On 18 March 2025, the Financial Conduct Authority (FCA) updated its webpage on the interest rate ‘stress test’ rule – application of MCOB 11.6.18R to note the launch of its call for evidence on MCOB 11.6.18R – Considering the effect of future interest rate rises.

The FCA explains that it is carrying out a review of its mortgage rules, including its responsible lending rules, and that MCOB 11.6.18R is being evaluated as part of this review.

The call for evidence on the impact of this rule was launched on 17 March 2025 and runs until 11 April 2025.

The call for evidence is structured around a series of questions, and there is also the option to upload a written response, data and evidence at the end of the questionnaire.