The FCA have updated regulation for all firms that conduct investment business. They will therefore be affected by MiFID II, regardless of their current or future MiFID status. In essence, among other rules under the directive, all financial advisers giving advice over the telephone must record and securely store all information for a period of 5 years.

I am Reg Goslin Sales Director at Connect-it Communications.

The FCA have updated regulation for all firms that conduct investment business. They will therefore be affected by MiFID II, regardless of their current or future MiFID status. In essence, among other rules under the directive, all financial advisers giving advice over the telephone must record and securely store all telephone calls with clients or potential customers which may lead to a trade. Those calls must be securely stored for a period of 5 years. You will of course be aware that this must be implemented by 3^rd January 2018.

We are targeting IFA’s to support them with the MiFID directive and will be holding a lunchtime solution event, here at the Innovation Centre Medway, on Wednesday 6^th December at 13:30. The purpose of the event is not to take you through legislation, but to demonstrate to potential customers how Connect-it can help you to painlessly make the transition. You will also have an opportunity to meet with sector peers.

Please click to register for this key event.