MIFID II AND MARKET ABUSE
22ND - 23RD MARCH 2017
This truly one-of-a-kind event will showcase a range of best-in-class regulatory compliance technology solutions providers. These cutting-edge technology solutions cover a broad range of technologies relating to the revised Markets in Financial Instruments Directive (2014/65/EU) and the Markets in Financial Instruments Regulation (No 600/2014) (MiFID II), as well as the revised Market Abuse Directive (2014/57/EU) and Market Abuse Regulation (596/2014) (MAD 2 MAR). Attendees will be able to view technology solutions presentations throughout the event and can speak directly with technology experts with regards to new technology solutions features and advantages.
On Day 1, attendees will also be able to attend MiFID II regulatory compliance training sessions and on Day 2, attendees will be able to attend MAD 2 MAR regulatory compliance training sessions. The event will provide attendees with advanced strategic insight into MiFID II and MAD 2 MAR operational technologies. It will provide a unique opportunity for attendees to obtain greater insight into MiFID II and MAD 2 MAR technology and software solutions, how to strategically leverage MiFID II and MAD 2 MAR to save costs, and insights into next generation MIFID II and MAD 2 MAR compliance and analysis technologies. The Compliance Technologies event represents a key opportunity for firms to strategically differentiate themselves and capitalise on new and emerging financial markets.
MiFID II: Operational Compliance
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, 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 Firm (TCF) financial institutions; EU Commission equivalent assessment, TCF trading venues, trading obligations and passporting.
SESSION 4: MiFID II Operational Compliance
· MiFID II ESMA and FCA Powers, Sanctions, and Remedies.
· MiFID II Thematic Review (Inducements, Conflicts of Interest, Structured Products, Assessing Suitability).
· Implementing an Effective MiFID II Operational Compliance Framework, MiFID II Strategic Analysis and Saving Costs.
MAD 2 MAR: Operational Compliance
SESSION 1: The MAD 2 (Directive 2014/57/EU) and MAR (Regulation No 596/201 4) Operational Frameworks
· MAD 2 FRAMEWORK: (1) new minimum rules for criminal sanctions and criminal penalties and liability for natural and legal persons; (2) new obligations for trading venues (Multilateral Trading Facilities (MTFs), Organised Trading Facilities (OTFs), Emissions Allowances) and issuers; and (3) application to spot commodity contracts and transactions; and (4) benchmark manipulation.
· MAR FRAMEWORK: (1) New financial instruments covered; (2) obligations and offences (issuer disclosure of inside information; market soundings; transactions by persons discharging managerial responsibilities; suspicious transactions reporting; algorithmic and high-frequency trading); and (3) New whistleblowing obligations, reporting, protections, and financial incentives.
SESSION 2: New Market Abuse Exemptions, Powers, Sanctions, Suspicious Transaction Order Reports
· Exemptions (trading in own shares in a Buy-Back Programme (BBP); Accepted Market Practices (AMP); Market Soundings (MS); Chinese Walls.
· NEW POWERS AND SANCTIONS: (1) Minimum Supervisory and Investigatory Powers (document and data access; interviews; dawn raids, inspections, recordings, data traffic, telecommunications operators, temporary prohibitions); (2) Administrative Sanctions and Measures; (3) Financial Penalties (individuals, companies).
SESSION 3: Identifying Market Abuse, Insider Dealing, and Unlawful Disclosure of Information Behaviour in Practice
· MARKET ABUSE BEHAVIOUR: (1) Insider Dealing Signals and Examples; (2) Market Manipulation Signals and Examples; (3) Unlawful Disclosure of Information Signals and Examples; (4) Cross-Market Manipulation.
· STOR FRAMEWORK: Analysing the STOR template- (1) Identity of entity/person; (2) Transaction/Order; (3) Description of the nature of the suspicion; (4) Identity of Entity/Person suspected; (5) Additional Information; (6) Documentation.
SESSION 4: MAD 2 MAR Operational Compliance
· MAD 2 MAR compliance programmes; pre-trade controls and surveillance (real-time and post-trade); insider lists.
· MAD 2 MAR prevention and detection; systems and processes; reporting capabilities; surveillance appropriateness and proportionality.
· MAD 2 MAR record keeping, STOR storage; investment recommendations; documenting surveillance procedures.
CHIEF EXECUTIVE OFFICERS
CHIEF OPERATIONAL OFFICERS
CHIEF RISK OFFICERS
CHIEF TECHNOLOGY OFFICERS
COLLATERAL MANAGEMENT FUNCTION
COMPLIANCE OFFICERS AND MANAGERS
CORPORATE RISK MANAGERS
CREDIT AND LEGAL PROFESSIONALS DEALERS
HEADS OF COMPLIANCE
HEADS OF OPERATIONS
HEADS OF RISK