Requirement (MIFID)
Article 7 Record-keeping of client orders and decisions to deal
Requirements MIFID - REGULATION (EC) No 1287/2006
Description
Description
An investment firm shall, in relation to every order received from
a client, and in relation to every decision to deal taken in
providing the service of portfolio management, immediately
make a record of the following details, to the extent they are
applicable to the order or decision to deal in question:
(a) the name or other designation of the client;
(b) the name or other designation of any relevant person acting
on behalf of the client;
(c) the details specified in points 4, 6 and 16 to 19, of Table 1
of Annex I;
(d) the nature of the order if other than buy or sell;
(e) the type of the order;
(f) any other details, conditions and particular instructions
from the client that specify how the order must be carried
out;
(g) the date and exact time of the receipt of the order, or of the
decision to deal, by the investment firm.
Comment
Applies to Article 13(6) of Directive 2004/39/EC