The challenge of Mifid2 Archiving

Investment firms and Credit institution are held to keep a record of all the transactions that they concluded and of the communication relating to that transaction. Records shall include the recording of telephone conversations or electronic communications relating to, at least, 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 means that all electronic communication and telephone conversations need to be properly archived and readily available.