Q&A · ESMA
Recording of telephone conversations and electronic communications
Answered
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MiFID II does not require a separate function to monitor recorded communications; the existing compliance, risk management and internal audit functions suffice, but periodic monitoring of the records is an essential part of the firm's compliance arrangements.
Details
| Reference | ESMA_QA_1772 |
|---|---|
| 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 | ESMA 35-43-349 MiFID II Q&As ion Investor protection Ch. 3, question 6 |
Provisions it relates to
- Article 16 MiFID II · Organisational requirementsInferred · 85%
- MiFIR (whole act)Explicit reference