FCA removes reporting and notification requirements

The FCA has published its final policy on removing specified reporting and notification requirements:

• FSA039 – Client money and client assets;
• RMA-F – Section F of the Retail Mediation Activities Return (RMAR); and
• Form G – an event-drive individual adviser complaints notification

The proposals were overwhelmingly supported by respondents, who said the changes would reduce the compliance burden on their firms and encourage growth.

The FCA is continuing the work on its data decommissioning workstream, having consulted on further decommissioning of returns in its June 2025 quarterly consultation.