Intermediary Regulated Business Revenue Definition

1 the amount of work required by sup 15 15 8r will vary between firms.

Intermediary regulated business revenue definition. 3 in some cases a firm s total income intermediary regulated business revenue and all. Firms with current total intermediary regulated business revenue of 35million or more per annum calculated as a three year rolling average. Download underlying data for 2018 xlsx chart tips. Hover over data series to view the data values and filter the data categories by clicking on the legend.

Total intermediary regulated business revenue is calculated in accordance with the method that must be used to calculate the amount to be recorded in data element 4e total regulated business revenue in section b profit and loss account of the rmar. Are you a firm with total intermediary regulated business revenue of 35million or more per annum calculated as a 3 year rolling average. Firms with an annual regulated revenue generated by consumer credit lending of 100m or more calculated as a three year rolling average. The specific change will apply to those firms who do not currently complete an rma b return and who have over 35m in relevant business revenue.

Yes you are an enhanced sm cr firm. This section provides an overview of the revenue earned from each of the 3 specific regulated activities reported by firms in rma b profit and loss account. 2 in some cases the firm s total intermediary regulated business revenue will be so small or large that the firm will need to do little work to establish whether or not it meets the retail intermediary qualification condition. An intermediary is an individual or organization that adds value in an interaction transaction or information exchange between parties.

Enhanced firms a small proportion of solo regulated firms in the insurance market will fall into this category and will have to abide by extra sm cr rules. Being in a weak strategic position means that you are vulnerable changes in the future and a business that can have a significant portion of their revenue go away at any given time is in a dangerous position. The fca is proposing to amend one of the criteria total intermediary regulated business revenue that would bring a firm within the scope of the enhanced regime. What is a problem is when a business has a significant portion of sales dependant on any one player.

Firms with current total intermediary regulated business revenue of 35 million or more per annum calculated as a 3 year rolling average will be enhanced firms. The following are illustrative examples.