ΠΕΡΙΓΡΑΦΗ

This online training program aims to answer the key question: WHAT’S NEXT for financial services and their regulation in the EU?

Having as a starting point the examination of key concepts of the EU Markets in Financial Instruments Directive II, the program will take you through the main features of the Digital Finance Package of the EU: The European crypto-assets regulation (‘MICA Regulation’ which will apply as of 30.12.2024), the Pilot regime for market infrastructures based on distributed ledger technology that applies from 23.03.2023, the Digital Operational Resilience Act (‘DORA’) that that will apply as of 17.1.2025 and the 2017 European Banking Authority Guidelines on information and communication technology.

The program is divided into two distinct parts to ensure a focused and detailed exploration of each topic.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

By the end of this training program, participants will:

• Understand the obligations for identification, prevention, and management of conflicts of interest in providing investment services.
• Familiarize with the requirements of knowledge and competence for investment firms’ staff
• Appreciate the golden, far-reaching principles of conduct of business in the provision of investment services, to act honestly, fairly, professionally and to provide fair, clear - non-misleading information to clients.
• Comprehend the concept and scope of investment advice.
• Understand the focus and priorities of the Securities Regulator, as evident from a recent seminal decision.
• Appreciate the restrictions to the provision of investment services due to imposed sanctions.
• Be introduced to the Digital Finance Strategy for the EU, and the changing landscape of financial services and their regulation.
• Understand the new obligations, financial products and services based on EU legislation.
• Gain practical knowledge through examples, Q&A sessions, examination of decisions, and case studies on the key concepts.

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

This program has been developed by professionals for professionals in the investment services, legal, risk management and audit fields who already have a basic understanding of investment services.

• Legal professionals
• Investment services Professionals certified by CySEC with either the Basic or Advanced Certification
• Internal auditors
• Risk Managers
• Compliance Officers of Investment Firms
• Officers and Directors of investment firms and financial institutions

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

COURSE CONTENT

Part 1: Investment Services: Established avenues – Law and practice.

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Unit 1: Management, Organizational Requirements and conditions of operations of Investment Services Providers

,• Identification, prevention and management of Conflicts of Interest

• Requirements of knowledge and competence for Investment Firms’ staff

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Unit 2: Conduct of Business & Investor Protection in the provision of Investment Services

‍• General Duty to act honestly, fairly and professionally and the General Principle of fair, clear and not misleading provision of information

• Provision of Investment Advice and its implications

• Assessment of Suitability and Appropriateness

• CySEC decision on Itrade Global (CY) Ltd and the priorities of the Regulator

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Unit 3: Recent developments in the regulatory framework for investment services

‍• Restrictive measures/Sanctions and the provision of investment services

• Use of Artificial Intelligence in retail investment services

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Part 2: Digital Finance in the EU: new areas and future challenges

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Unit 1: The future of finance is digital: The Digital Finance Strategy for the EU

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Unit 2: New Obligations, Financial Products & Services based on:

‍i. It’s all about resilience: Digital Operational Resilience Act ((Regulation (EU) 2022/2554).

ii. Demystifying the Distributed Ledger Technology Pilot Regime ((Regulation (EU) 2022/858).

iii. Taming Crypto and unleashing blockchain: Markets in Crypto-Assets Regulation ((Regulation (EU) 2023/1114)).