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StarLeaf Delivers Solution for MiFID II Communications Compliance
StarLeaf’s range of native Microsoft Skype for Business meeting room systems enables financial organizations to achieve MiFID II compliance from desktop to the meeting room.
StarLeaf is the first manufacturer to offer meeting room systems that are fully-primed with a precise set of functionalities, enabling financial service organizations to comply with the new Markets in Financial Instruments Directive (MiFID II).
MiFID is a European Union law which standardizes regulation for investment services across all member states of the European Economic Area. Now in effect, MiFID II features substantial revisions that offer investors protection and transparency across all asset classes. Specifically, new rules dictate that all forms of communication concerning financial transactions are recorded so that there is an auditable trail. Crucially, compliance with MiFID II mandates that all video meetings are recorded and all participants logged, including those using meeting rooms.
“Financial service organizations that have adopted Microsoft’s UC platform are well catered for with a raft of enabling technology that supports their compliance,” said Jonathan Williams, Head of StarLeaf’s Microsoft Business Unit. “However, when it comes to video conferences and meeting rooms, organizations are faced with the need to record every meeting and log every participant. Ultimately, this means that room systems cannot be randomly used and every meeting participant must be logged. This is precisely where StarLeaf comes in, we offer our customers a way to achieve compliance by ensuring that all people joining via a StarLeaf Microsoft Skype meeting room system are accounted for and tracked.”
Jonathan concluded: “Notwithstanding MiFID II and its impact on our customers, we will always ensure that employees can use their conference room facilities with ease. The StarLeaf range of Microsoft meeting room solutions enables financial service providers to meet the MiFID II regulations while presenting a simple meeting room user interface that requires no training to use and is familiar to every Microsoft user.”
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