The common European regulatory framework, MiFiD II, was initiated on the 3rd 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
ESMA Regulatory Reporting
For 3 registrations from the same entity, a standard 10% discount will apply. For over 4 registrations please contact us.
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