MiFID II, DB transfers and suitability: 2017's 10 most important regulation articles

1. FCA U-turns on adviser phone-recording rules In March the regulator turned back on its early Markets in Financial Instruments Directives II (MiFID II) proposals that would see advisers record all phone conversations and chose to instead allow advisers to follow the "least analogous rule".  The regulator said a full taping obligation for advisers "may not always be appropriate" due to the business model of some firms, and later confirmed advisers would be able to either tape all "relevant" phone conversations or take down written notes on those conversations under the altered rule. ...