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Learning outcomes

Training Description

MIFID II & MIFIR Investor Protection & Best Execution workshop will provide hands-on learning opportunities for attendees to Learn & Review the key changes and impact to Investor Protection & Best Execution under the revised Markets in Financial Instruments Directive and Regulation. The European banking industry has been anxiously awaiting confirmation from the European Commission of the MiFID II implementation deadline. With the original proposal released in October 2011, and finalised in 2014, the intended implementation date was January 2017. In February 2016, this was revised to January 2018, and financial institutions have begun to mobilise an immense industry-wide initiative to identify the key compliance challenges and change ‘hot spots’, in order to plan and resource their own change programmes.

We have organised this training to help delegates to understand, with Financial Institutions now engaged in full-scale implementation planning for MiFID II and MiFIR, key questions and challenges being faced. Much of the finer detail of the rules will be contained in the Technical Standards from ESMA and Delegated Acts from the European Commission, which are still being finalised. The impact to infrastructure and technology is of serious concern to all in-scope firms. Critically, the broader scope of the revised MiFID package will affect a far wider range of firms and products, meaning for some these changes will not be incremental developments, but an entirely new regulatory regime.

The urgent priority for all Financial Institutions, irrespective of size or business model, is to ensure the impact is understood and assessed immediately, with agendas and budgets aligned to compliance by January 2018. This training is designed to enable participants across the Financial Industry, from Compliance, Risk, Operations, Audit, Front, Middle & Back Office, Treasury, Change and IT fields, to come together to understand the contents of these regulations, how their peers are implementing, and what challenges they face.

 

Special features:

  • Best practices
  • Regulatory insight
  • Case studies
  • Templates and Step-by-step guides

 

Training includes:

  • Specific and exceptional educational insights combining modern theories and practical examples
  • Workshop using advanced international experience and knowledge of high-level expert
  • Special materials and templates for future use by the participants in their work

 

 Some of the key takeaways include:

  • Grasp the Overall Structure of MiFID II
  • Understand the Investor Protection Components of MiFID II
  • Comprehend the Changes to Client Classifications
  • Realise the Changes to Suitability and Appropriateness Checks
  • Recognise the changes to product Governance
  • Distinguish the Changes to Offerings & Inducements

 

Training Schedule

Day one

  • 08:30 Registration

  • 09:00 MiFID II Overview / Summary

  • 09:30 Investor Protection Overview

  • 10:45 Tea, Coffee, Networking

  • 11:15 Product Governance

  • 12:15 Luncheon & Networking

  • 13:15 Product Governance Challenges

  • 14:00 Conflicts & Inducements

  • 14:30 Tea, Coffee, Networking

  • 15:00 Investor Protection Confirmed Readiness
    (Hands On Workshop Session)

  • 16:00 Plan on a Page

  • 17:15 Close of the first day

Day two

  • 08:30 Recap and Reflections from Day 1

  • 09:00 Introduction to Best Execution

  • 09:30 Costs of Best Execution

  • 10:00 Tea, Coffee, Networking

  • 10:30 Client Instructions and Orders

  • 11:00 Disclosure of Execution Policy

  • 11:30 Disclosure of Data relating to Execution Quality

  • 12:00 Luncheon & Networking

  • 13:00 Monitoring Obligations and Material Changes

  • 14:00 Market Access Intro

  • 15:00 Tea, Coffee, Networking

  • 15:30 High Frequency Trading and Algorithmic Trading

  • 16:00 Transparency and Transaction Reporting

  • 16:30 Workshop Summary / Key Challenges
    Feedback, Discussion, Course Evaluation and Q & A

  • 16:45 End of Workshop

Training Program

Request Training Agenda - MiFID II. MasterClass

Get insight into a similar past event

Get to know the Expert Trainer

Shak Ashraf
Shak AshrafFinancial Markets & Regulatory Consultant and Managing Director | Former Senior Project & Delivery Leader
Forte Markets | Royal Bank of Scotland
United Kingdom

 

A programme and senior project manager, with over 16 years experience in banking and finance working on complex change and transformation programmes. Having scoped, mobilised and delivered programmes across Treasury and Regulatory requirements spanning MIFIDI/II, Market Abuse (MAD/MAR) EMIR and Volcker.

Currently conducting impact assessments for clients across UK & EU on MIFID II and providing end to end delivery support to ensure clients can meet the January 2018 deadline. Also covering a series of MIFID II workshops across the EU to ensure the technical standards of the new regulation are clearly understood throughout the banking industry.

Who should attend?

Members of the Board | Management Board |Executive Directors | Managing Directors| Directors | Presidents | Executive Vice Presidents | Senior Vice Presidents |First Vice Presidents | Vice Presidents | General Managers | Global, Regional, Group Heads & Leads | Senior Manager & Managers OF:

  • Equity
  • Fixed Income
  • Audit
  • Back Office
  • Change
  • Compliance
  • Front Office
  • Investments
  • Investor Protection
  • IT
  • Middle Office
  • MiFID Implementation
  • MiFIR Implementation
  • Operations
  • Regulations (Financial Regulations)
  • Regulatory Reporting
  • Treasury
  • Heads & Directors REPO
  • MiFID Project Managers
  • MiFIR Project Managers

Our events were attended by these companies

Venue

Room reservation

Hotel Location

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FAQ

You can always register without a name using the TBA [To Be Announced] option. Please indicate TBA instead of the delegate name and 2 weeks prior to the event you are able to send the delegate name/s to booking[at]glceurope.com
While we are not happy to see you cancel your registration, we understand that “life happens” and other obligations come up. Our refund schedule is as follows:
The client has the right to cancel his/her registration in the event.
There is a 50% liability on all conference registrations once made, whether the booking was made through our website or via e–mail/ telephone/ fax.
If the client cancels with more than 8 weeks’s advance notice, GLC shall be entitled to an amount equivalent to 50% of the conference fee and 16 EUR administration charge. In case the client has already made his/her payment, this will be deducted from the conference fee GLC has already received and the remainder will be refunded. If no conference fee has been received prior to the cancellation request, GLC will issue an invoice for the cancellation fee (the amount equivalent to 50% of the conference fee and 16 EUR administration charge), which the client must pay immediately upon receipt. No refunds are available for cancellations received with 8 week’s (or less) advance notice or in case the client fails to attend the conference. In these cases, the full amount of the conference fee must be paid.
In general no VAT is applied based on the Hungarian VAT law with the exception of individual payment [when you would like to pay from your own budget and not from the company’s budget] and for Hungarian companies where 27% VAT is applicable which is refundable at the end of the company’s fiscal year.
Our hospitality partners usually have options available for parking places, however it can change from event to event. If you would like to receive more information on parking please e-mail our colleague susanna.juhasz[at]glceurope.com.
We provide a conference documentation pack which includes: conference agenda, notes pages and attendee information. Soft copies of some of the presentation are available on USB-flash-drives for each delegate. You may bring your laptop, tablet or other mobile device so you are able to review the presentations while they are being presented. Free Wi-Fi will be provided and outlets will be available for recharging computers, mobile devices and phones. We highly recommend you to bring along your business cards and a desire to learn from some of the industry’s leading experts.
The dress code is business casual. Feel free to leave the suits and ties at home this time. We do suggest you bring a sweater or dress in layers, as the conference room temperature may fluctuate.
Any of our staff members at the event will be delighted to help you. You can contact us for free via WhatsApp or Viber or any time over the phone or via e-mail or post.
  1. Get the timing right.
    Many people are afraid to request for training budget, because they can’t seem to find the “perfect time” to do it. Well, there’s no perfect time to ask for it, but there are definitely some moments that are better than others. For instance, if your boss is about to take a two week vacation, he/she might be in a good mood. If he/she just lost a major account, may not be wise at that juncture.
  2. Make a case for yourself
    When you ask for budget, you should be prepared with specific details and explanations about what is in it for the company and you’re superior. If you go into a meeting and just say, “I want to get budget for a conference,” it’s likely that your request won’t be taken seriously. If you want to plan ahead, then you should be prepared to explain the following points:
    1. Start by stating your accomplishments
    2. Show that you’re ready for more responsibility and eager to learn
    3. Describe:
    a) How this event will increase your productivity?
    b) How you will need less supervision
    c) How you can bring back the knowledge to the company
    4. Follow up
You might find free to attend events which are usually organized by a solution/service provider within the industry. Unlike at free to attend events, on a paid event you will find more diverse industry knowledge rather than presentations related to services or solutions.
In case you cannot attend for both days, you can always attend for just 1 day of the event. In this case we will send you all presentations of the 2 days. The participation fee is 70% of the original investment. In case you would like to attend the event for just 1 day please contact us on booking[at]glceurope.com
In case you are busy on 1 of the days, you certainly can split the 2 day conference with one of your colleague. All you need to do is send us an e-mail to booking[at]glceurope.com
We understand that not all senior-level professionals might be available on the dates. As the event is an annual event, most of the attendees try to postpone their engagements or send a small group from their teams to benefit from the conference.

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