The FCA has published Policy Statement 14/13: Changes to regulatory reporting: Adviser charging and product sales data, including feedback to CP14/5 and final rules (PS14/13).
In PS14/13 the FCA summarises the feedback it received on its earlier consultation which proposed changes to section K of the Retail Mediation Activities Return (RMAR) and the product sales data (PSD) reporting requirements. Based on the feedback to the consultation the FCA has made some small amendments to its final rules and guidance but it has decided to proceed with the main elements of its original proposals.
The changes to section K of the RMAR will take effect from 31 December 2014. The changes to PSD reporting will take effect in two stages: the first from 1 October 2014 reflects the policy changes pre mortgage market review (MMR) implementation and the second from 1 January 2015 reflect the changes post MMR implementation.