Q&A · ESMA
Recording of telephone conversations and electronic communications
Answered
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Article 16(7) MiFID II recording covers conversations and communications with clients that relate to agreeing to carry out client order services or own-account dealing, and with others about handling orders and own-account trades, including prices, quotes and indications of interest even if no deal results; firms must stop such conversations happening on unrecorded systems.
Details
| Reference | ESMA_QA_1777 |
|---|---|
| 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 Q&As on Investor protection Ch. 3, question 11 |
Provisions it relates to
- Article 16 MiFID II · Organisational requirementsInferred · 95%
- MiFIR (whole act)Explicit reference