FSA: Traders Must Record Client Order Telephone Conversations

Sandman, John; Eggebrecht, Michael
March 2008
Securities Industry News;3/17/2008, Vol. 20 Issue 11, p1
Trade Publication
The article reports on the decision of the Financial Services Authority of Great Britain to require financial services firms to record telephone conversations and other electronic communications to help deter and detect market abuse. The rules will take effect starting March 2009. The rules will affect all forms of communication of financial services firms like telephone calls, e-mail, instant messages and faxes. It relates the costs that firms would incur due to the rules.


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