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No time to relax with authorisation, warns ADMA

Martin Gilsenan, spokesman at ADMA, says: “ADMA wants to impress on brokers that getting authorised is only the first step.

“Compliance with FSA rules require ongoing dialogue with the regulator and the reporting requirements which first become due in April 2005 and six monthly thereafter.

“Brokers need to be able to provide key information at that time and understanding what is required and starting to collate it now, brokers will be ready for the first deadline.

“In order to help, ADMA&#39s website has added a section on reporting requirements which acts as a useful aide memoire in simple digestible English.”

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