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  2. Point in time
    2020-10-26

MCOB 6A.5 MCD distance contracts with retail customers

MCOB 6A.5.1RRP

If a firm makes an offer to a consumer with a view to entering into or varying an MCD regulated mortgage contract which is a distance contract, it must provide the consumer with the following information with the offer document:

  1. (1)

    the EEA State or states whose laws are taken by the firm as a basis for the establishment of relations with the consumer prior to the conclusion of the MCD regulated mortgage contract;

  2. (2)

    any contractual clause on law applicable to the MCD regulated mortgage contract or a competent court, or both;

  3. (3)

    the language in which the contract is supplied and in which the firm will communicate during the course of the MCD regulated mortgage contract; and

  4. (4)

    if not provided previously:

    1. (a)

      all of the contractual terms and conditions of the MCD regulated mortgage contract to which the offer document relates; and

    2. (b)
      1. (i)

        an appropriate status disclosure statement (compliant with GEN 4) for the MCD mortgage lender;

      2. (ii)

        the MCD mortgage lender's firm reference number; and

      3. (iii)

        confirmation that the customer can check the Financial Services Register on the FCA's website www.fca.org.uk/firms/financial-services-register or by contacting the FCA on 0800 111 6768.