20 March 2020
Communiqué

ESMA clarifies position on call taping under MiFID II

Considering the exceptional circumstances created by the COVID-19 outbreak, the European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has issued a Public Statement to clarify issues regarding the application by firms of the MiFID II requirements on the recording of telephone conversations.

Please find below a link to the document:

https://www.esma.europa.eu/sites/default/files/library/esma35-43-2348_esma_statement_on_covid19_telephone_recording.pdf

The CSSF, in coordination with ESMA and the other national competent authorities, continues to monitor developments in financial markets, including the application of relevant EU requirements by market participants, as a result of the COVID-19 situation.