ΠΕΡΙΓΡΑΦΗ

MiFID II/MiFIR came into effect on 3 January 2018 and aimed to strengthen investors’ protection and improve the functioning of financial markets making them more efficient and resilient as well as to prevent market abuse and increase transparency in EU markets. 

Complying with the MiFIR transaction reporting regime has proven to be an onerous and complicated task for firms. In part, this is because of the sheer volume of regulation and guidance relating to the reporting requirement. Reports are required for all asset classes and comprise of up to 65 reporting fields. 

To meet the requirement of complete and accurate reports mandated by MiFIR, firms have to understand not just the regulation, but also the Regulatory Technical Standards (RTS), Guidelines and the continually evolving Q&A documentation from ESMA. 

By completing this course, professionals will attain the knowledge and confidence to excel in their roles as well as to ensure that their organisations adhere to rigorous compliance standards, foster sound governance practices, stay ahead of regulatory changes and effectively implement the upcoming developments under the upcoming MiFIR Reporting regime.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

Training Objectives 

• Understand the Regulatory framework
• Know who, how, when and what needs to be reported
• Attain a greater and clearer understanding of the key changes introduced by the revamped MiFIR reporting rules
• Acquire an in-depth understanding of the MiFIR transaction reporting requirements and how they impact regulated entities
• Share experiences with industry peers and raise issues of most concern amongst organisations

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

• Compliance Officers
• Regulatory Reporting Managers / Heads / Officers of Investment Firms / Banks
• Internal Auditors
• Financial Consultants

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Training Outline 

Introduction to MiFIR Transaction Reporting

• Overview of MiFIR Transaction Reporting Requirements
• Scope, Definitions, Objectives and Purpose of MiFIR Transaction Reporting

 Refresher of MiFIR Reporting

• Transaction Reporting (T+1) rules & principles
• Reportable Instruments and Transactions / Meaning of TOTV
• Post-Trade Transparency rules & principles
• Understanding Key Fields in MiFIR Transaction Reporting
• Financial Instrument Reference Data System (FIRDS) – Brief Explanation & Navigation
• Errors & Omissions: When & How to Complete
• Implementation challenges and lessons learnt

 Decoding the new MiFIR Transaction Reporting rulings

• Key objectives & Implementation timeframes
• Deep dive analysis of new regulatory changes on Transaction Reporting
• Explore the impact at organisational level – actions required / Regulators’ expectations

Training Style  

The training style will include a presentation of key material using slides and handouts.  The trainer will use practical examples to elaborate various concepts and encourage class discussion. 

Participants will engage in exchange of ideas and sharing of knowledge on the subject matter, as well as be able to ask questions and obtain clarifications from the trainer on the material covered. 

Participants will also have the opportunity to benchmark experiences with industry peers and raise issues of most concern to their organisation, either confidentially or in open session in a Q&A Session.

CPD Recognition 

This programme may be approved for up to 3 CPD units in Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.