When the MiFID II rules come into law across European Union member states in January 2017, we are going to see a major change in the way that trading communications are recorded and stored.
Firms need to be preparing now to ensure that they are ready to meet the requirements. The most recent technical standards released by ESMA in September 2015 provide advice and guidance on doing so, but for many firms and market participants there is still uncertainty around the technical details when it comes to records retention.
Robert Powell, Global Head of Compliance at Etrali Trading Solutions, advises on best practice when it comes to being prepared for MiFID II and outlines his six core areas of focus.
Read the full article in FOW here: