The conference was chaired by Jonathan Kirk QC, who provided an initial overview of the Mortgage Credit Directive (“the MCD”) and its purpose. James Ross considered the historic development of regulation of secured lending and analysed the new definition of a “regulated mortgage contract” under art 61 of the Regulated Activities Order 2001. Simon Popplewell considered the converse position, presenting on exemptions from the definition of a “regulated mortgage contract” under art 61A. Thomas Samuels then gave an overview of the primary changes to the FCA’s “MCOB” rules as a result of the MCD and considered whether the changes were effective. Finally, Ruth Bala explained and analysed the new concept of the “consumer buy-to-let mortgage” under the Mortgage Credit Directive Order 2015.

Slides from the Conference can be downloaded here.