MIFID II Essentials

 295

Learn the basics of MIFID II

SKU: 81110 Categories: ,
Additional information
Level

Starter and intermediate

Duration

8 hours

Certification

Official Competance Certificate

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Description

Insights in MiFID II

The MiFID II (Markets in Financial Instruments Directive II) Course is designed to provide participants with a comprehensive understanding of the regulatory framework and requirements introduced by MiFID II. This course aims to equip professionals in the financial industry with the knowledge and insights necessary to navigate the complexities of MiFID II compliance and its impact on their organizations.

Insights:

MiFID II Regulatory Framework: The course begins by providing participants with a detailed overview of the MiFID II regulatory framework. Participants will gain insights into the key objectives, scope, and main provisions of MiFID II, including its impact on various market participants such as investment firms, trading venues, and investors.

Investor Protection and Market Transparency: Participants will explore the investor protection measures introduced by MiFID II, including the requirements for client classification, suitability and appropriateness assessments, best execution, and inducements. They will also gain insights into the provisions aimed at increasing market transparency, such as pre- and post-trade transparency requirements and transaction reporting obligations.

Organizational Requirements and Conduct of Business Rules: The course delves into the organizational requirements imposed by MiFID II on investment firms. Participants will gain insights into the governance, risk management, compliance, and record-keeping obligations under MiFID II. They will also explore the conduct of business rules, including conflicts of interest management, product governance, and the provision of investment advice.

Trading and Market Structure: Participants will gain an understanding of the changes in trading and market structure brought about by MiFID II. They will explore the impact of MiFID II on trading venues, systematic internalizers, and the introduction of new trading obligations such as the trading obligation for derivatives. Participants will also gain insights into the impact of MiFID II on algorithmic and high-frequency trading.

Transaction Reporting and Data Requirements: The course provides participants with a comprehensive understanding of the transaction reporting obligations under MiFID II. Participants will gain insights into the data fields to be reported, the reporting timelines, and the requirements for data quality and accuracy. They will also explore the challenges and considerations in implementing robust transaction reporting systems.

MiFID II Enforcement and Compliance: Participants will gain insights into the enforcement mechanisms and compliance requirements under MiFID II. They will explore the roles and responsibilities of regulators, the potential sanctions for non-compliance, and the importance of implementing effective compliance programs and internal controls.

Brexit and MiFID II: The course covers the implications of Brexit on MiFID II and the impact on market participants operating in the European Union (EU) and the United Kingdom (UK). Participants will gain insights into the transitional arrangements, equivalence regimes, and potential challenges arising from the UK's departure from the EU.

Emerging Developments and Future Trends: The course concludes by exploring emerging developments and future trends in the regulatory landscape. Participants will gain insights into ongoing regulatory initiatives, such as MiFID III, and the potential impact on the financial industry. They will also explore the implications of technological advancements, such as distributed ledger technology (DLT) and artificial intelligence (AI), on MiFID II compliance.

Overall, the MiFID II Course provides participants with a comprehensive understanding of the regulatory requirements and implications of MiFID II. By gaining insights into the key provisions and their impact on the financial industry, participants will be well-equipped to navigate MiFID II compliance challenges and contribute to the effective implementation of the directive within their organizations.

Program Highlights

Program Duration: X weeks/months

The MiFID II (Markets in Financial Instruments Directive II) Course is a comprehensive program designed to provide participants with in-depth knowledge and practical skills related to MiFID II compliance. The program aims to equip professionals in the financial industry with a thorough understanding of the regulatory framework, requirements, and implications of MiFID II.

Program Structure:

Module 1: Introduction to MiFID II

  • Overview of the regulatory objectives and scope of MiFID II
  • Key provisions and changes introduced by MiFID II
  • Impact of MiFID II on different market participants

Module 2: Investor Protection and Market Transparency

  • Client classification and suitability requirements
  • Best execution obligations and transaction cost analysis
  • Pre- and post-trade transparency rules
  • Transaction reporting and data requirements

Module 3: Organizational Requirements and Conduct of Business Rules

  • Governance and risk management obligations under MiFID II
  • Conflicts of interest management and inducements rules
  • Product governance requirements
  • Provision of investment advice and independent advice requirements

Module 4: Trading and Market Structure

  • Changes in trading venues and introduction of new trading obligations
  • Systematic internalizers and market-making activities
  • Impact of MiFID II on algorithmic and high-frequency trading
  • Dark pools and organized trading facilities (OTFs)

Module 5: Transaction Reporting and Data Quality

  • Detailed understanding of transaction reporting obligations
  • Data fields and reporting timelines
  • Data quality and accuracy requirements
  • Challenges and considerations in implementing transaction reporting systems

Module 6: MiFID II Enforcement and Compliance

  • Regulatory oversight and enforcement mechanisms
  • Compliance requirements and obligations under MiFID II
  • Importance of effective compliance programs and internal controls
  • Potential sanctions for non-compliance

Module 7: Brexit and MiFID II

  • Implications of Brexit on MiFID II for EU and UK market participants
  • Transitional arrangements and equivalence regimes
  • Challenges and considerations in navigating the post-Brexit landscape

Module 8: Emerging Developments and Future Trends

  • Overview of ongoing regulatory initiatives, such as MiFID III
  • Technological advancements and their impact on MiFID II compliance
  • Future trends and considerations in the evolving regulatory landscape

Upon successful completion of the MiFID II Course, participants will have a comprehensive understanding of the regulatory framework, requirements, and implications of MiFID II. They will be equipped with the knowledge and skills necessary to navigate the complexities of MiFID II compliance and contribute to the effective implementation of the directive within their organizations.

Results

The MiFID II (Markets in Financial Instruments Directive II) Course delivers a range of valuable results for participants, equipping them with the necessary knowledge, skills, and capabilities to navigate the complexities of MiFID II compliance and its impact on their organizations. By the end of the course, participants can expect to achieve the following results:

Comprehensive Understanding: Participants will have developed a comprehensive understanding of the regulatory framework, objectives, and provisions of MiFID II. They will grasp the nuances of MiFID II requirements and their implications for various market participants, enabling them to interpret and apply the directive effectively.

Regulatory Compliance Expertise: Participants will possess a deep understanding of the compliance obligations under MiFID II. They will be equipped with the knowledge and skills necessary to ensure their organizations' compliance with key provisions, including investor protection measures, market transparency requirements, organizational obligations, and transaction reporting.

Risk Mitigation and Governance: Participants will gain insights into the governance, risk management, and compliance requirements imposed by MiFID II. They will be able to identify and address potential risks, implement effective risk management frameworks, and establish robust governance structures within their organizations to ensure regulatory compliance.

Enhanced Client Protection: Participants will acquire the skills and knowledge to effectively protect clients' interests under MiFID II. They will understand the requirements for client classification, suitability assessments, and best execution. Participants will be able to implement robust processes and procedures to ensure the appropriate treatment and protection of clients.

Market Transparency and Reporting: Participants will develop expertise in the area of market transparency and reporting obligations. They will understand the pre- and post-trade transparency requirements, transaction reporting obligations, and data quality standards. Participants will be capable of implementing efficient reporting systems and ensuring compliance with reporting timelines and data accuracy.

Effective Compliance Programs: Participants will learn how to develop and implement effective compliance programs tailored to their organizations' needs. They will understand the importance of establishing internal controls, conducting regular risk assessments, and maintaining compliance documentation. Participants will be able to navigate the complexities of MiFID II enforcement and demonstrate a commitment to regulatory compliance.

Brexit and Post-Brexit Adaptation: Participants will gain insights into the implications of Brexit on MiFID II and the challenges it presents. They will understand the transitional arrangements, equivalence regimes, and considerations for market participants operating in both the European Union (EU) and the United Kingdom (UK). Participants will be well-prepared to adapt to the evolving post-Brexit regulatory landscape.

Industry Relevance and Professional Growth: Participants will stay up to date with the latest developments in the regulatory landscape, including emerging trends and future regulatory initiatives. They will be equipped to navigate the evolving regulatory environment, embrace technological advancements, and contribute to the professional growth of their organizations.

The MiFID II Course provides participants with the necessary knowledge, skills, and insights to effectively navigate MiFID II compliance and its impact on their organizations. By achieving these results, participants are well-prepared to meet regulatory obligations, enhance client protection, and contribute to the overall integrity and transparency of financial markets.

Program