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The FSA has published its Policy Statement (PS) confirming its proposals to make the recording of electronic communications mandatory for firms taking client orders and concluding transactions in the equity, bond, and derivatives markets. The move is intended to standardise existing practices amongst firms, which varies widely, and assist the FSA in enforcing and investigating suspected cases of market abuse.
The new rules will come into force on 6th March 2009.
Click here to read the full report (PDF)
Grainger Consulting, Quantum House, 32 Mellor Road, Cheadle Hulme, Cheshire, SK8 5AU, United Kingdom
Phone 0161 486 1000
E-mail cheadle@compliance.co.uk
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