The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, is issuing a Public Statement to clarify issues regarding the application by firms of the MiFID II requirements on the recording of telephone conversations.
?ESMA clarifies position on call taping under MiFIDII
ℹ️ESMA has issued a Public Statement clarifying issues regarding firms application of the MiFID II requirements on recording telephone conversations #MiFID #investorprotection
?https://t.co/bWfKYWkp0G pic.twitter.com/Oj9SrCsdcL
— ESMA (@ESMAComms) March 20, 2020
ESMA reminds firms of the MiFID II requirements in this area. ESMA also recognises that, considering the exceptional circumstances created by the COVID-19 outbreak, some scenarios may emerge where, notwithstanding steps taken by the firm, the recording of relevant conversations required by MiFID II may not be practicable. If firms, under these exceptional scenarios, are unable to record voice communications, ESMA expects them to consider what alternative steps they could take to mitigate the risks related to the lack of recording.
Firms are expected to deploy all possible efforts to ensure that the above measures remain temporary and that recording of telephone conversations is restored as soon as possible.
ESMA, in coordination with national competent authorities, continues to monitor developments in financial markets, including the application of relevant EU requirements by market participants, as a result of the COVID-19 situation and is prepared to use its powers to ensure financial stability, orderly functioning of EU markets and investor protection.
Source: ESMA
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
Markets Media Group was pleased to host the 2025 European Women in Finance Awards last night at Claridge’s in London.
#WomeninFinance #WIF #EuropeanFinance #FinanceCommunity
See the full list of winners here: https://www.marketsmedia.com/2025-european-women-in-finance-awards-the-winners/
We are excited to announce the finalists for the 2025 U.S. Women in Finance Awards! Congratulations to all!
Check out the full list here:
#WomeninFinance #WIF #financeindustry
Nominations are NOW OPEN for the 2026 Women in Finance LatAm Awards! Do you know a standout leader, innovator, or rising star? Nominate her today!
Learn more & submit your nomination:
#WomeninFinance #Finance #WIF
HSBC AI Markets harnesses natural language processing to meet market participants’ trading and hedging needs, from pre-trade analysis, to execution, to post-trade. Markets Media caught up with Tom Croft to learn more about the platform.
#AIMarkets
Related articles
-
The firm will donate net commissions from trading today in memory of Peg Broadbent.
-
There were notable increases in Latin American and Chinese yen clearing.
-
Slowdown in economic activity provides a window to accelerate workforce transformation and upskill staff.
-
Funds will go to charities working to support vulnerable people impacted by COVID-19.
-
Physical attendance at the AGM will not be possible due to Covid-19.
We're Enhancing Your Experience with Smart Technology
We've updated our Terms & Conditions and Privacy Policy to introduce AI tools that will personalize your content, improve our market analysis, and deliver more relevant insights.These changes take effect on Aug 25, 2025.
Your data remains protected—we're simply using smart technology to serve you better. [Review Full Terms] | [Review Privacy Policy] Please review our updated Terms & Conditions and Privacy Policy carefully. By continuing to use our services after Aug 25, 2025, you agree to these
