As you will be aware the window for applications for interim permission to operate an SRB business opened on 1 July 2009. If you intend to continue carrying out SRB business it is important that you complete an application by the end of July otherwise you may be subject to sanctions by the FSA.

For further information about who needs to apply and how to go about completing an application please visit the FSA SRB Guidance.

In addition with the FSA’s interim regime for sale and rent back coming into force on 1 July 2009, firms applying for authorisation need to be aware that FSA authorisation automatically makes them subject to both:

•             the FSA’s rules about dealing with complaints; and

•             the compulsory jurisdiction of the Financial Ombudsman Service (FOS)

The ombudsman service is the independent body set up by law to settle complaints between consumers and businesses providing financial services. For more information about this element of FSA regulation please take a moment to read this message from the FOS [PDF 53KB].

Source: National Landlords Association