Keeping the FSA informed
These pages contain help with completing the RMAR – the electronic form directly authorised motor retailers use to report to the FSA.
The RMAR – helping you get your six monthly return right
We have found common questions in the RMAR that motor retailers have had problems with. These are:
- capital resources;
- professional indemnity insurance; and
- training and competence schemes.
We are also seeing significant numbers of RMARs from motor retailers with sections left incomplete or with information in them that is clearly incorrect. It is essential that you supply us with reliable data and send it on time. If you don't do this we will follow this up with you, creating extra work for you, and time away from your core business of selling vehicles. Please read the help below if you are having problems completing your RMAR.
When completing your RMAR
The section by section guide addresses the areas firms have problems with. If you're stuck on a section of the RMAR, check the guide to see if you can get help.
Before you complete your RMAR
We also have some top tips to make your life easier. Please read through these before beginning your next RMAR.
We know completing the RMAR can be tough – but it is essential to allow us to do our job properly. See our explanation of why we ask you to complete it.
Getting your RMAR right will make your life easier and save you time and effort. You will avoid having to deal with the follow-up queries we make when we find inconsistencies or problems with RMARs or if RMARs are late. It also will show us that your firm is serious about meeting its regulatory responsibilities.
Explanation - why we have the RMAR