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Decoding of MiFID III/MiFIR 2 Fundamentals & Reporting
Dates
Highlights
Live Online
3 CPD Units | 3 Hours
The EIMF Live Online Learning Experience
Participants will receive access to the recorded sessions of the course.
EIMF subject-matter experts deliver engaging and interactive courses across a broad spectrum of areas, that can be enjoyed in the comfort of your own chosen environment. Read more
Course Overview
MiFID framework reform has been continuously evolving since 2007, introducing a significant number of notable developments – starting from Market in Financial Instruments Directive in 2004, moving to the Directive 2014/65/EU of 2018 (MiFID II), ending in 2024 to MiFID III / MiFIR2, a revamped regulatory era.
Since the adoption of MiFID II/MiFIR framework in January 2018, numerous regulatory developments took place, including but not limited to Level 2 as well as Level III related measures (ESMA Guidelines, ESMA Q&As), providing guidance as well as clarifications in connection to the implementation of specific issues / aspects / grey areas.
Industry professionals, compliance and legal experts, advisors as well as regulators do apply all these regulatory requirements in their day-to-day business.
Six years down the road, in March 2024, the new MiFID III / MiFIR2 regulatory era was introduced. The aim of the new regulatory regime is to exert a higher degree of transparency and the availability of market data, achieve a more uniform level-playing field between execution venues, update the EU share and derivative trading obligations, prohibit payments in relation to clients’ order flow towards execution venues, ensuring in such a way that EU markets in financial instruments infrastructure remains internationally competitive.
The aim of this course is to provide a comprehensive overview and understanding of MIFID II/ MiFIR topics, up-to-date knowledge enabling the development of effective internal controls and alignment with regulatory standards. Also, this course delves into the new regulatory era of MiFID III / MiFIR2 and examines the key developments/updates introduced, aiming at providing a comprehensive understanding concerning their applicability.
Training Objectives
By the end of the programme, participants will be able to:
Refresh knowledge in relation to the steady state of MiFID II and MiFIR regime
Gain a comprehensive understanding and insights around new regulatory changes introduced / will be introduced by MiFID III / MiFIR 2
Analyse the practical implications of these requirements and provide guidance concerning compliance with the new requirements
Upskill confidence and ability to recognise, develop and implement effective arrangements, demonstrating compliance against the today’s evolving regulatory era
Solve questions in relation to the implementation of MiFID framework as well as be capable of anticipating questions / queries by local regulators
Share experiences with industry peers and raise issues of most concern to their organisation
Training Outline
MiFID III / MiFIR2
Overview & scope
Understanding the key changes / updates and developments Vs MiFID II / MIFIR
Best Execution Reporting
Systematic Internaliser / Designated Publishing Entities
Payment Order Flow
Shares & Derivatives Trading Obligation
MiFIR Transaction Reporting / New instruments in scopeDecoding all newly introduced changes Vs existing MiFID II rules:
Data Quality / Consolidate Tape Providers
Challenges, grey areas and regulators expectations
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
Who Should Attend
The programme is ideal for financial service professionals at banking and investment level, as well as financial service providers and/or advisors:
Managers / Senior Managers
Compliance Officers / Legal Officers
Front-line professionals
Internal Auditors
Any person who provides investment services
External auditors, lawyers and consultants
Training Style
The training style will include the presentation of all the 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. Participants will also be able to ask questions and obtain clarifications from the trainer on the material covered.
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.
In-house Training
For groups within the same organisation, this course may be customised to meet any specific needs and delivered in-house.
Facilitators
Antonis Hadjikostas
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Antonis is a passionate and highly experienced professional, who brings over 15 years of practical experience in the areas of banking, investment, and insurance services industry, particularly in regulatory compliance. His expertise includes among others, Credit Granting and Arrears Management frameworks, Payment Systems, MiFID II, IDD, FATCA/CRS, DAC6, Solvency II, and ESG. Antonis commenced his career at HSBC Greece in 2007 before transitioning to PwC Cyprus in 2010. During his time at PwC, he became a qualified Chartered Accountant of the ICAEW and successfully managed a significant portfolio of clients in the financial and insurance sectors, both locally and internationally. Since 2019, Antonis has been leading the Regulatory Compliance team at a systemic financial institution in Cyprus, servicing also as an Interim Chief Compliance Officer for a short period of time. As a trainer, Antonis specialises in designing training programs to meet individual learning styles while fostering a supportive and inclusive learning environment. His wider experience across regulatory compliance, interaction with regulators and industry experts, as well as his ability to adapt training methods to diverse audiences, set Antonis apart in the field. As of April 2024, Antonis is a Founding Member and assumes role of Vice-Chairperson at the Cyprus Compliance Association (CCA) Board of Directors. Antonis holds a BSc and an MSc from Aristotle University of Thessaloniki in Mathematics, Statistics, and Operational Research. He is a fellow member of the Institute of Chartered Accountants in England and Wales (ICAEW), a member of ICPAC (Institute of Certified Public Accountants of Cyprus), a member of the Mediators on Commercial Disputes under the Ministry of Justice, as well as professional member (MiCA) of the International Compliance Association (ICA).
Frequently Asked Questions
When will I receive my invoice?
The invoice is issued on the day the course starts.
What payment methods are accepted?
Payments can be made by bank transfer, cheque, or credit card.
When will my certificate be issued?
Certificates are issued within 7–10 days after the course has been completed, provided that the invoice has been paid.
How can I access my certificate?
Once your certificate has been issued, you will receive an automated email from Cademy notifying you that it is available.
Click the Get Your Certificate button in the email to download your certificate.
You can also access it from your Cademy account:
- Log in to your Cademy account from https://cademy.io
- Click on My Account from the top-right corner.
- From the drop-down menu select My Courses and Bookings.
- Choose the relevant course.
- Under Participants, click the three dots located next to your name.
- Select Get Certificate.
Where can I access the course material?
To access the course materials, such as presentations and recordings:
- Log in to your Cademy account from https://cademy.io
- Click on My Account from the top-right corner.
- From the drop-down menu select My Courses and Bookings.
- Choose the relevant course.
- Under Extra Details, you will find all the available course materials.