Financial Services

Organisations operating in the financial services sector, such as intermediaries selling investments, home finance and general insurance are subject to the FSA. Accounting for financial services does require in-depth knowledge on the current requirements of the FSA and its implementation. At RA Accountants we are experienced in working with clients from this sector – so you can be confident that you are in safe hands.

Registering with the FSA

We can help people with the process of registering with the FSA as an Insurance Broker or Mortgage Broker – and then assist with their reporting requirements.

FSA Reporting Requirements

Insurance Brokers and Mortgage brokers twice a year have to submit a Retail Mediation Activities Report (RMAR) to the FSA. Much of the content of these reports is based on the financial information of the business. We have identified the key areas of your financial information (accounts) on which the FSA concentrate and hence can advice you in advance ahead of your reporting requirements.

FSA CASS 5 Client money Audit

RA Accountants is experienced in undertaking CASS 5 Client money audits of FSA registered firms, who hold money on behalf of their clients.  As per FSA rules, if this money exceeds £30k then a client money audit will have to be completed.