Address
Geelit
St. Georges Studios
93-97 St. Georges Road
Glasgow
Lanarkshire
G3 6JA
G 3 6 J A
UNITED KINGDOM
Mortgage Marketing Services Ltd
Current Status: No longer authorised
Reference Number: 305109
Website: Not Listed
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000MfTx3AAF
A firm that is no longer authorised by the Financial Conduct Authority (FCA) may have had its authorisation revoked for a variety of reasons. These may include voluntary cancellation of the authorisation at the request of the firm, due to changes in the firm's business model or ceasing operations, or due to a merger with another firm. Additionally, the FCA may revoke authorisation if the firm fails to meet ongoing regulatory requirements such as capital adequacy, risk management, or governance standards, or if the firm is found to be non-compliant with FCA rules and regulations. The FCA may also take enforcement action against the firm for breaches of regulatory requirements or misconduct, which could lead to the revocation of authorisation as part of the penalty. In some cases, authorisation may be revoked due to non-payment of the required FCA fees, or if the firm has been inactive for a certain period and has not provided regulated services. To learn more about a particular firm's authorisation status and the reasons for any changes, it is important to check the FCA register or contact the FCA directly.
Reasons for non-compliance can include inadequate systems and controls, poor governance, insufficient staff training, misleading or inaccurate disclosures, conflicts of interest, breaches of conduct rules, inadequate client protections, financial crime, data protection breaches, and inadequate capital or liquidity. Firms should take proactive steps to identify, address, and mitigate any risks to ensure they remain compliant with applicable laws, regulations, and standards.
The UK financial services industry has seen numerous cases of financial mis-selling in the past, ranging from Payment Protection Insurance (PPI) to Interest Rate Hedging Products (IRHP) and endowment mortgages. The total amount of compensation paid to affected consumers and businesses exceeded £38 billion. In response, the Financial Conduct Authority (FCA) has taken several steps to address the issue of mis-selling, such as enforcement actions, compensation schemes, and improved regulations to increase disclosure and transparency. Despite these measures, the risk of mis-selling persists, meaning that both regulators and industry players must remain vigilant to ensure fair treatment of consumers.
If you suspect you have been mis-sold a financial product or service, it is advisable to contact the firm responsible and pursue the appropriate compensation channels. If you've been mis-sold a financial product or service in the UK, you may be eligible to claim compensation. The process typically involves contacting the firm responsible and filing a formal complaint with all relevant details, which they must investigate and respond to within eight weeks. If the complaint is rejected or you are not satisfied with the response, you can escalate the issue to the Financial Ombudsman Service (FOS) for independent review and a legally binding decision. If the firm is no longer in business or has been declared in default, you can file a claim with the Financial Services Compensation Scheme (FSCS). It is important to act promptly and seek independent advice when necessary, as time limits and eligibility criteria may apply.