The term “taping” originates from English and is to be understood in the context of financial supervision as an abbreviation for the English word “tape-recording”, i.e. the recording (e.g. of an audio track or video sequence).
The term “taping” is used in particular in connection with the regulation of Section 83 (3) of the Securities Trading Act (Wertpapierhandelsgesetz WpHG) of securities service companies, which obliges them to record telephone calls and electronic communication when providing services for the acceptance, transmission and execution of client orders.
In its FAQ on the MiFID II conduct of business rules pursuant to §§ 63ff. Wertpapierhandelsgesetz (WpHG – German Securities Trading Act), BaFin further addresses specific questions in connection with the obligation to “tap”.