The EIMF Live Online Learning Experience
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Course Overview
The Markets in Financial Instruments Directive II (MIFID II) Recital 52 states that ‘the requirements concerning the protection of client assets are a crucial tool for the protection of clients in the provision of services and activities. Those requirements can be excluded when full ownership of funds and financial instrument is transferred to an investment firm to cover any present or future, actual or contingent or prospective obligations.
The broad possibility may create uncertainty and jeopardise the effectiveness of the requirements concerning the safeguard of client’s assets. Thus, at least when retail client assets are involved, it is appropriate to limit the possibility of investment firms to conclude Title Transfer Financial Collateral arrangements as defined under Directive 2002/ 47/ EC of the European Parliament of the Council (4), to secure or otherwise cover their obligation.’
Increased consumer detriment can arise when authorised firms default or exit the market. Poor records and ineffective segregation procedures create a slower, costlier and more uncertain outcome for the customer and associated reputational damage to the Cyprus Securities and Exchange Commission (CySEC) and European financial markets. During times of economic uncertainty, there is a heightened risk of insolvency.
For 3 registrations from the same entity, a standard 10% discount will apply. For over 4 registrations please contact us.
Wednesday 16/09/2020 - 10:00-12:45
Wednesday 23/09/2020 - 10:00-12:45
Vivienne is a financial services professional with over 20 years’ experience in regulatory and operational risk in the United Kingdom, Europe and internationally. Vivienne has held various roles across several organisations including the Financial Conduct Authority (FCA), Royal Bank of Scotland and UK Finance. Vivienne has worked in wholesale policy covering the Market Abuse Regime, Markets in Financial Instruments Directive (I & II), Securities lending, Client Money , Transaction Reporting and mentoring her colleagues along the way. Vivienne designed and implemented training and communications to support programme delivery, including the Markets in Financial Instruments Directive and Client Money and Assets. Vivienne holds various qualifications including an M. Econ. Sc. in European Economics and Public Affairs. Vivienne is an accredited Dispute Resolution Mediator and is completing an MA in Community Psychology at the University of Brighton. Vivienne is passionate about sailing and supporting individuals to achieve their potential while at the same time, creating an environment that is professional, practical and participative.