The new rules in COBS that require firms to record telephone conversations in respect of dealings in certain financial instruments for or on behalf of clients took effect from 6 March. The rules require recording of calls and keeping of emails, faxes and instant messages where an employee has used equipment provided or sanctioned by the firm. There are some exemptions, particularly for calls from mobiles and for discretionary managers.
Register Now As you are not an existing subscriber please register for your free daily legal newsfeed service.
RegisterIf you have any questions about the service please contact customerservices@lexology.com or call Lexology Customer Services on +44 20 7234 0606.
COBS telephone recording rules now in force
- Dentons
- Robert Finney
- United Kingdom
- March 13 2009
-
If you are interested in submitting an article to Lexology, please contact Andrew Teague at ateague@lexology.com.
John Corcoran
Director, Legal Services
Cisco Systems, Inc