Brokers must be MTA to continue trading with MMA
MMA Insurance has warned brokers that it may be unable to continue dealing with them after 1 Novembe...
MMA Insurance has warned brokers that it may be unable to continue dealing with them after 1 November 2004 if they fail to provide evidence of a minded-to-authorise letter from the Financial Services Authority.
The FSA can take up to six months to process applications and brokers that submitted applications for authorisation after 1 May potentially will not be MTA by the deadline.
MMA defended its decision and said it is taking necessary steps to ensure it is not trading with unauthorised
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