MMR Readiness Tracking

Last week the FCA published the results of its initial survey of 5400 firms on readiness tracking for the rule changes for April 2014. generally they seem pleased with firms' progress and brokers appear more ready than lenders. Hardly surprising considering the scope of  the lender changes and their relative size.

The FCA will be using the readiness tracking results to design their second round of communications ( which have started) and  will be conducting a series of regional half-day workshops in October and November 2013.  Invitations are already going out ( have already been received by some).

They are also proposing  further support in the form of factsheets and possibly a webcast.

AND

The FCA also plan to offer firms face to face meetings with the Implementation Team in February 2014. Not sure exactly what that means  right now or who it is aimed at. Is it a carrot or a stick?