Training Objectives

By the end of the programme, participants will be able to:

• Refresh knowledge in relation to the steady state of MiFID II and MiFIR regime
• Gain a comprehensive understanding and insights around new regulatory changes introduced / will be introduced by MiFID III / MiFIR 2
• Analyse the practical implications of these requirements and provide guidance concerning compliance with the new requirements
• Upskill confidence and ability to recognise, develop and implement effective arrangements, demonstrating compliance against the today’s evolving regulatory era
• Solve questions in relation to the implementation of MiFID framework as well as be capable of anticipating questions / queries by local regulators
• Share experiences with industry peers and raise issues of most concern to their organisation

Training Outline

MiFID II / MiFIR

• Client Categorisation
• MiFID II suitability, appropriateness and execution-only requirements
• Product Governance Requirements
• Client Reporting Obligations (costs & charges, risk disclosures)
• Best Execution
• RTS28 reporting  / RTS27 Reporting
• Transaction Reporting / Post-trade transparency
• Trading Obligation
• Conflicts of Interest/ Inducements
• Client Handling rules
• Safekeeping of client assets
• Systematic Internaliser
• Record keeping

MiFID III / MiFIR2

• Overview & scope
• Understanding the key changes / updates and developments Vs MiFID II / MIFIR
• • Best Execution Reporting
  • Systematic Internaliser / Designated Publishing Entities
  • Payment Order Flow
  • Shares & Derivatives Trading Obligation
  • MiFIR Transaction Reporting / New instruments in scopeDecoding all newly introduced changes Vs existing MiFID II rules:
  • Data Quality / Consolidate Tape Providers
• Challenges, grey areas and regulators expectations

Who should attend

The programme is ideal for financial service professionals at banking and investment level, as well as financial service providers and/or advisors:

• Managers / Senior Managers
• Compliance Officers / Legal Officers
• Front-line professionals
• Internal Auditors
• Any person who provides investment services
• External auditors, lawyers and consultants

Training Style 

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 the material covered.

Participants will have the opportunity to benchmark experiences with industry peers and raise issues of most concern to their organisation, either confidentially or in open session in a Q&A Session.

CPD Recognition

This programme may be approved for up to 6 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.