MCOB - Disclosures Course

The Mortgage Conduct of Business (MCOB) for Disclosures applies to businesses involved in home finance transactions. Activities include giving advice, providing amount-specific information, entering into, varying the terms of or administering a home finance transaction.

MCOB for Disclosures covers the disclosure requirements for these transactions, including mortgage contracts and home purchase plans.

Our MCOB for Disclosures Course explains the FCA's business rules for pre and post-sale disclosures in the home finance business.

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MCOB - Disclosures

About this Course

Available as part of our FCA Compliance Library.

Learning Objectives

This course will prepare your employees to:

  • Identify the disclosure rules that apply at the pre-application, offer and after-sales stages
  • Recognise when illustrations are required and what their format and content should be
  • Identify the information that must be provided in annual statements and as a result of specific events
  • Explain the rules on record-keeping in respect of disclosures

Course outline

Welcome

Introduction

Pre-application disclosure

- Exercise: Pre-application disclosure
- When are illustrations required?
- Checklist: Illustrations
- Exercise: Pre-application disclosure
- Exercise: Marketing information illustrations?
- Key messages
- Range of products
- Exercise: Product range disclosures
- Pre-application disclosure

Content of the ESIS (pre-application illustration)

- Exercise: Providing an ESIS
- Pre-application illustrations for other products

Disclosure at the offer stage

- Disclosing charges in the offer document
- Disclosures for other products

After-sale disclosures

- Disclosure at the start of the contract
- Annual statements
- Event-driven information
- After-sale disclosures for other products
- Further advances

Summary

Affirmation

Assessment

FCA Courses Library

Our FCA Course library of over 60 training modules covers everything from high-level and conduct of business standards to thematic topics, including treating customers fairly.

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Course Specifications

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Structure

Approximately 30-minute long e-learning course followed by a 9-question assessment.

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Audience

Suitable for all staff - examples and interactivities designed for staff at all levels. No previous knowledge or experience is required.

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Design

SHARD-compliant, responsive display on all devices, accessibility on screen readers, visual design controlled via a client style sheet.

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Test-Out

Ability to offer optional test-out, whereby users can choose to skip the course content and complete the learning assignment simply bypassing the assessment.

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Compatibility

All Windows, Mac OSX, iOS, Android (Flash-free for mobile compatibility). AICC and SCORM 1.2-compliant, suitable for both hosted and deployed SCORM or AICC.

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Tailoring

Fully customisable on Skillcast Portal CMS.

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Translation

Pre-translated versions not available, but all text content can be exported for translation into all languages.

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Localisation

Based on UK legislation, but suitable for global audiences upon the removal of UK-specific references and translation as necessary.