The RMAR section J report includes all income including fees, commission & other income invoiced during the date range specified for the following categories:
- Home Finance mediation
- Non-investment insurance mediation
- Life & pension mediation
- Investment mediation
In addition the income for each category is reported for the following organisations based on their individual reporting requirements for each income category:
- Financial Conduct Authority (FCA)
- Financial Ombudsman Service (FOS)
- Financial Services Compensation Scheme (FSCS)
In order for income to be reported in the relevant category the FCA Business class is used to define which category a fee is reported in as shown in the table below:
Non-investment insurance mediation
Life & pension mediation
Life & Pensions
Life & Pensions
Life & Pension
In order to exclude a client from FOS or FSCS reporting within section J, check the relevant field on the Clients > Overview screen:
- Exclude from FOS Reporting
- Exclude from FSCS Reporting
Payments to Introducers and Networks who are directly authorised will not be included on this report, as they will submit their own returns. These options are set under the Introducer record within Contacts and are excluded.
An extract function is available on the report to extract the underlying detail into an excel spreadsheet.
Some clients should be excluded from the FOS and FSCS reporting. For further information please refer to your compliance officer or the FCA website.
For more detail on the report criteria, please view the following document;
Please contact the support team to apply the most recent Section J update to your Compliance module if it has not already been applied.