Increased consumer detriment can arise when authorised firms default or exit the market. Poor records and ineffective segregation procedures create a slower, costlier and more uncertain outcome for the customer and associated reputational damage to European markets. This risk is increased during a recession or uncertain economic climate.
The Markets in Financial Instruments Directive (MiFID II) Article 16 states that “An investment firm shall, when holding financial instruments belonging to clients, make adequate arrangements so as to safeguard the ownership rights of clients, especially in the event of the investment firm’s insolvency, and to prevent the use of a client’s financial instruments on own account except with the client’s express consent”.
Firms must provide assurance that the firm’s clients are adequately protected and demonstrate compliance through the oversight controls ensuring that they are understood and implemented.
The Markets in Financial Instruments Directive (MiFID II) introduces specific requirements for investment firms to implement to ensure the safeguarding to clients assets, including funds. This one day workshop will provide delegates with an overview of these changes, impact assess what these requirements practically mean for firms and the risks that firms will need to consider while preparing for ‘day 1’ the 3rd January 2018.
Attending this workshop will enable you to:
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 – Safeguarding of Client Assets, including senior management, legal, compliance and those employees at the coalface.
DATE: 15 November
DURATION: 5 Hours
CPD UNITS: 5
TIME: 09:00 – 14:00
FEES: €220 + VAT
You can register by sending the completed registration form above to firstname.lastname@example.org or via fax to 2227 4475. If you need help completing the form, please give us a call at 2227 4470
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 email@example.com.
Vivienne has a BA Jt Hons in Economics and Finance as well as an M.Econ.Sc in European Economics and Public Affairs and has gained professional qualifications in programme management. Additionally, Vivienne has over 17 years’ experience in the financial services sector, encompassing policy, operations, compliance and stakeholder and project management roles in leading industry institutions, including the Financial Services Authority (now the FCA), Royal Bank of Scotland and the BBA. Vivienne helps organisations and individuals develop the strategies and skills needed to address the regulatory, operational developmental and change management challenges they face. She has recently established her own company, Granuaile Limited, offering a fresh and unique approach to personal and organisational development. Additionally, Vivienne is currently studying Community Psychology at Brighton University.