European Parliament Delays Vote on Proposed Directive on Mortgage Regulation until December 2012
| Date Published | 8/8/2012 |
| Author | Marja Hoek-Smit |
| Theme | |
| Country |
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>