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You are viewing the version of the document as on 2022-02-28.

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MCOB 3A.6 Home purchase plan financial promotions

APR equivalent for home purchase plan financial promotions

MCOB 3A.6.1RRP

1If a firm uses a figure equivalent to an APR in a communication of a financial promotion of a home purchase plan, when calculating that figure it must use an approach equivalent to the APR rules.