The FCA has made a modification by consent available to firms carrying on:

  • home financing; and/or
  • home finance administration that is connected to regulated mortgage contracts (non-bank lenders).

The modification delays the implementation of the amendments to MIPRU 4 and SUP 16.12 rules for smaller non-bank lenders, to allow further time for the FCA to consider how to make rules more accessible for such firms. The modification is available for firms with £50 million or less of total lending in the 12 months up to the end date.

View Modification by consent of MIPRU 4 and SUP 16.12, 4 February 2014