Acre automates RMAR reporting to drive firm efficiency

Acre, the UK’s fastest growing intermediary platform, has further enhanced its toolkit for regulatory compliance with the introduction of Retail Mediation Activities Return (RMAR) reporting. Now firms can ensure RMAR reporting to the FCA is faster and easier, using the information already held within Acre.

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Historically RMAR reporting has been a manual task, which comes with the risk of data inaccuracies or missed deadlines or a call from the regulator. To help principals reduce this risk, Acre has added four Retail Mediation Activities Return (RMAR) automated reports to its CRM platform - which apply to FCA threshold conditions, training and competence, conduct of business and consumer credit income. At the click of a button, these reports pull a snapshot of the data already held within Acre’s CRM in a format ready for submission, drastically reducing the risk of errors and delays.

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Justus Brown, Acre’s CEO and founder, said;

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^{“The FCA may have recently hinted at cuts to regulatory commitments, including section F of RMAR, but the reality is that, today, advisors remain obligated to collate the data for compliance reports across a host of regulations, like the twice-yearly RMAR. Our mission at Acre is to ease the workload of advisors, compliance teams, firms and networks. Our new RMAR reports means that at a click of a button firms can automatically deliver submissible, accurate data without the heavy lifting.”}

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Sesame Bankhall Group (SBG) was a key partner during the pilot testing of Acre’s RMAR reporting, with its firms given first-access.

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Claire Cherrington, Director of PMS and Bankhall at SBG, said:

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^{“At Sesame Bankhall Group, we’re committed to supporting advisers with the tools they need to thrive in a demanding regulatory environment. Acre’s embedded compliance functionality aligns perfectly with that goal, helping firms reduce risk and streamline their operations. The addition of automated RMAR reporting is a significant step forward, giving advisers greater confidence in their submissions and freeing up valuable time to focus on client service.”}