What To Know About IIROC Text Archiving
As a businessperson, you probably already understand the important role that social media plays when it comes to improving your business operations. In the last decade, social media played an integral role in revolutionizing the business landscape. It has become a very important tool for employee communications. Due to the increased usage of social media in companies, financial regulatory authorities around the world have established various strong regulatory mechanisms to make sure that social media communications with clients and investors are being captured, retained and supervised by financial firms. A good example is the IIROC regulatory notice 11-0349 from the Investment Industry Regulatory Organization of Canada. This notice was implemented in 2011 and it replaced the MR0281 notice from 2004. It is aimed at assisting members to meet the compliance requirements of Rule 29.7. The IIROC text archiving notice notes that whether a text message is business-related, and t...