Arrange these events in date order: (i) twin peaks begins; (ii) mortgage advice becomes regulated; (iii) the Consumer Duty applies to open products; (iv) second charge mortgages join MCOB. Which order is correct?
Mortgage advice became regulated on 31 October 2004 (MCOB); twin peaks (FCA and PRA) began on 1 April 2013 under the Financial Services Act 2012; second charge mortgages joined MCOB on 21 March 2016 (Mortgage Credit Directive Order 2015); and the Consumer Duty applied to open products from 31 July 2023 (PRIN 2A).
Placing the 2016 second charge change before the 2013 twin peaks reform.
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