Summit Finuas Network in association with the Institute of Banking would like to invite you to a free breakfast briefing;
Date: Wednesday, 8 October 2014
Time: 7.45am – 9.00am (Registration from 7.30am)
Presenter: Joe Beashel. Partner, Matheson
CPD Hours: This event is accredited for 1 CPD hour for QFAs*, CPD members* (see below)
Venue: Auditorium, The Institute of Banking, IFSC, 1 North Wall Quay, Dublin 1
In October 2011, the European Commission tabled proposals to revise the Markets in Financial Instruments Directive (MiFID II) with the aim of making financial markets more efficient, resilient and transparent, and to strengthen the protection of investors. On 14 January 2014, an agreement in principle was reached by the European Parliament and the Council on updated rules for MiFID II.
What does MiFID II reform mean?
The MiFID II reform means that organised trading of financial instruments must shift to multilateral and regulated trading platforms or be subject to transparency requirements where traded over-the-counter (OTC). Strict transparency rules will ensure that dark trading of shares and other equity instruments which undermine efficient and fair price formation will no longer be allowed.
To whom does MiFID II apply?
MiFID II applies to MiFID firms, i.e. those Financial Services businesses undertaking MiFID Business anywhere in the European Economic Area (‘the EEA’). It will affect all participants in the EU’s financial markets, whether they are based in the EU or elsewhere, including providers of asset management and custodial services.
Joe Beashel is a partner in the Financial Institutions Group and is head of the regulatory risk management and compliance team at Matheson. He is a solicitor with almost twenty years’ experience, most of which were gained in the financial services sector. Joe is a member of the Association of Compliance Officers in Ireland and The Institute of Banking.
This event is accredited for 1 CPD hour for QFAs*, CPD members* (including Registered Stockbrokers), LCOIs and Chartered Bankers. *Relevant to categories of retail financial products: 3) Savings & Investments
Please email email@example.com or call 01 605 1546.