Reset to Today

To access the FCA Handbook Archive choose a date between 1 January 2001 and 31 December 2004.

Content Options:

Add to favourites

View Options:

More Resources:

External link Handbook Publications

You are viewing the version of the document as on 2024-04-04.

Timeline guidance

Alternative versions

  1. Point in time
    2024-04-04

MCOB 7A.5 Notification of changes resulting from auctions on the capital market

MCOB 7A.5.1RRP

In relation to an MCD regulated mortgage contract, where there is an auction on the capital markets which will, or might reasonably be expected to, result in an interest-rate change, the firm must give the consumer, in good time before the auction, notice in a durable medium of:

  1. (1)

    the upcoming procedure for the auction; and

  2. (2)

    an indication of how the interest rates could be affected.

[Note: article 27(4) of the MCD]