ΠΕΡΙΓΡΑΦΗ

This programme provides participants with a comprehensive understanding of the prudential requirements, governance obligations, and risk management expectations applicable to EU investment firms under the Investment Firms Regulation (IFR), Investment Firms Directive (IFD), and Cyprus Law 165(I)/2021. Participants will examine the regulatory framework governing investment firms, including firm classification, capital and liquidity requirements, governance standards, ICARA processes, stress testing methodologies, and risk management frameworks.

The programme also explores emerging regulatory developments such as DORA, MiCA, and ESG requirements. Through practical examples and regulatory guidance, participants will gain the knowledge necessary to establish effective risk management practices, ensure regulatory compliance, and strengthen their firm's resilience.

Emphasis is placed on supervisory expectations, capital planning, internal controls, and maintaining sustainable governance arrangements within investment firms.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

By the end of the programme participants will be able to:

• Understand the regulatory framework established by IFR, IFD and Cyprus Law 165(I)/2021.

• Distinguish between the different categories of investment firms and their regulatory obligations.

• Explain the principles and requirements of the ICARA process.

• Identify key prudential requirements relating to capital and liquidity management.

• Develop effective risk management frameworks covering operational, market, AML, cyber and conduct risks.

• Apply stress testing methodologies and capital planning techniques.

• Assess governance and internal control arrangements required by regulatory authorities.

• Understand regulatory reporting and supervisory expectations.

• Evaluate the impact of emerging regulations including DORA, MiCA and ESG requirements.

• Strengthen organisational resilience through effective risk governance and compliance practices

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

This programme is particularly suitable for:

• Risk Managers

• Compliance Officers

• Internal Auditors

• Chief Financial Officers (CFOs)

• Executive Directors

• Non-Executive Directors

• Risk Officers

• Regulatory Reporting Professionals

• Governance and Control Function Staff

• Other Risk Takers of Investment Firms

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Training Outline

Legal & Regulatory Framework

• Introduction to IFR, IFD and Law 165(I)/2021

• EBA Roadmap and Regulatory Developments

• Interaction with MiFID, MiCA, DORA, CRD, BRRD, AIFMD and UCITS

Classification of Investment Firms

• Class 1A, 1B, 2 and 3 Investment Firms

• Classification Criteria and Thresholds

• Regulatory Implications

Prudential Requirements and Capital Framework

• Initial Capital Requirements

• K-Factor Methodology

• Fixed Overhead Requirement (FOR)

• Own Funds Requirements

Governance and Internal Control Requirements

• Role of the Board and Senior Management

• Responsibilities of Risk, Compliance and Finance Functions

• Remuneration Governance

• Internal Policies and Controls

Risk Management and Risk Appetite Framework

• Risk Appetite and Risk Capacity

• Quantitative and Qualitative Indicators

• Operational, Market, AML, Conduct and Cyber Risks

ICARA – Internal Capital Adequacy and Risk Assessment

• Legal and Regulatory Foundations

• Harm Assessment Methodology

• Capital and Liquidity Planning

• Stress Testing Frameworks

• Wind-Down Planning

• Regulatory Submission Requirements (Form 165-03)

Emerging Regulatory Topics

• DORA Requirements

• MiCA Compliance and Notifications

• ESG Risks and Disclosures

• ICT Risk Management and Outsourcing

• Future IFR Developments

*This is an updated version of the previous "IFR & ICARA: Navigating Prudential Requirements, Risk, and Regulatory Change" course.

Training Style

The programme combines expert-led presentations, practical regulatory examples, interactive discussions, case studies, and scenario-based exercises.

Participants will apply concepts through real-life investment firm situations, enhancing their understanding of prudential compliance, risk management, governance frameworks, and supervisory expectations.

CPD Recognition

This programme may be approved for up to 7 CPD units in Risk and Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.