European Parliament Delays Vote on Proposed Directive on Mortgage Regulation until December 2012

Date Published 8/8/2012
Author Marja Hoek-Smit

The final vote that may determine the shape of the proposed European Directive on “Credit Agreements Relating to Residential Property (CARRP) “ has been postponed for three months and is now scheduled for 10 December. It was originally due to take place on 10 September. <Link>

The three-way discussion on the proposed directive involving the European Parliament, Council and Commission ( "trialogue") can continue in the autumn, as originally planned, in advance of the plenary session. 

The Financial Services Authority (FSA) of the United Kingdom is planning to publish the policy statement and final rules for mortgage regulation in the UK in autumn of this year, after it completes its mortgage market review. <Link>

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