New rules, regarding financial transactions and insturements, are set to shake up the European regulatory scene for a diverse range of financial services firms. Importantly, they are due to be implemented on January 3, 2018, with a zero-tolerance policy. Time is running out.
So any business not meeting the requirements will face punishment in the form of heavy fines, meaning it’s vital to act now.
The Markets in Financial Instruments Directive II, known as MiFID II, and the accompanying Markets in Financial Instruments Regulation (MiFIR) expand on existing rules, under the existing MiFID rules, which was introduced in light of the financial crisis to improve the functioning of financial markets making them more efficient, resilient and transparent.
There are some important additions to the existing rules, particularly around the recording of all calls that lead to a financial transaction. Under the new rules, all communications, fixed and mobile, that are intended to lead to a transaction will need to be recorded, and securely stored for 5 years.
But MiFID II also poses a unique set of challenges – there’s more to compliance than simply recording conversations.
That’s why Touch, an experienced, call recording services specialist, will be holding a must-attend webinar that you just cannot afford to miss!
Entitled, ‘Smooth the path to MiFID II compliance and protect your business’, our exclusive webinar will highlight the pitfalls and challenges of meeting MiFID II requirements – and how to ensure compliance for your organisation.
Sign up today to learn:
If you’re a Compliance Officer, CIO, or a Financial Services professional this webinar is essential listening.
Furthermore, if you sign up now, you will receive a free copy of our guide to the challenges of MiFID II.
Webinar date: 16th November 2017, 14.00 GMT | 15.00 CET