Understanding MiFID

Course Summary:

This full 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.  We act for many firms obtaining MiFID authorisation and we will share our experiences of the Central Bank's requirements with attendees.

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Details:

Cost:

€620 for 1st attendee €550 for 2nd attendee from same firm attending same day (All training fees are VAT exempt)

13th November 2012 Attendee 1 €620.00 EUR Attendee 2+ €550.00 EUR

Alternative Payments:

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Course Content:

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 Central Bank.

Benefits:

By attending this course participants will gain critical knowledge on:

1. 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
2. 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
3. client/counterparty classifications and terms of business:
   • understanding the new three tier level of classification (retail & professional clients and eligible counterparties)
4. Irish ‘MiFID’ conduct of business rules and distinguishing between non-MiFID rules (e.g. Consumer Protection Code / UCITS / CRD)
5. 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
6. best execution policies and rules - demystifying best execution and venue execution issues
7. transaction reporting:
   • pre and post trade reporting requirements
8. implementing appropriate outsourcing arrangements
   • reviewing service level agreements with TPAs and incorporating necessary changes
9. senior management responsibility across compliance, operations and risk functions
   • collective responsibility for compliance failures
   • personal responsibility for corporate/board failures
10. other issues/items/papers released by the Department of Finance / Central Bank / ESMA 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)
11. ESMA updates, guidance and measures covered.
12. CRD requirements such as the Internal Capital Adequacy Assessment Process and the Pillar 3 public disclosures will be studied.

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