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Mifid CALL RECORDING – 2020 REGULATION UPDATES AND COVID VIRUS RESPONSE

Back in November 2019, there has been a respiratory disease that was originated in the city of Wuhan, China. Where one citizen is contaminated by the said illness and died from it. Nevertheless, considering that there has been plenty of people that interacted with the said individual, they have also been infected with the deadly microorganism. Since then, it was known that this disease they named the COVID-19 or the Corona Virus Disease 2019, is only being transferred to other hosts by human-to-human transmission.

With this fact alone, those who were able to communicate with the persons who are debased by it, they have also been corrupted. Most especially, senior citizens and kids who are prone to viral infection, given their weak immune system. 

This is the leading cause why it hastily spread throughout the country of the sleeping giant, also known as China, that even those foreign vacationists or business travelers who were within the country are not an exception with having their health being corrupted by this sickening condition.

As the new year enters, and after months of 2020 has passed, COVID-19 quickly diffused in several countries. And ever since then, the epidemic is now considered a pandemic that will surely be remembered in the history of the 21st century.

Meanwhile, with the increasing number of COVID-19 death cases, the government officials in different regions have implemented a total lockdown or an enhanced community quarantine. This is to narrow down the spread of the destructive respiratory virus and refrain many people from being victimized and died because of it.

That even those big or small businesses have been closed down for safety purposes. However, although this is a massive benefit to be safe and sound within the four corners of your home from the catastrophe, there is also a disadvantage.

Particularly to those who are working in institutions that are obliged on the regulation of the MiFID phone recording and WhatsApp call recording. Given that, there has been a mild complication within their operation and negotiations between consumers and with their fellow entrepreneurs. This is what gives the Market in Financial Instruments Directive a driving force to amend their lawsuit in terms of recordkeeping. 

For any updates regarding the newest regulation of the MiFID amidst the existence of the Corona Virus, read the infographic below brought to you by TeleMessage:

 

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