Durable medium - FCA Rulebook Term: Difference between revisions

no edit summary
No edit summary
No edit summary
 
(3 intermediate revisions by the same user not shown)
Line 1: Line 1:
{{fullanat|fca|durable medium|}}
{{fullanat|fca|durable medium|}}
for this definition in its native habitat (ie a more reliable source than the above) see: [http://fshandbook.info/FS/glossary-html/handbook/Glossary/D?definition=G1286 FCA Website Definition]
Exactly what a “durable medium” is was a source of great consternation amongst the great wise council of [[Mediocre lawyer|cash equities counsel]] in the run up to yea, and subsequent to {{t|MiFID 2}}, even though the definition didn't change from {{tag|MiFID}} 1 and, indeed, it is littered throughout the European legislation.
A source of great consternation amongst the greast wise counsel of cash equities lawyers in the run up to - yea, and subsequent to - {{t|Mifid 2}}.  
 
One {{t|trick for young players}}: DON'T OFFER CLIENTS A CHOICE. If you offer a choice between paper and electronic, you have to respect it. If you don’t, you don’t.


It's an expression that is littered over European legislation and in a nutshell means
{{nuts|durable medium|FCA rulebook}}
{{nuts|durable medium|FCA rulebook}}


This looks to me to mean that an email will be sufficient, but simple web access will not.
===FCA definition===
For this definition in its native habitat (ie a more reliable source than the above) see: [http://fshandbook.info/FS/glossary-html/handbook/Glossary/D?definition=G1286 FCA Website Definition]
 
 
{{sa}}
*{{t|MiFID 2}}