Training Objectives

By the end of the course, participants should be able to:

• Identify the ESG obligation and SFDR /Taxonomy requirements around sustainability preferences in the suitability assessment
• Distinguish the concepts of sustainability preferences and sustainability factors
• Distinguish the different categories of sustainable financial instruments from MiFID II and SFDR
• Describe how Article 54 MiFID II is changing due to the introduction of sustainability preferences
• Describe the implications for investment advice and asset management
• Apply the new requirements to the inventory of sustainability preferences in client situations
• Be aware of some of the practical issues that have arisen on sustainability reporting
• Know where to look for further guidance

Training Outline

Background Theory on MiFID II & Sustainability

• MiFID II essentials and refresher
• The Big Picture: Policy Context of Sustainable Finance
• EU Action Plan – MiFID ESG Suitability Requirements Specified By ESMA
• Cyprus Requirements – CySEC
• Purpose of Sustainability, Environmental Social Governance (ESG) and Sustainable Finance (EU Framework)

SFDR, the EU Taxonomy and the broader EU regulatory framework

• Sustainable Finance Disclosures (SFRD) – Regulatory Aspects and Requirements
• Article 54 MiFID II
• EU Taxonomy
• Market organisation and product guidance
• Product Snapshot: Green and Social
• Revisions to AIFM and UCITS Directives and MiFID Rules

ESG & Distribution  

• Sustainability preferences
• Product categorization – PRIIPs
• New Obligations Corporate Sustainability Reporting Directive (CSRD)
• Dos and don’ts in marketing documentation.
• Practical examples give an overview of the key considerations related to the Regulation that participants need to take into account to start or continue their ESG journey

Who Should Attend

• Compliance Teams
• Legal Teams
• Board and senior management
• ESG project team members.
• Risk management team members.
• Private Bankers/ investment advisors, sales & distribution teams, people in charge of investor relations, product management teams

Training Style 

This training will provide the audience with adequate information, both from a regulatory framework standpoint and a practical standpoint, of requirements regarding sustainability preferences deriving from MiFID II apply to all parties involved in investment advice and asset management, from investment firms to banks that provide investment services. This course is therefore relevant to all professionals who work for these types of parties within Europe. Throughout the training, there will be discussions aimed to ensure that the participants fully understand the material being delivered.

CPD Recognition

This programme may be approved for up to 5 CPD units in Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.

In-house Training

For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.