Retail Mediation Activities Return (RMAR): A Guide

Introduction

The Financial Conduct Authority (FCA) uses the data it collects through the RMAR process to guide its supervisory approach and assess regulated firms’ compliance with its threshold conditions. This process allows the Regulator to identify which firms they should prioritise for supervisory attention and to better understand the activities undertaken and whether ultimately, they pose any risk to consumers.

An RMAR submission which has been incorrectly completed is a red flag to the FCA which increases regulatory scrutiny and could end up being an expensive error due to incorrect fee calculations.

This bitesize webinar concentrates on the completion of the financial sections of the RMAR as they apply to insurance intermediaries.

What You Will Learn

This short webinar will cover the following:

• A step-by-step guide to the correct completion of sections A-D and section J of the RMAR
• A review of common pitfalls identified and how to avoid them
• Appointed Representatives - and how they fit in
• RMAR’s and UK branches of EEA insurance intermediaries - some practical tips
• RMA-J - a guide to completing your fees calculation to the FCA, FOS and FSCS correctly