FCA will not demand advisers tape client meetings
The Financial Conduct Authority (FCA) has decided Europe-wide rules on recording client consultations do not require UK financial advisers to tape face-to-face meetings to prove they are acting in clients' best interests.
Under the Markets in Financial Instruments Directive II (MiFID II), expected to take affect from 3 January 2017, advisers will need to record certain telephone conversations and electronic communications,...
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