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Q&A · ESMA

Recording of telephone conversations and electronic communications

Answered
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AI-generated Summary

Internal calls and electronic communications that are intended to result in, or relate to, order reception and transmission, execution for clients or dealing on own account must be recorded under Article 16(7) MiFID II, for example a sales desk asking the trading desk for a quote; back-office staff are not normally caught, and internal face-to-face conversations fall under the general record-keeping rules in Article 16(6).

Details

ReferenceESMA_QA_1766
IssuerESMA
Published10 Oct 2016
Answered10 Oct 2016
Submitted10 Oct 2016
ESMA topicsRecording of telephone conversations and electronic communications
Earlier Q&A documentESMA35-43-349 MiFID II Investor protection Q&As , Ch3, question 1