Build your own disclosure documents

The build-your-own disclosure documents are being updated to reflect the new compensation limits which came in from 1 January 2010. If you use the documents found here the compensation limits will be incorrect. We are also changing the web address for the FSA Register on the documents which currently does not work. We will let you know when these changes have been made. For further information about the compensation limits see our One minute guide at:

Compensation limits

We have provided these documents on a ‘build your own’ basis so that they will make it easier for you to produce documents tailored to your own circumstances. We expect that firms using these will amend them accordingly and think carefully about the information that consumers are getting.

If your firm is independent you may not find the appropriate document amongst these examples. You are likely to need to amend a document to meet the requirements of the FSA’s Handbook.

The following excerpt is from the Key rules for Mortgage and Home Reversion Brokers

Independence

A firm that holds itself out as acting independently must intend to:

provide the relevant service mainly based on the whole market in the relevant product; and
offer a customer a purely fee-based option for paying for its services.
Such a firm must ensure that the service it actually provides is consistent with this rule.

For more detail see Key Rules for Mortgage and Home Reversion Brokers