The Regulatory Challenges of MiFIR Transaction Reporting

The EIMF Live Online Learning Experience

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Course Overview

MiFIR Transaction Reporting for European Regulatory Authorities is critical as a measure of European market integrity. A transaction report is a crucial part of any investigation into alleged market abuse. The UK Financial Conduct Authority (FCA) has taken enforcement action against firms for their failure to ensure accurate submission of reportable instruments under the reporting regime. In the UK, the FCA have issued enforcement fines, private warnings, notifications and communications on transaction reporting to the industry.

Moreover, European NCA’s are making more decisive action towards firms’ in their jurisdictions. It is essential that the revised transaction reporting system works and provides regulators with a supervision and enforcement tool to ensure that the European Market remains a global leader in financial services.

Training Outline

During this webinar, we will examine the NCA’s approach to the regulation of transaction reporting and lessons learnt, including:

• Examine the MiFIR Regulatory Requirements including governance framework and controls, reporting data quality, assurance and testing guidelines;
• Summarise the business process operational risks and identify controls and structures to mitigate the risks;
• Explore areas of failure to submit accurate transaction reports, which firms need to consider in their regulatory assurance programs; and
• Identify key oversight risks and the implication of the introduction of the Accountability Regime.

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 organization, either confidentially or in open session.

CPD Recognition

This programme may be approved for up to 1.5 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

This workshop will be of benefit to anyone who is likely to be affected by the changes to be brought in by MiFIR Transaction Reporting, including senior management, legal, compliance and frontline employees, as well as those conducting assurance reviews from the 2^nd or 3^rd lines of defence.