Total Recall - Five things you need to know about client call recording

clock • 6 min read

OPAL Group's Matt Oldham discusses what advisers need to know about client call recording given the Financial Conduct Authority's recent clarification on the rules.

The FCA has clarified its position on which firms need to routinely record all conversations with their clients. Existing rules already require firms whose business involves executing trading orders for clients or trading on their own account to record all their calls and the FCA had been considering rolling this out to cover all retail financial advisers which are classed as investment firms. Following a consultation on these plans it has now backed away from requiring all advice firms to make recordings of their calls, saying this may be disproportionate for smaller firms.   Howe...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Regulation

The COVER Review: FCA Pure Protection Market Study, KBW and IPAW

The COVER Review: FCA Pure Protection Market Study, KBW and IPAW

Interview with FCA's Graeme Reynolds

COVER
clock 25 September 2026 • 1 min read
PFS names Kate Gannon as president

PFS names Kate Gannon as president

Previous vice-president for PFS

Jenna Brown
clock 24 September 2026 • 2 min read
Keep Britain Working: Improving working-age health could generate £57bn

Keep Britain Working: Improving working-age health could generate £57bn

Updated report published

Cameron Roberts
clock 23 September 2026 • 3 min read