Learning outcomes
Training Description
MIFID II & MIFIR Investor Protection & Best Execution workshop will provide hands-on learning opportunities for attendees to Learn & Review the key changes and impact to Investor Protection & Best Execution under the revised Markets in Financial Instruments Directive and Regulation. The European banking industry has been anxiously awaiting confirmation from the European Commission of the MiFID II implementation deadline. With the original proposal released in October 2011, and finalised in 2014, the intended implementation date was January 2017. In February 2016, this was revised to January 2018, and financial institutions have begun to mobilise an immense industry-wide initiative to identify the key compliance challenges and change ‘hot spots’, in order to plan and resource their own change programmes.
We have organised this training to help delegates to understand, with Financial Institutions now engaged in full-scale implementation planning for MiFID II and MiFIR, key questions and challenges being faced. Much of the finer detail of the rules will be contained in the Technical Standards from ESMA and Delegated Acts from the European Commission, which are still being finalised. The impact to infrastructure and technology is of serious concern to all in-scope firms. Critically, the broader scope of the revised MiFID package will affect a far wider range of firms and products, meaning for some these changes will not be incremental developments, but an entirely new regulatory regime.
The urgent priority for all Financial Institutions, irrespective of size or business model, is to ensure the impact is understood and assessed immediately, with agendas and budgets aligned to compliance by January 2018. This training is designed to enable participants across the Financial Industry, from Compliance, Risk, Operations, Audit, Front, Middle & Back Office, Treasury, Change and IT fields, to come together to understand the contents of these regulations, how their peers are implementing, and what challenges they face.
Special features:
- Best practices
- Regulatory insight
- Case studies
- Templates and Step-by-step guides
Training includes:
- Specific and exceptional educational insights combining modern theories and practical examples
- Workshop using advanced international experience and knowledge of high-level expert
- Special materials and templates for future use by the participants in their work
Some of the key takeaways include:
- Grasp the Overall Structure of MiFID II
- Understand the Investor Protection Components of MiFID II
- Comprehend the Changes to Client Classifications
- Realise the Changes to Suitability and Appropriateness Checks
- Recognise the changes to product Governance
- Distinguish the Changes to Offerings & Inducements
Training Schedule
Day one
08:30 Registration
09:00 MiFID II Overview / Summary
09:30 Investor Protection Overview
10:45 Tea, Coffee, Networking
11:15 Product Governance
12:15 Luncheon & Networking
13:15 Product Governance Challenges
14:00 Conflicts & Inducements
14:30 Tea, Coffee, Networking
15:00 Investor Protection Confirmed Readiness
(Hands On Workshop Session)16:00 Plan on a Page
17:15 Close of the first day
Day two
08:30 Recap and Reflections from Day 1
09:00 Introduction to Best Execution
09:30 Costs of Best Execution
10:00 Tea, Coffee, Networking
10:30 Client Instructions and Orders
11:00 Disclosure of Execution Policy
11:30 Disclosure of Data relating to Execution Quality
12:00 Luncheon & Networking
13:00 Monitoring Obligations and Material Changes
14:00 Market Access Intro
15:00 Tea, Coffee, Networking
15:30 High Frequency Trading and Algorithmic Trading
16:00 Transparency and Transaction Reporting
16:30 Workshop Summary / Key Challenges
Feedback, Discussion, Course Evaluation and Q & A16:45 End of Workshop
Training Program
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Get to know the Expert Trainer
A programme and senior project manager, with over 16 years experience in banking and finance working on complex change and transformation programmes. Having scoped, mobilised and delivered programmes across Treasury and Regulatory requirements spanning MIFIDI/II, Market Abuse (MAD/MAR) EMIR and Volcker.
Currently conducting impact assessments for clients across UK & EU on MIFID II and providing end to end delivery support to ensure clients can meet the January 2018 deadline. Also covering a series of MIFID II workshops across the EU to ensure the technical standards of the new regulation are clearly understood throughout the banking industry.
Who should attend?
Members of the Board | Management Board |Executive Directors | Managing Directors| Directors | Presidents | Executive Vice Presidents | Senior Vice Presidents |First Vice Presidents | Vice Presidents | General Managers | Global, Regional, Group Heads & Leads | Senior Manager & Managers OF:
- Equity
- Fixed Income
- Audit
- Back Office
- Change
- Compliance
- Front Office
- Investments
- Investor Protection
- IT
- Middle Office
- MiFID Implementation
- MiFIR Implementation
- Operations
- Regulations (Financial Regulations)
- Regulatory Reporting
- Treasury
- Heads & Directors REPO
- MiFID Project Managers
- MiFIR Project Managers
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FAQ
The client has the right to cancel his/her registration in the event.
There is a 50% liability on all conference registrations once made, whether the booking was made through our website or via e–mail/ telephone/ fax.
If the client cancels with more than 8 weeks’s advance notice, GLC shall be entitled to an amount equivalent to 50% of the conference fee and 16 EUR administration charge. In case the client has already made his/her payment, this will be deducted from the conference fee GLC has already received and the remainder will be refunded. If no conference fee has been received prior to the cancellation request, GLC will issue an invoice for the cancellation fee (the amount equivalent to 50% of the conference fee and 16 EUR administration charge), which the client must pay immediately upon receipt. No refunds are available for cancellations received with 8 week’s (or less) advance notice or in case the client fails to attend the conference. In these cases, the full amount of the conference fee must be paid.
- Get the timing right.
Many people are afraid to request for training budget, because they can’t seem to find the “perfect time” to do it. Well, there’s no perfect time to ask for it, but there are definitely some moments that are better than others. For instance, if your boss is about to take a two week vacation, he/she might be in a good mood. If he/she just lost a major account, may not be wise at that juncture. - Make a case for yourself
When you ask for budget, you should be prepared with specific details and explanations about what is in it for the company and you’re superior. If you go into a meeting and just say, “I want to get budget for a conference,” it’s likely that your request won’t be taken seriously. If you want to plan ahead, then you should be prepared to explain the following points:
1. Start by stating your accomplishments
2. Show that you’re ready for more responsibility and eager to learn
3. Describe:
a) How this event will increase your productivity?
b) How you will need less supervision
c) How you can bring back the knowledge to the company
4. Follow up