A digital tutorial from the MiFID certification e-learning suite, designed to support the regular update of general knowledge and competence around MiFID II requirements.
This module is part of our MiFID II blended learning curriculum.
Price:
We deploy our e-learning solution as from 10 individual licences.
- From 10 to 50 participants: 70 EUR
- From 51 to 150 participants: 65 EUR
- From 151 to 300 participants: 60 EUR
- More than 301 participants: 50 EUR
Duration: 1h
Language: English
Objectives
By the end of this course, participants will be able to:
- recognise the impact of the MiFID II regime on financial market participants and structures and par, including organised trading facilities (OTFs), systematic internalisers (SIs), derivative trading obligations, market access, and dark pools and broker crossing networks;
- identify how MiFID II aims to improve both pre- and post-trade transparency;
- recognise the importance of transaction reporting and governance under the MiFID II framework;
- quantify the impact of MiFID II on the various business lines of financial institutions.
Content
Topic 1: market structure
- Organised trading facilities (OTFs)
- Systematic internalisers (SIs)
- Changes to the SI regime
- Derivative trading obligations
- Market access
- Dark pools and broker crossing networks
Topic 2: market transparency
- Pre-trade transparency
- Post-trade transparency
Topic 3: investor protection
- Product governance: definition, target market criteria, regulatory requirements
- Investment advice
- Suitability
- Suitability and sustainability
- Suitability reports
- Appropriateness
- Inducements
- Investment research
- Best execution
- Conduct of business: product coverage
Topic 4: transaction reporting
- Purpose of transaction reporting
- Client identification
- Scope of transaction reporting
- Responsibility for transaction reporting
- Approved reporting mechanisms (ARMs)
Topic 5: Other key requirements
- Commodity derivatives: limits and trading restrictions
- High frequency trading
- High frequency trading: controls
- Internal control and governance
Topic 6: Impact on business lines
- High-level impact
- Buy-side and sell-side impact
- Third-country access
- Third-country access: models
Target audience
Asset managers, client advisors, front-office representatives and other professionals in scope of the CSSF circular 17/665.
Our lead experts
This digital learning has been designed with the support and collaboration of Cécile Liégeois, Partner at PwC Luxembourg.
Cécile has 22 years of professional experience in Luxembourg and developed deep knowledge of Luxembourg banking and investment firms regulations, amongst other topics, internal governance, outsourcing arrangements (BPO/ICT/Cloud) and operational/ICT risk management. She is leading projects of new regulations implementation focusing on business, regulatory and operational impacts. Cécile has experience in the external audit (financial and regulatory audit) of entities of the financial sector, mainly in the banking industry, other professionals of the financial sector (investment firms, support and specialised PFS), management companies and investment funds.
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