Best execution is the obligation when acting on behalf of a client, to take all sufficient steps to obtain the best possible result for the execution of the client orders, having due regard to the wider market in any relevant instrument. The execution process has to be reflected in an execution policy, which must specify the execution venues, and, where derivatives are concerned, must address and distinguish between Exchange Traded products and Over-The-Counter (OTC) products.
Best Execution as part of the Markets in Financial Instruments Directive Recast (MiFID II) aims to strengthen investor protection by making markets more efficient and transparent. The first set of reporting expected to be produced by firms is April 2018.
Training Objectives
Participants will learn how to:
Training Outline
Introduction to Best Execution
The requirements deriving from MiFID II
Best Execution as per CySEC Law 87(i)/2017
Best Execution criteria
The regulatory developments and priorities, impact of RTS 27, RTS 28 and Professional Execution Policy
Circular C343 Thematic review of best execution obligations of Cyprus Investment Firms
Training Style
This workshop is designed to be participative throughout. The agenda will combine key formal presentations, case studies and syndicate 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.
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.
Professionals requiring CPD units to meet the education requirements for CySEC licence renewal, and/or for maintaining other professional memberships/certifications which accept CPD in Financial Regulation, are advised to consider training subjects in categories that indicate CPD training in Financial Regulation.
Who Should Attend
Dealing room, Brokerage Departments, Compliance, Risk Management, Management, and Technical staff. This workshop will be of benefit to anyone who is likely to be affected by the changes to be brought in by MiFIR Reporting, including senior management, legal, compliance and those employees at the coalface.
Who Should Attend
The programme is ideal for:
For 3 registrations from the same entity, a standard 10% discount will apply. For over 4 registrations please contact us.
Wednesday 15/07/2020 - 15:30-21:00
Panagiotis Nikolaou is a professional with many years’ experience in the Financial Services Sector in general and in the world of Investment Firms in particular. He has worked in CIFs in various positions, including that of the General Manager, Risk Manager, Executive Director, as well as on the front line as Head of Dealing and Brokerage Departments. He currently leads AFXAnts with offices in Nicosia, Athens and Durban. Panagiotis is a full member of Chartered Institute of Securities and Investments (MCSI) and the Society of Technical Analysts (MSTA). He holds CySEC’s Advanced Certification, he is an approved Trainer by the HRDA, and was nominated and sponsored by KPMG and Barclays Bank in 2015 to join “Future Leaders” executive seminars.