Context
The FCA has confirmed in Handbook Notice 131 and in Policy Statement PS25/7 that it has formally removed the requirement to complete Section F (Controllers and Close Links) of the Retail Mediation Activities Return (RMAR). The FCA has also confirmed that invoice and credit tasks are to be added to MyFCA, and that that firms will receive emails to let them know when an Online Invoicing System (OIS) task is due.
Key points to note and next actions
- Section F will be removed from the RMAR.
- The FCA acknowledges (following responses to the Consultation) concerns about the potential failure of firms to report changes to their close links and controllers, but will consider what the options are to remind firms of their obligations.
- There will be no change to the timing of annual fee invoices, which will be issued to firms between July and September.