breaks Out at the MPC

The Bank of England's Monetary Committee voted unanimously to keep the base rate on hold at 0.5% at it's August meeting...

Inflation Rises to 4.4% in July

The rate of Consumer Prices Index Inflation rose to 4.4% in July, up from 4.2% in June, athough the Retail Prices Index Measure remains unchanged at 5%...

Suing Clients for Libel Regarding PPI Claims

A mortgage broker is looking to sue a former client for libel over claims made against him concerning the mis-selling of payment protection insurance...

FOS Upholds Small % of Mortgage Mis-selling Claims

The Financial Ombudsman Service has stated, that it upholds just 10% of all mortgage mis-selling claims, made by claims management firms...

14-day Cooling-off Period for Mortgages Back on the Cards

European regulatory powers are once again calling for a 14-day cooling-off period for mortgages...

FSA Enters Into An Agreement to Sell TRS to The London Stock Exchange

The FSA has entered into a conditional agreement to sell its Approved Reporting Mechanism known as the Transactional Reporting System to The London Stock Exchange...

Update on the AIFM Directive

The FSA has published an update to the AIFM directive...

Proposed 'Dear CEO' Letters Providing Guidance on Issues Relating to Remuneration

The FSA has issued proposed guidance that relates to the rule 'Remuneration Code (SYSC 19A)' in the FSA Handbook..

FSA Publishes Recovery and Resolution Plans Consultation

The FSA has published a Consultation Paper and Discussion Paper on its proposals for Recovery and Resolution Plans, required of financial institutions...

A New Code for Letting Agents Completes Stage One of the OFT Consumer Codes Approval Scheme

The Lettings Code has been developed to give consumer landlords and their tenants greater protection when dealing with letting agents and better redress if things go wrong...

RDR