The FSA today published its new data reporting rules for Retail Mediation Activities Return (RMAR) forms. Here is IFAonline's breakdown of the changes you need to know.
Today's rules are part of the regulator's plans to extend the transactional data it receives via product sales data by collecting extra information from firms via the twice-yearly RMAR forms. Following a consultation in May, here are the new reporting requirements: -Firms will need to record the charging structures in the original proposals (per hour and percentage of investment) and also structures where charges are based on a fixed fee or a combined adviser charging structure. -The FSA will still require firms to indicate which charging structure is typically offered for both ini...
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