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: Government leadership shakeup, provider results and Mental Health Awareness Week

The COVER Review: Government leadership shakeup, provider results and Mental Health Awareness Week

Week commencing 11 May 2026

COVER
clock 15 May 2026 • 1 min read
Government to launch mental health strategy

Government to launch mental health strategy

The UK Government has announced plans for a mental health strategy, aiming to shift focus from crisis intervention to preventative care.

Jaskeet Briah
clock 15 May 2026 • 4 min read
FCA logs 210 Consumer Duty whistleblower complaints in Q1

FCA logs 210 Consumer Duty whistleblower complaints in Q1

265 cases closed between January and March

Michael Nelson
clock 11 May 2026 • 2 min read