FIN.

Changes to Mortgage Reporting Requirements

The FCA published policy statement PS19/23 (PRA – PS22/19) on 30 September 2019.

The rules set out the new reporting requirements for regulated mortgage lenders and home finance administrators.

The rule changes take effect from different times:

1 October 2020 – relating to Performance Sales Data and MLAR changes

  • Part 1 of the Supervision manual changes
  • Part 1 of the PRAs rules amending the Regulatory Reporting part

1 January 2021 – relating to Performance Sales Data (PSD007)

  • Part 2 of the Supervision manual changes

1 April 2021 – relating to Product Sales Data (PSD001)

  • Part 3 of the Supervision manual changes
  • Part 2 of the PRAs rules amending the Regulatory Reporting part

The detailed rules will be followed by a publication of the Data Reference Guide in October 2019 and the GABRIEL testing environment will be available to firms from November 2019.

 

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Caroline Stevenson