Regulated firms may only need to complete Section K of their Retail Mediation Activities Return (RMAR) once annually rather than the current twice-per-year under data changes proposed by the Financial Conduct Authority (FCA).
The regulator is suggesting changes to both the RMAR and the annual questionnaire for Authorised Professional Firms (APFs). For the RMAR, it is proposing moving to an annual, rather than six monthly reporting obligation for Section K and, as it previously suggested, allowing firms to complete that section on either a cash or accruals accounting basis. The regulator plans to make a number of changes to field labels and references in Section K in a bid to make the completion process easier for advisers. However, there will be no material changes to the data advisers need to report. F...
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