Firms who provide intermediary services arranging and/or advising on retail products must submit a retail mediation activities return (RMAR).
This includes the following retail products:
- mortgages
- non-investment insurance
- investment products
The RMAR has 11 sections, covering different aspects of a firm’s business.
Which sections firms complete will depend on the type of business they do.
The following firms must complete the sections of the RMAR relevant to the activities they undertake:
- Firms with permission to carry out insurance distribution activity in relation to non-investment insurance contracts (such as general insurance broker).
- Firms with permission to carry out home finance mediation activity (such as mortgage broker).
- Personal investment firms and other investment firms that have retail customers and carry out certain activities in relation to them, such as advising on investments (such as financial adviser or wealth manager).
When to report
Firms must report at least twice a year for most sections of the return, based on their accounting reference date, with 30 working days in which to submit the return.
Background
The RMAR was originally introduced in April 2005 (by the Financial Services Authority).
Read why we collect data on retail mediation activities and what we use it for.