Q&A · ESMA
Recording of telephone conversations and electronic communications
Answered
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Recordings under Article 16(7) MiFID II must be kept for five years, and for longer, up to seven, only if the competent authority asks within those five years; once asked, the firm must stop deleting the records until the authority says they are no longer needed.
Details
| Reference | ESMA_QA_1770 |
|---|---|
| Issuer | ESMA |
| Published | 10 Oct 2016 |
| Answered | 10 Oct 2016 |
| Submitted | 10 Oct 2016 |
| ESMA topics | Recording of telephone conversations and electronic communications |
| Earlier Q&A document | ESMA35-43-349 MiFID II Investor protection topics Ch3, question 4 |
Provisions it relates to
- Article 16 MiFID II · Organisational requirementsExplicit reference · 90%
- MiFIR (whole act)Explicit reference