Compliance, MiFID 11

MFid kromers

Under MiFID II, it will become mandatory for all financial institutions to record telephone calls and electronic communications. FCA Consultation Paper Paragraph 2.34

 The term electronic communication has a wide application.

It includes fax, email, Bloomberg mail, video conferencing, SMS, business to business devices, chat and instant messaging. But is not limited to these as it captures any electronic communications involving receiving client orders and the agreeing and arranging transactions.

Kromers can help detailing a solution that meets the legislative deadlines to prevent penalty FCA fines.

All aspects of Videoconferencing should be considered, including Skype for Business, teams, conference room VC. As well as soft clients of Zoom, Bluejeans and others.

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