MiFID

Start Date: 12/03/2019

Duration: 1 Day

Location: Ibec, 84/86 Lower Baggot Street, Dublin 2

Full Fees: €650

Network Members Fee: €325

Programme overview

The European Commission’s Markets in Financial Instruments Directive (MiFID) has fundamentally changed the way the capital markets operate across Europe, both in terms of individual participants and in terms of the market infrastructure itself.

This one-day course details the background, scope and purpose of this wide-ranging legislation, and provides an analysis of the main changes to the FSA Rules from 1 November 2007. The course will incorporate a case study showing how the new regime applies in practice.

Learning outcomes

Understand the key changes to the regulatory environment being implemented under MiFID II
Appreciate the updates made to MiFID and changes embedded in MiFIR and MiFID II

Who should attend

The course is suitable for employees of all levels who require a greater understanding of the impact of MiFIR and MiFID II. This could include senior managers and those in front office roles such as fund managers and traders as well as those in second and third line functions such as risk, compliance and internal audit.

Course Content

Market Structure

  • Introduction of organised trading facilities for non-equity product
  • High-frequency trading authorisation requirements and limitations
  • Extension of commodity derivative regulation: authorisation, position limits and reporting
  • Derivative trading requirements: trading obligation and access to central counterparty

Transparency

  • Extension of pre-trade transparency
  • Enhanced post-trade transparency
  • Increased transaction reporting regime: expansion of scope, additional information

Trade and Transaction Reporting

  • Consolidated tape

Organisational Requirements

  • Management bodies
  • Product governance
  • Sales and remuneration
  • Title transfer collateral

Conduct of Business

  • Inducements
  • Appropriateness requirements
  • Best execution information

 

Trainer Profile