The RMAR must be submitted for all regulated intermediary firms with permissions in any or all of the following business areas;
- Investment (PIF's)
- General insurance / pure protection
- Mortgage business
RMAR data collection starts 1 April 2005 with the first returns submitted from 1 July 2005.
Firms have 30 working days (excludes weekends and bank holidays) after the reporting period ends to submit returns.
A firms return frequency is dependent on it's classification.
Smaller firms (Income < £60,000 p.a.)
- General Compliance - Twice yearly
- Financial Compliance - Annually in year one only
Medium firms (Income > £60,000 and < £5 million p.a.)
- General and Financial Compliance - Twice yearly
Larger firms (Income > £5 million p.a.)
- General and Financial Compliance - Quarterly
We can provide guidance regarding the preparation of the financial data and assistance the actual online submission.
For more information please contact a member of staff for a no obligation chat.
