Date-stamp loading
Version date: 10 October 2016 - onwards

Question 11 Telephone conversations and electronic communications that should be recorded [Last update: 10 October 2016]

Art. 16(7) of MiFID II Art. 76 of the MiFID II Delegated Regulation

What telephone conversations and electronic communications should be recorded in accordance with Article 16(7) MIFID II?

Answer 11

In ESMA’s view, the following stages of conversations and electronic communications [For example, transactions concluded through online websites, online platforms and smart phone applications.] that relate to the provision of client order services or dealing on own account will be caught by the rules:

Conversations or communications with a client, or a person acting on behalf of such a client, which relate to an agreement by the firm to carry out one of the covered activities, whether as principal or agent.

Conversations or communications with any other person, which relate to transactions concluded when dealing on own account and the provision of client order services that relate to the reception, transmission and execution of client orders. This should include telephone conver

Comparing proposed amendment...