CySEC and MiFID II Compliance,
Automated from Call to Report.
NovraLab builds NovraComp — a compliance automation platform that ingests recorded client calls, detects MiFID II violations, and produces CySEC-ready audit reports. Built for outsourced compliance consultants and in-house CCOs at regulated investment firms.
Why NovraComp Exists
MiFID II Article 16(7) requires firms to record and actively monitor client communications. CySEC Circular C087 makes clear that storage alone does not constitute compliance. Most firms record calls but never review them — creating regulatory exposure they cannot see.
The Recording Gap
Firms store thousands of hours of client calls per quarter. Under CySEC Circular C168, these recordings must be retained and made available for supervisory review. But retention without analysis is a known compliance gap.
Active Monitoring Obligation
CySEC Circular C087 distinguishes between passive storage and active monitoring. Regulators expect firms to identify violations in real time — not discover them during an audit.
Automated Compliance Review
NovraComp closes this gap. It transcribes calls, runs AI analysis against MiFID II obligations, flags violations mapped to specific regulatory articles, and produces reports structured for CySEC submission.
Ready to close the compliance gap?
NovraComp is available for on-premise deployment. Request a pilot to see a full audit report generated from your own recorded calls.