PORTLAND, Ore., September 14, 2017 – Smarsh®, providing information archiving solutions for compliance, e-discovery and risk management, today announced that Marianna Shafir, Corporate Counsel and Regulatory Advisor, will be speaking at the Navigating the Maze of MiFID II conference, presented by the Financial Technologies Forum (FTF). Shafir will be participating on a panel, “MiFID II and Electronic Communication Records,” which takes a deep dive into the requirements for the recording of electronic communication that facilitates transactions. Requirements cover voice communication via text, instant messaging, email, mobile, and social media interactions. The event will be held Monday, September 18, 2017 at the Andaz Wall Street in New York City, and Shafir’s panel begins at 1:30 p.m. (ET).
Global market participants are racing to meet the 2018 deadline for Financial Instruments Directive (MiFID II). Beyond Europe, the market reforms are hitting home for U.S. financial markets, vendors, and financial services firms, which are overhauling operations and IT infrastructures. The Navigating the Maze of MiFID II conference will focus on the major impacts of MiFID II upon pre-trade data gathering, investor protections, post-trade reporting, settlement, and best execution, among other areas. Attendees will have the opportunity to immerse themselves into the complexities of the new regulatory regime, and gather useful insights from subject matter industry experts and peers. Join the event conversation on Twitter with the hashtag #FTFMiFID and at @FTFnews.
“Depending on the business and the country, some firms will need to make more substantial changes than others. However, even in the most heavily regulated countries, the MiFID II requirements on recording of order-related communications and associated record-keeping bring the need for new procedures and policies,” said Shafir. “MIFID II impacts the use of electronic communications and firms must retain records, including recordings of phone conversations on fixed line or mobile devices, and all electronic communications, including email, social media, instant messaging, text/SMS messaging and so on. The Navigating the Maze of MiFID II conference provides the opportunity to discuss the sweeping changes that will transform global securities trading and I look forward to providing insight that will help attendees ascertain the scope of the management problem for this requirement and what organizations can do to achieve compliance.”
Smarsh is actively helping financial organizations prepare to meet the recordkeeping and supervisory requirements under updates to the European Union’s Markets in MiFID II and its accompanying regulation (MiFIR), which go into effect on January 3, 2018. The regulations affect organizations that operate and/or do business with European firms providing investment services in the European Economic Area, and there’s an urgent need to have systems and processes in place to capture, retain and reproduce complete records of all services, activities and transactions on firm and client accounts. This includes all telephone calls on fixed and mobile, and all forms of electronic communications related to a trade, created or received by an organization’s employees and contractors.
Smarsh enables financial institutions to meet the records retention and oversight requirements of organizations such as the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the U.K.’s Financial Conduct Authority (FCA). For more information on how Smarsh and The Archiving Platform help firms meet MiFID II and MiFIR recordkeeping and supervision requirements, read the Smarsh MiFID II solution brief and visit www.smarsh.eu.
Smarsh® delivers a comprehensive and integrated stack of information archiving applications and services that help companies protect themselves and manage risk. Its centralized platform provides a unified compliance and e-discovery workflow across the entire range of digital communications, including email, social media, websites, instant messaging, mobile text messaging and voice. Founded in 2001, Smarsh helps more than 20,000 organizations meet regulatory compliance, e-discovery and record retention requirements. The company is headquartered in Portland, Oregon, with offices in New York City, Boston, Raleigh, N.C. and London.
Lumina Communications for Smarsh, Inc.