ΠΕΡΙΓΡΑΦΗ

A new requirement, which came into effect in August 2022, means that financial market participants, advisers and financial product distributors must now ask their clients about their sustainability preferences as part of the existing MiFID II suitability assessment. 

This course will offer participants a grasp of what is required by the EU and Cyprus framework how it integrates clients’ sustainability preferences into investment advice through Delegated Regulation 2021/1253 including sustainability factors, risks and preferences into certain organisational requirements and it will also provide a practical insight by looking at specific case law.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

By the end of the course, participants should be able to:

• Identify the ESG obligation and SFDR /Taxonomy requirements around sustainability preferences in the suitability assessment
• Distinguish the concepts of sustainability preferences and sustainability factors
• Distinguish the different categories of sustainable financial instruments from MiFID II and SFDR
• Describe how Article 54 MiFID II is changing due to the introduction of sustainability preferences
• Describe the implications for investment advice and asset management
• Apply the new requirements to the inventory of sustainability preferences in client situations
• Be aware of some of the practical issues that have arisen on sustainability reporting
• Know where to look for further guidance

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

• Compliance Teams
• Legal Teams
• Board and senior management
• ESG project team members.
• Risk management team members.
• Private Bankers/ investment advisors, sales & distribution teams, people in charge of investor relations, product management teams

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Training Outline 

Background Theory on MiFID II & Sustainability

• MiFID II essentials and refresher
• The Big Picture: Policy Context of Sustainable Finance
• EU Action Plan – MiFID ESG Suitability Requirements Specified By ESMA
• Cyprus Requirements – CySEC
• Purpose of Sustainability, Environmental Social Governance (ESG) and Sustainable Finance (EU Framework)

 SFDR, the EU Taxonomy and the broader EU regulatory framework

• Sustainable Finance Disclosures (SFRD) – Regulatory Aspects and Requirements
• Article 54 MiFID II
• EU Taxonomy
• Market organisation and product guidance
• Product Snapshot: Green and Social
• Revisions to AIFM and UCITS Directives and MiFID Rules

 ESG & Distribution  

• Sustainability preferences
• Product categorization – PRIIPs
• New Obligations Corporate Sustainability Reporting Directive (CSRD)
• Dos and don’ts in marketing documentation.
• Practical examples give an overview of the key considerations related to the Regulation that participants need to take into account to start or continue their ESG journey

Training Style

This workshop is designed to be participative throughout. The agenda will combine key formal presentations, case studies and syndicate discussion sessions. There will be ample opportunity for participants to benchmark experiences with industry peers and raise issues of most concern to their organisation, either confidentially or in open session.

CPD Recognition

This programme may be approved for up to 5 CPD units in Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.

Professionals requiring CPD units to meet the education requirements for CySEC licence renewal, and/or for maintaining other professional memberships/certifications which accept CPD in Financial Regulation, are advised to consider training subjects in categories that indicate CPD training in Financial Regulation.