Requirement (MIFID)
Article 8 Record-keeping of transactions
Requirements MIFID - REGULATION (EC) No 1287/2006
Description
Description
1. Immediately after executing a client order, or, in the case of
investment firms that transmit orders to another person for
execution, immediately after receiving confirmation that an
order has been executed, investment firms shall record the
following details of the transaction in question:
(a) the name or other designation of the client;
(b) the details specified in points 2, 3, 4, 6 and 16 to 21, of
Table 1 of Annex I;
(c) the total price, being the product of the unit price and the
quantity;
(d) the nature of the transaction if other than buy or sell;
(e) the natural person who executed the transaction or who is
responsible for the execution.
2. If an investment firm transmits an order to another person
for execution, the investment firm shall immediately record the
following details after making the transmission:
(a) the name or other designation of the client whose order has
been transmitted;
(b) the name or other designation of the person to whom the
order was transmitted;
(c) the terms of the order transmitted;
(d) the date and exact time of transmission.
Comment
Applies to Article 13(6) of Directive 2004/39/EC