The upcoming Markets in Financial Instruments Directive 2014/65/EU (known as ‘MiFID II’) is a new pan-European regulation that aims to provide stronger investor protection and transparency for clients. MiFID II builds on the existing MiFID regulation and will have an even more pronounced impact on the financial landscape. MiFID II rules will come into effect from 3 January 2017.
In addition to building on existing rules, it introduces new requirements, including the recording and storage of all calls that are intended to result in a financial transaction. Thus anyone making a call in which they recommend products or aim to make a ‘transaction’, will have to record that call and store the recording for five years [ref. Article 16(7)].
It’s a complete solution that ensure you meet all relevant regulations and MiFID call recording obligations.