Stock Brokers Allowed to Make Written Notes of Transactions Due to Coronavirus

German fugitive arrested for fraud and forgery in Costa Blanca's Torrevieja. Image: National Police/Twitter

WITH many banks and investment firms closing their dealing rooms and asking staff to work from home because of coronavirus, they now face a possible breach of European Union trading laws.

The EU market watchdog has confirmed that whilst all traders are supposed to record conversations with customers, for the duration of the current crisis, they must take detailed written notes of their conversations in all cases if they can’t record them.

This is response to complaints from banks that they have not received sufficient advice on what they should tell their staff to do in order to comply with the law.

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John Smith

Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Share your story with us by emailing [email protected], by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews

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