About Midmar

Midmar is an FCA-authorised Principal Firm and Alternative Investment Fund Manager, overseeing the compliance of 12 Appointed Representatives (ARs)*. Dedicated to maintaining rigorous regulatory standards, Midmar sought a modern solution to streamline compliance processes and improve operational efficiency.

THE CHALLENGE

Managing AR Compliance Obligations

Midmar faced the challenge of effectively tracking and managing compliance obligations across its AR network. With the FCA’s increased focus on the AR regime, it became essential to enhance oversight processes. Initially, Midmar explored solutions to create a compliance calendar for its ARs. However, as Laura Thomson, a representative from Midmar explained,

“Following a demo call with Leo, we recognised the potential of using the platform to collate many of our reports and other tools. The FCA’s push for RegTech adoption in the sector further encouraged us to make the transition.”

THE SOLUTION

Centralised Compliance Platform

Leo RegTech provided a comprehensive solution that addressed Midmar’s needs. By integrating multiple tools and reports into a single platform, Leo enabled Midmar to centralise compliance management while improving efficiency. Laura adds

“Midmar’s ARs now use Leo to maintain essential registers, such as gifts, CPD logs, breaches, and marketing. The platform’s reporting functionality also supports monthly submissions from ARs, further simplifying oversight.”

THE BENEFITS

Improved Oversight and Time Savings

Since implementing Leo, Midmar has experienced tangible benefits in compliance oversight and efficiency.

“Scheduling tasks has become easier using the calendar, chasing ARs via email has lessened, and the ability to check live registers is incredibly helpful,” notes Laura.

The platform has also significantly reduced the back-and-forth emails, creating a seamless and secure process supported by multi-factor authentication.

By centralising compliance requirements in one secure platform, Midmar can focus on its core operations while maintaining confidence in its regulatory compliance. Laura explains,

“When we onboard an AR, we discuss compliance requirements, and having Leo as the main platform has made oversight much easier.”

Bespoke Modules and Continuous Development

Midmar worked closely with Leo’s tech team to develop a bespoke Knowledge & Competence module. Hari Selvam highlights,

“The Leo tech team were very accommodating and helped us make the module as user-friendly as possible.”

Additionally, Midmar appreciates Leo’s continuous development, including upcoming features like CDD functionality.

Professional and Accessible Support

Transitioning to Leo was a straightforward process for Midmar, thanks to the professional support provided by the Leo team.

“The Leo team were very available, professional, and explained a lot of the functionality in layman’s terms,” shares Laura.

Any minor issues, such as permissions adjustments, were promptly addressed by the responsive support team.

A Trusted Compliance Partner

Through its partnership with Leo RegTech, Midmar has strengthened its compliance processes, benefiting from improved oversight, time savings, and a secure, centralised platform. By embracing bespoke modules and leveraging continuous platform enhancements, Midmar is well-positioned to navigate the evolving regulatory landscape with confidence. Laura concludes,

“We are excited for the new features that are coming up, and Leo’s team has consistently demonstrated their commitment to innovation and customer support.”

 

*As of the time of printing this article