25TH AND 26TH JANUARY
The Training Course
The MiFID II: Operational Compliance at The Shard training course is a unique and highly personalised training course that seeks to provide attendees with a blend of new strategic and operational insights into the new MiFID II framework. The sessions are highly tailored to the individual attendees and as there are a limited number of places available the course allows more interactive discussions between the experts and the attendees. The pre-event MiFID II questionnaire allows us to more precisely identify areas of interest and to increase focus on their particular areas.
Delegates will benefit from customised delivery and the following unique training materials only available on this event:
- Four Module PowerPoint Presentations.
- MiFID II Training Manual containing Six Modules.
- MiFID II Training Materials.
- Exclusive S7C Research Unbundling Industry Report.
- Exclusive S7C Approved Reporting Mechanism Industry Report.
- Exclusive S7C Best Execution Industry Report.
- Exclusive S7C MiFID II Pro-Forma Client Order Handling and Best Execution Policy.
SESSION 1: MARKET STRUCTURE, TRADE REPORTING AND TRANSACTION REPORTING
• Aligning EU regulation; Level Playing Field; Organised Trading Facilities (OTFs); Multilateral Trading Facilities (MTFs); Systemic Internalisers (SIs); SME markets.
• Best-execution and execution only reporting; extended scope of reported transactions; flags; Approved Reporting
• Mechanisms (ARMs); third party inducements; data publication; consolidated tape and consolidated tape providers.
SESSION 2: ORGANISATIONAL REQUIREMENTS, CONDUCT OF BUSINESS RULES AND INVESTOR PROTECTION
• Client classification and eligible counterparties; investment suitability and appropriateness.
Product governance; product approval processes; managing bodies; membership selection and suitability requirements; registration and authorisation; market operators; sales targets and remuneration policies.
• Independent advice; conflicts of interest; third party inducements; commissions; third party research.
• Exemptions; compliance function; record keeping; best execution; and execution only.
SESSION 3: TRANSPARENCY, POSITION LIMITS AND POSITION REPORTING, AND THE THIRD COUNTRY FIRM FRAMEWORK
• Increased competition; enhanced supervisor powers; liquid market for equity and equity-like instruments; equity waiver caps; non-equity pre-trade and post-trade transparency.
• Position limits, position reporting and ESMA’s new position management powers.
• Third country financial institutions; EU Commission equivalent assessment; third country trading venues; third country entity trading obligations; Passporting and comparable levels of investor protection.
• Third Country provisions and the ESMA Deemed Equivalence application process.
SESSION 4: MIFIR REPORTING FRAMEWORK
• MiFIR reporting obligations, classification of investment firms, new reportable instruments, extended transaction report fields, Legal Entity Identifiers (LEIs).
• Client identification standards, Algo Flagging, and global data protection issues.
• Comparing key elements of the EU transaction reporting regimes (European Market Infrastructure regulation (EMIR), REMIT, Securities Financing Transactions Regulation (SFTR)).
SESSION 1: MIFID II OPERATIONAL COMPLIANCE
• MiFID II ESMA and FCA Powers, Sanctions, and Remedies.
• MiFID II Thematic Review (Inducements, Conflicts of Interest, Structured Products, and Assessing Suitability).
• Implementing an Effective MiFID II Operational Compliance Framework.
• MiFID II Strategic Analysis and Saving Costs.
SESSION 2: USE OF TECHNOLOGICAL SOFTWARE IN MIFID II COMPLIANCE PROGRAMMES
• The impact of MiFID II on financial institution internal processes.
• MiFID II gap analysis, risk analysis, and process and procedure mapping.
• Consolodating global financial regulatory compliance obligations into one technology-based solution.
• Assessing the use of third party services for MiFID II reporting and compliance.
SESSION 3: THE OPERATIONAL IMPACT OF MIFID II AND STRATEGIC ANALYSIS
• MiFID II strategies for financial services firms (minimising operational losses on Return on Equity (ROE), changing strategic business directions, minimising the MiFID II negative impact on future profitability)
• Conduct Management and Client due diligance and monitoring requirments for direct electronic access (DEA) firms.
• EU market capitalisations stategies (high negative impact on cost-income ratios, Third-Country Firm passporting, SME growth markets).
SESSION 4: USING MACHINE LEARNING SOFTWARE TO IDENTIFY AND ANALYSE MIFID II REQUIREMENTS
• Real time identification of regulatory compliance frameworks and mapping to company obligations.
• Identification of common areas and potential conflicts across a range of regulatory compliance frameworks (e.g. MiFID II, PRIIPs, UCITS V, Basel III, EMIR, GDPR, AIFMD, SFTR).
• Provision of practical step-by-step guidelines to ensure internal firm regulatory compliance dependent on activity, geography, and size.