In the group scenario, which regulator is responsible for authorising mortgage intermediaries according to the material?

• A. Competition and Consumer Protection Commission
• B. Central Bank
• C. Financial Regulator
• D. Insurance Authority

Answer: (B)

Mortgage intermediation licensing is handled by the central bank. This regulator licenses and supervises financial service providers that give credit intermediation or lending-related services, ensuring they meet standards for fit and proper governance, conduct, and consumer protection. The other bodies have different roles: competition and consumer protection authority focuses on market behavior and protections rather than licensing mortgage intermediaries; the Financial Regulator was the old umbrella for financial regulation but has since been integrated into the central bank; the Insurance Authority regulates insurance products and insurers, not mortgage intermediation. So, in the group scenario, authorising mortgage intermediaries falls under the Central Bank.