ESMA Regulatory Reporting

The common European regulatory framework, MiFiD II, was initiated on the 3^rd of January 2018, however, it was introduced to complement the already existing EU regulation of EMIR.  When the EMIR regulation came into effect in 2014, hundreds of financial institutions professionals such as asset managers, brokers, hedge fund managers and CFD brokers, etc, suddenly needed to comply with new derivative reporting rules. Firms falling under the scope of both regulatory standards must fulfil certain regulatory reporting obligations and keep internal records for additional metrics on those reports.

Training Objectives

By the end of this workshop, participants will:

• Recognize the basic principles and components of EMIR
• Recognize the basic principles and components of MiFiR Transaction Reporting
• Construct a value-added Compliance monitoring programme via Best Execution checks
• Update and refresh their knowledge of the regulatory developments and priorities, including the impact of RTS 27, RTS 28 and Professional Execution Policy

Training Outline

The basic principles and components of EMIR

• Introduction to EMIR
• Counterparties under the scope of EMIR
• EMIR components
• EMIR requirements
• Reporting obligations
• Legal Entity Identifier
• Classification of Financial Instruments
• What needs to be reported, how and to whom?
• When do reports have to be made?
• What is the revised EMIR RTS and ITS?

The basic principles and components of MiFiR Transaction Reporting

• Introduction to basics as per Delegated regulation 2017/590
• Introduction to MiFiR report – RTS 22
• Counterparties and transactions under the scope of MiFiR report
• Do I have to report transactions separately under both MiFIR & EMIR?
• Transaction Reporting Obligations
• ISIN
• What needs to be reported, how and to whom?
• When do reports have to be made?

Constructing a value-added Best Execution monitoring programme

• Fairness of price
• Comparison among Execution venues
• Record-keeping
• Symmetry of:
• Orders with slippage
• Slippage during opening and closing a transaction

The regulatory developments and priorities, impact of RTS 27, RTS 28 and Professional Execution Policy

• Explanation of Article 66 of EU Delegated Regulation 2017/565
• Introduction to RTS 27 – quality of execution report
• Learn step by step the requirement of RTS 27
• Introduction to RTS 28
• Learn step by step the requirement of RTS 28
• Slippage based on volume metrics
• Slippage based on monetary value
• Slippage on stop loss and take profit
• Speed of Execution comparisons

Training Style

The programme is designed to deliver knowledge and enhance participants’ skills via short lectures and discussion sessions. There will be ample opportunity for delegates to benchmark experiences with industry peers and raise issues of most concern to their organisation, either confidentially or in open session.

Who Should Attend

The programme is suitable for professionals in the finance and professional services sector and is ideal for:

• Compliance and Front Office professionals
• Senior Management
• Internal Lawyers
• External Lawyers and Financial Consultants