To date, 1000 mortgage and general insurance firms have submitted applications to the regulator. The number of firms registered with the FSA now stands at 10,600.
Meanwhile, the FSA has also published a series of examples on how brokers should present Key Facts Illustrations.
Specimens can be viewed at:
http://www.fsa.gov.uk/pubs/policy/ps186/examples_disclosure.pdf
The regulator has also announced a conference to help brokers understand training and competence. It will be held at the QEII Conference Centre in central London on 2 April. For more information or to book a place intermediaries should visit
http://www.fsa.gov.uk/industry-training/tc_era_flyer.pdf
Chris Cummings, director of AMI, urged firms to get their applications in. “Our advice to firms is there is no reason to delay when you can save yourselves money,” he said.
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