MiFID II: refresher (e-learning)
PwC Academy proposes a digital solution, specifically designed to support general knowledge and competence related to MiFID II requirements (as stipulated in the CSSF circular 17/665).
This module is part of our MiFID II blended learning curriculum.
This e-learning embeds content entirely created by PwC experts and delivered through AI-powered visuals.
Price:
We deploy our e-learning solution as from 10 licences.
The price per licence varies on quantity purchased:
- From 10 to 50 licences: EUR 125 each;
- From 51 to 150 licences: EUR 115 each;
- From 151 to 300 licences: EUR 105 each;
- From 301 licences: EUR 90 each.
Duration: +/- 2h
Language: Available in English
Technical requirements:
- A personal computer (recommended), tablet or smartphone
- An up-to-date internet browser (Google Chrome recommended)
- Cookies should be enabled
- JavaScript should be enabled
- A stable internet connection
Should the internet connection be lost during an e-learning session, the browser will need to be restarted when internet is back to resume the e-learning at the last step recorded by the learning management system before the connection went out.
Objectives
By the end of this training, participants will be able to:
- recognise the core principles of the directive
- classify their own clients based on the directive's framework;
- apply the MiFID-regulated client process lifecycle, from prospecting and onboarding new clients, to testing suitability and appropriateness, and to the necessary reporting obligations;
- understand the product governance in place for the definition and assessment of financial products;
- recognise the requirements linked to inducement processes and business introducer activities;
- integrate the sustainability element into their existing client processes;
- capture the latest developments.
Content
Topic 1: MiFID core principles
- MiFID scope
- Internal governance and requirements
Topic 2: Client classification
- Classification fundamentals and the three-level structure
- Levels of client protection
- Opt-up/opt-down mechanisms
Topic 3: Prospecting & Onboarding
- Fundamentsal of the prospecting and onboarding processes
Topic 4: Suitability & Appropriateness
- Suitability & appropriateness framework
- Suitability & appropriateness workflow
Topic 5: Product governance
- Manufacturing vs. distribution requirements
- Manufacturer governance
- Intermediary/distributor governance
- Target market criteria and control
Topic 6: Client reporting obligations
- Client disclosures
- Costs & charges statements
- PRIIPs KID
- Suitability statement
- Ongoing, asset, and portfolio reporting
Topic 7: Inducements & business introducers
- Regulatory framework
- Definition of quality enhancements
Topic 8: Sustainability
- Sustainability preferences
- Sustainability constraints
Topic 9: Other MiFID measures
Topic 10: CSSF annual report
Topic 11: RIS amendments (Retail Investment Strategy)
Target audience
Asset managers, client advisors, front-office representatives and other professionals in scope of the CSSF circular 17/665.
Our lead experts
This course has been designed with the support and collaboration of Cécile Liégeois, Partner and is coordinated by Isabelle Willequet, Senior Manager at PwC Luxembourg.
Cécile Liégeois is a partner specialising in audit and regulatory matters within the Financial Sector industry, with over 25 years of professional experience in Luxembourg. She possesses extensive expertise in Luxembourg banking, payment, and investment firm regulations, including MiFID II, governance, compliance, outsourcing, DORA, SFDR, and PSD2. Cécile leads external audits of banks, financial sector professionals, and management companies, preparing regulatory reports and managing projects on new regulatory implementations with a focus on business, regulatory, and operational impacts. She also supports the establishment of new regulated entities or branches such as banks, MiFID firms, or payment institutions. Her client work includes audits, regulatory impact assessments, compliance assistance, AML reviews, and outsourcing framework evaluations.
Isabelle Willequet is a senior manager with 29 years of professional experience in the Luxembourg banking sector, specialising in banking processes, associated risks, and the implementation of adequate controls. She has extensive expertise as a Project Manager, commercial support, and Business Risk Manager, with a strong background in internationally-oriented banking activities within a Group matrix organisation. Isabelle possesses deep knowledge of the 3 Line of Defense model and has led numerous operational and regulatory projects for major banking institutions. Her expertise includes banking regulations, internal controls, and project management, complemented by delivering MiFID training and providing regulatory assistance and business model advice to banks and investment firms.
