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Rapid Response Team: 0800 559 3500
Switchboard: +44 (0)203 947 1539
Rapid Response Team: 0800 559 3500
Switchboard: +44 (0)203 947 1539

Aziz Rahman analyses for Law360 the FCA’s reminder to traders and bankers about recording their communications while working remotely

Author: Azizur Rahman  29 January 2021

The Financial Conduct Authority is reminding bankers and traders that they must keep meeting their recording obligations while working remotely during the pandemic.

Rahman Ravelli’s Aziz Rahman told Law360 that while the FCA sometimes issues guidance and updates in a puzzling way, this latest reminder indicates that the regulator recognises that more home working has increased the risk of misconduct – and that there are active cases.

He emphasised the difficulties facing employers looking to oversee out-of-office communications; including the near-impossibility of differentiating between an employee's work and private life as well as the risk of violating staff members’ right to privacy.

Aziz explained that companies have to ensure that arrangements are in place and the relevant equipment is available so that employees are not tempted to use their personal devices for activities that should be recorded. Such activities could also carry the risk of sensitive or confidential information being shared.

He warned that activity away from the workplace carries a greater risk of misconduct, which could lead to an FCA investigation.

Aziz's comments featured on Law360.

AzizurRahman C

Azizur Rahman

Senior Partner

aziz.rahman@rahmanravelli.co.uk
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Aziz Rahman is Senior Partner at Rahman Ravelli and its founder. His ability to coordinate national, international and multi-agency defences has led to success in some of the most significant corporate crime cases of this century and top rankings in international legal guides. He is recognised worldwide as one of the most capable legal experts regarding top-level, high-value commercial and financial disputes.

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