European Institute of Management and Finance | MiFIR: An Exploration of Transaction Reporting
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MiFIR: An Exploration of Transaction Reporting

MiFIR: An Exploration of Transaction Reporting

The Markets in Financial Services Regulation and Directive (MiFID II) is part of the wider European Financial Services Action Plan. The main aim of creating a single market for financial services is to establish a stable, competitive and transparent financial services framework across the European Union. The regulatory transaction reporting regime will be standardised across Europe under the Markets in Financial Services Regulation. The primary purpose of transaction reports is to detect and investigate suspected market abuse, insider dealer and market manipulation.

 

Expected Outcomes:

MiFID II is a far -reaching reform across European Financial markets, which will create new requirements for firms and fundamentally altering the structures of certain markets. The Markets in Financial Instruments Regulation (MiFIR) Level 1 text states, under Article 26(1), that investment firms that execute transactions in financial instruments shall report complete and accurate details of such transactions to the Competent Authorities as quickly as possible and no later than the close of the following working day, 23:59:59 UTC to be exact.

 

While the Markets in Financial Services Directive (MiFID) allowed Member States a degree of flexibility in interpreting the transaction reporting requirements into local law, the implementation of the regime under the Markets in Financial Instruments Regulation (MiFIR) will be directly applicable and binding to all Member States.

 

This one day workshop will provide delegates with review and highlight some of the significant challenges for how firms operate post the 3rd January 2018.

 

Attending this workshop will enable you to:

 

  • Explain the importance of transaction reporting to the detection of market abuse
  • Describe the MiFID II regulatory process and timeframes for MiFID II implementation
  • Develop a framework to meet regulator’s expectations, identifying key risks for operational oversight and assurance
  • Have an awareness of what lies beyond MiFID II go ‘live’ 3rd January 2018 for European Markets

Seminar Content:

  • MiFID Transaction Reporting
  • MiFIR Transaction Reporting
  • Operational Oversight & Assurance
  • Regulatory Challenges and Governance

DATE: 18 October

DURATION: 5 Hours

CPD UNITS: 5

LOCATION: Limassol

TIME: 09:00 – 14:30

FEES: €220 + VAT

Who should attend:

This workshop will be of benefit to anyone who is likely to be affected by the changes to be brought in by MiFIR Transaction Reporting, including senior management, legal, compliance and those employees at the coalface.

Registration Form

Download Registration Form

You can register by sending the completed registration form above to info@eimf.eu or via fax to 2227 4475. If you need help completing the form, please give us a call at 2227 4470

In-House Training

If you would like to discuss bringing this or another topic to your organization on an in-house basis please call us at 22274470 or email us at info@eimf.eu.

Instructor: 

Vivienne Bannigan

Vivienne Bannigan is the founder of Granuaile Limited a bespoke coaching and consulting firm. Vivienne has extensive experience in Wholesale Capital Markets in both the public and private banking sector in the UK and global markets. Vivienne advises senior management on regulatory policy changes, facilitating the design and delivery of frameworks to manage regulatory and operational risk. Vivienne started her career in financial regulation working in the Transaction Monitoring Unit (TMU) at the Financial Services Authority. Vivienne has held roles including Operations Compliance Director for Transaction Reporting at RBS Markets and International Banking. Vivienne had responsibility for facilitating the MiFID II consultation response on behalf of members at the British Banker’s Association (BBA) including leading the industry on co-ordinating a response specifically for transaction reporting. Since March 2015, Vivienne has been designing and developing bespoke training programs for firms and has recently published in the Journal of Securities Operations & Custody on Transaction Reporting.  Vivienne is passionate about education and empowering firms and individuals to be able to manage regulatory and operational risk in a practical manner.