Retail Mediation Activities Return (RMAR) help text
Fees data to report in RMA-J (Data required for calculation of fees).
1. Firms must report tariff data for fees and levies in RMA-J once a year. This will appear on your GABRIEL schedule for your year-end.
2. This information is required so that we can calculate the fees payable by the firm in respect of the FSA, the Financial Ombudsman Service (FOS) and the Financial Services Compensation Scheme (FSCS).
3. Details of existing fees rules and guidance are in the Fees Manual (FEES)
- Chapter 4 - FSA fees
- Chapter 5 - FOS levies
- Chapter 6 - FSCS levies
RMA-J help texts are subject to change during the year due to our consultations on our fees rules.
So before completing RMA-J, you should also refer to latest publications on fees. These will explain any proposed changes to the tariff data you must report, and the expected date when any changes will be implemented.
For further information on fees and levies, please visit our fees web pages.
General information for reporting fee tariff data in Section RMA-J
4. All monetary amounts must be stated in pounds sterling and in units of £1. For example, a figure of five thousand pounds must be entered as '5000'.
5. For FSA fees, there is a minimum fee in each fee-block whether or not your firm conducts any business relevant to that fee-block.
Annual income: Although your RMAR reporting period is six-monthly or shorter, the data you report in RMA-J should cover the 12 months ending on your latest ARD
Example:A firm's ARD is 31 December; the firm must complete RMA-J for the year ending 31 December 2008 in the RMAR it completes for the period 1 July 2008 to 31 December 2008. We must receive the data by mid-February 2009. We will use this data to calculate the firm's fees & levies for 2009/10 invoices.
Number of relevant approved persons: the data required is the total number of approved persons conducting relevant business as at 31 December.
What data should be reported in Section RMA-J?
6. In the applicable reporting period, the rules require that you must provide tariff data in RMA-J for the following fees and levies:
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Mortgage mediation (Annual Income) – FSA data only.
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Non-investment insurance mediation (Annual Income) – FSA data only.
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Life and Pensions mediation (Annual Income) – FSCS data only
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Investment mediation (Annual Income) – FSCS data only
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Investment mediation (Number of approved persons) – FOS data only.
We already have tariff data for all other fees and levies.
7. NB For mortgage mediation and non-investment insurance mediation activities, we will base your FOS and FSCS levies on the data you report for FSA fees, unless you choose to report tailored income figures for FOS and FSCS levies. It may benefit you to report tailored income if there is a material difference between your total annual income and the income you earn from business done only with customers eligible to use the FOS and/or FSCS. For further information on reporting tailored income, see fees for mortgage and general insurance business on our fees web pages.
How should Section RMA-J tariff data be calculated?
8. The definitions of tariff data vary according to the activities the firm is undertaking. The following table summarises the tariff data to be reported, and where this is defined in the FSA Handbook. This will help firms calculate the figure(s) to insert in relevant boxes in RMA-J. To get an indication of your likely fees and levies, you may wish to use the ‘online fee calculator’, available on our fees web pages .
Table 1: Summary of data needed to be reported in Section RMA-J of the Retail Mediation Activities Return
FSA |
FOS |
FSCS |
|
|---|---|---|---|
|
Annual income This is the data needed for fees in the A.18 fee-block (home finance providers, advisers and arrangers). The FSA Handbook rules on tariff data for this fee are in FEES Chapter 4 Annex 1R Part 2. Further guidance on how to calculate this data is in A.18 tariff data. |
Annual income This is the data needed for the levy in FOS industry block 16. The FSA Handbook rules on tariff data for this levy are in FEES Chapter 5 Annex 1R Part 2. You do not need to complete this field unless you wish to report tailored annual income. The FOS tailored income form will help you calculate the tailored income figure to insert in this field. |
Annual income This is the data needed for the levy in FSCS contribution group SE02. The FSA Handbook rules on tariff data for this levy are in FEES Chapter 6 Annex 3. |
Non-investment insurance mediation |
Annual income This is the data needed for fees in the A.19 fee-block (general insurance mediation). The FSA Handbook rules on tariff data for this fee are in FEES Chapter 4 Annex 1R Part 2. Further guidance on how to calculate this data is in A.19 tariff data. |
Annual income This is the data needed for the levy in FOS industry block 17. The FSA Handbook rules on tariff data for this levy are in FEES Chapter 5 Annex 1R Part 2 and FEES Chapter 4 Annex 1R Part 2 . You do not need to complete this field unless you wish to report tailored annual income. The FOS tailored income form will help you calculate the tailored income figure to insert in this field. |
Annual income This is the data needed for the levy in FSCS contribution group SB02. The FSA Handbook rules on tariff data for this levy are in FEES Chapter 6 Annex 3. You do not need to complete this field unless you wish to report tailored annual income. The FSCS tailored income form will help you calculate the tailored income figure to insert in this field. |
| Life & pensions mediation |
n/a |
n/a |
Annual income This is the data needed for the levy in FSCS sub-class SC02. The FSA Handbook rules on tariff data for this levy are in FEES Chapter 6 Annex 3. |
| Investment mediation |
n/a |
n/a |
Annual income This is the data needed for the levy in FSCS sub-class SD02. The FSA Handbook rules on tariff data for this levy are in FEES Chapter 6 Annex 3. |
| Investment mediation | Number of approved persons This is the data needed for fees in the A.12 and A.13 fee-blocks (advisory arrangers, dealers and brokers holding/not holding client money). We base these fees on numbers of approved persons on the FSA Register as at 31 December. You do not need to report this data to us. |
Number of relevant approved persons This is the data needed for the levy in FOS industry blocks 8 and 9. The data required is the total number of approved persons conducting relevant business as at 31 December. The FSA Handbook rules on tariff data for this levy are in FEES Chapter 5 Annex 1R Part 2 and FEES Chapter 4 Annex 1R Part 2. Further guidance on how to calculate this data is in industry block 8 tariff data and industry block 9 tariff data. |
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