IFAs criticise FSA for RMAR shutdown

This is the second time the FSA has shut down the site for “essential maintenance” without sending any prior warning to firms. Linda Chandler, technical officer at the Association of Independent Financial Advisers (Aifa), says the lack of any warning causes problems for IFAs who pre-arrange meetings with their accountants or out-sourced compliance support during the shut-down period in order to complete the form. Although there is a sign on the FSA's Firms Online section, informing IFAs about the maintenance work, Chandler points out firms will only become aware of this when they visi...