Acre has introduced automated Retail Mediation Activities Return (RMAR) reporting to its CRM system to streamline regulatory compliance for advisers and networks.
The new functionality is aimed at removing one of the more laborious and error-prone elements of FCA reporting. RMAR reporting, a twice-yearly requirement, has historically relied on manual processes, exposing firms to potential delays and inaccuracies — and the regulatory repercussions that can follow.
Acre claims its automated reports, now integrated into its platform, offer an immediate, submission-ready data extract covering key areas including threshold conditions, training and competence, conduct of business, and consumer credit income.
The enhancement, which uses data already captured within Acre’s CRM, enables firms to compile reports at the click of a button, significantly reducing time spent on administrative compliance tasks, it says.
Justus Brown, chief executive and founder of Acre, said: “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.”
The Sesame Bankhall Group (SBG) participated in a pilot of the system, with firms in the group given early access to the new feature.
Claire Cherrington, director of PMS and Bankhall at SBG, added: “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.”
