The Impacts of 2018 MiFID II Regulations on Storage
The Markets in Financial Instruments Directive (MiFID I and II) requirements, administered by the European Securities and Markets Authority (ESMA), are set to be implemented on January 3, 2018, including the revised MiFID I, and a new Markets in Financial Instruments Regulation (MiFIR).
These regulations require that financial advisors and corporate brokerage firms record all electronic communications, including email, social media, IMs, and phone conversations that are related to trades. And this means that all records must be archived in an immutable storage medium that cannot be altered or deleted, and made available to clients and regulators on-demand to ensure compliance.
Read our latest white paper that focuses on these new MiFID II regulations, specifically in regards to the requirements for proper management and storage of these communications, and how having the right archiving solution can help you achieve compliance.