| When: | Dublin - Tuesday 17th August, 9.00am to 1.00pm |
| Venue: | Central DUBLIN City Venue |
| Cost: | Cost: €380 (No VAT) |
| CPD allowance: | Formal and Informal CPD: max 4 hours (subject to your professional body's rules). You may be able claim a mix of formal and informal hours for the full 4 hours of tuition (subject to your body's rules)
Institute of Bankers: QFA - 2 formal hours CPD Member (including registered Stockbrokers) - 2 formal hours LCOI - 4 formal hours CeB - 4 formal hours
Insurance Institute of Ireland/PSAB-GI: CIP - 2 formal hours CPD Member - 2 formal hours LCOI - 2 formal hours ACII/FCII: - 2 formal hours (This event can be used as part of your Chartered Insurance Institute (CII) CPD scheme requirement should you consider the content relevant to your development needs.)
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“Excellent .. 10 out of 10”
(Investment Manager - MiFID attendee)
“Very well presented, moved at a good pace also excellent notes and extra material provided”
(Insurance and Investment Manager – MiFID attendee)
“Worth attending, worth time spent, worth recommending!”
(Bank - MiFID attendee)
This half day course provides a practical, hands-on workshop on the Irish Regulations (S.I 60 of 2007) implementing MiFID Regulations, amendments thereto and will focus on the key MiFID requirements and best practice.
The course is delivered by experienced Irish professionals including - (i) an Irish regulatory lawyer, former FSA officer and former head of compliance; (ii) Irish regulatory accountant and former managing director of trustee/custodial services for one of Ireland’s largest funds companies. The course, delivered by practising Irish professionals for Irish senior management examines MiFID issues from an Irish perspective. We act for many firms obtaining MiFID authorisation and we will share our experiences of the Financial Regulator’s requirements with attendees. Peter Oakes and Kevin O’Doherty are non-executive directors of Irish financial firms. We bring this experience to all training courses, covering operational impact of regulatory requirements from director to day-to-day management levels.
“There is no easy way around that other than putting a cold towel over your head and reading it and getting to know what’s in the Directive itself” Con Horan, Prudential Director, Financial Regulator (Finance Magazine January 2007)
“The MiFID requires the Boards of Directors of MiFID firms to have appropriate governance and controls in place and to keep compliance under regular review” Financial Regulator, Annual Report 2007
The Financial Regulator is stepping up the SREP Regulatory Process for MiFID firms in 2010.
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AIMS:
Key aspects of the Irish Regulations implementing MiFID focusing on how these affect your business, client contracts/relationships, information technology systems, other systems and controls, compliance/risk/operational functions and outsourcers will be reviewed. The course will cover what you need to do to be MiFID compliant and deal with MiFID inspections by the Financial Regulator.BENEFITS:
By attending this course participants will gain critical knowledge on:
- the scope of the MiFID Requirements:
- including all Regulations, laws and other Directives, rules and notices issued locally and at the EU level
- key differences between implementation in Ireland and other jurisdictions
- impact on the business and new business opportunities
- the positive aspects of MiFID, passporting and business growth potentials
- achieving economies of scale – using MiFID data for the 3rd EU AML Directive and other internal risk maps
- reviewing business and amendments to client contracts/terms of business
- client/counterparty classifications and terms of business:
- understanding the new three tier level of classification (retail & professional clients and eligible counterparties)
- Irish ‘MiFID’ conduct of business rules and distinguishing between non-MiFID rules (e.g. Consumer Protection Code / UCITS / CRD)
- products and services offered to clients (and investors):
- what to expect and how to identify potential problems within existing and new client relationships.
- understanding how products and services remain suitable and compliant under MiFID
- best execution policies and rules - demystifying best execution and venue execution issues
- transaction reporting:
- pre and post trade reporting requirements
- implementing appropriate outsourcing arrangements
- reviewing service level agreements with TPAs and incorporating necessary changes
- senior management responsibility across compliance, operations and risk functions
- collective responsibility for compliance failures
- personal responsibility for corporate/board failures
- other issues/items/papers released by the Department of Finance / Financial Regulator / CESR before each training date (if a critical document is issued in between courses, all attendees will receive that material and an explanation of its impact)
- CESR updates, guidance and measures covered.
WHO SHOULD ATTEND:
- Directors (Executive & Non-Executive)
- Compliance officers
- Customer relationship staff & managers
- Heads of Risk
- Heads of Internal Audit
- I.T. personnel
- Private Practice Solicitors
- Private Practice Accountants
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Read attendees' testimonials - click here.
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