European Institute of Management and Finance | MiFID II Implementation Challenges and Investor Protection
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MiFID II Implementation Challenges and Investor Protection

MifidII_implementation

MiFID II Implementation Challenges and Investor Protection

The second Markets in Financial Instruments Directive (MiFID II) is one of the most ambitious regulatory reforms introduced by the European Union (EU) following the 2008 financial crisis. The outcome of that crisis led to a political reaction on how far the EU should go in policing the safety and soundness of the financial system which was translated in this regulation.

 

MiFID II can be broken down into five key themes: market structure, market transparency, trading regime, investor protection, internal controls and governance.

 

MiFID II will create new requirements for firms and fundamentally alter the structures of certain markets. Unlike MiFID I, certain aspects of MiFID II seek maximum harmonise across European markets. Implementing these changes will provide significant challenges for how firms operate.

 

This two day workshop will introduce delegates to a framework which aims to identify safe ports while navigating uncertain regulatory and operational changes.

 

Attending this workshop will enable you to:

 

  • Understand the importance of these regulatory reforms, the key legislative changes and how they inter-relate with the wider regulatory agenda.
  • Explore key issues related to changes in the Investor Protection regime including conflicts of interest, inducements and investment research, best execution & product governance.
  • Identify a model to meet regulator’s expectations, identifying key risks for oversight of regulatory and operational risks.
  • Have an awareness of what lies beyond MiFID II go ‘live’ 3rd January 2018 for European Markets

 

 The new rules of MiFID II as well as of the relevant delegated acts will be in force on 3 January 2018.


 

Topics to be covered

 

  • From the ISD to the MiFID and from the MiFID to the MIFID II and the MiFIR
  • The building blocks of MiFID
  • The reform of MiFID: What remains the same and what changes in a nutshell
  • The new regulatory framework and the role of the ESMA and of the Commission on its shaping
  • Scope of application for financial services, financial instruments, trading venues, and providers of financial services
  • Authorization and operating conditions for investment firms
  • Passporting issues and the provision of investment services and activities by third countries
  • Organizational requirements
  • Corporate governance requirements
  • The provisions on investor protection: categorization of clients, suitability and appropriateness assessment, information to be provided to the client, conflicts of interest
  • The financial services and the specific requirements for their provision
  • The provisions on market transparency and integrity
  • Reporting requirements for equity and non-equity instruments
  • Clearing access for financial instruments
  • Reporting services providers
  • The competent authorities and their powers

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 MiFID II, including senior management, project oversight and those employees responsible for embedding the changes into business as usual including regulatory risk, legal, compliance and operation

Registration Form

Register Here

If you need help completing the online registration form, please give us a call at 2227 4470 or email us at info@eimf.eu 

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: Christina Livada

Dr Christina Livada is a Lecturer of commercial law at the Faculty of Law of the National and Kapodistrian University of Athens. Her main fields of specialization are company law, public and private banking and capital markets law, as well as consumer protection law. She is the author of several books and articles in the abovementioned fields. Christina Livada is working for the last fifteen years at the Hellenic Bank Association as a Special Legal Advisor (currently on a part-time basis), responsible for the regulatory issues pertaining to banking, capital markets and consumer protection law. She is a member of the corporate governance Working Group of the Hellenic Corporate Governance Council for the review of the Greek Corporate Governance Code. She is also member of the Hellenic Association of Banking and Capital Markets Law and responsible for the content of the scientific Review Financial Law.

She obtained her PhD from the Faculty of Law of the National and Kapodistrian University of Athens in 2004. In 1996, she obtained her D.E.A. in International Law (International Private Law and Commercial Law) from the Panthéon-Assas University (Paris II). In 2000 she was awarded a research scholarship from the Swiss Institute of Comparative Law in Lausanne. In 1995 she completed her undergraduate studies at the Faculty of Law of the National and Kapodistrian University of Athens.