Best execution is the achievement to provide clients with the best possible outcome for their transactions. Investment Firms need to take all necessary and 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.
“When establishing its execution policy in accordance with Article 27(4) of Directive 2014/65/EU, an investment firm should determine the relative importance of the factors mentioned in Article 27(1) of that Directive, or at least establish the process by which it determines the relative importance of these factors, so that it can deliver the best possible result to its clients.” – Recital 99 – DR 2017/565
The execution process must 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. In April 2018 the first set of reporting was delivered by firms.
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
Elaborating technology to monitor Best Execution
Who Should Attend
The programme is ideal for:
Industry Expert | Andreas Savoullis
Andreas is the Regulatory Analyst of MAP FinTech, the winner of the best RegTech Reporting Solution Award at the Finance Magnates London Summit 2019, which is also included in the top 100 RegTech firms globally for 2020. He worked in the banking sector for several years mainly in the International as well as the Compliance department. In the last 5 years he in working in the financial sector with the last three years specializing in the Regulatory field.
He is a holder of the CySEC advanced Certificate and has several publications in the RegTech Analyst, a leading intelligence platform for the global RegTech industry. He is also a holder of a Bachelor’s Degree in Business Administration as well as an MBA from the University of Nicosia. He was also awarded with the professional Banking Certificate from the American Banking Association.
The training style will include the presentation of all the material using slides and handouts. The trainer will use practical examples to elaborate various concepts and encourage class discussion.
Participants will engage in exchange of ideas and sharing of knowledge on the subject matter. Participants will also be able to ask questions and obtain clarifications from the trainer on all the material covered. Then a practical workshop will be conducted for the participants to understand in practice how you have to monitor Best Execution.
An automated solution will be presented and be explained thoroughly with all the checks necessary to meet regulatory requirements. Participants will practise on how to deliver sufficient monitoring. 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.
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.
€180.00The above fee is subject to 19% VAT
28 in stock
Day 1: October 08, 2021 | 15:00-20:30
Start time: 15:00 EEST
End time: 20:30 EEST
Venue: Live Online
Coordinates: 5 | Duration: 5 hrs
Directions: Andreas Savoullis (view the trainer's bio below)