What past delegates say?
"The course is very hands on with many real life examples. It gave me much better understanding of the new regulatory requirements."
Audit Manager, Wells Fargo
"It was a very intesive day but it certainly helped me understand much better all the reporting requirements. I can certainly recommend it."
Director, Lloyds Bankg Group
"Really great insight into MiFID 2."
Associate, Commonwealth Bank of Australia
"Very in-depth and a lot to take in but I felt like it was a great overview."
Audit Manager, Nationwide Building Society
MIFIR Transaction Reporting
26 Mar 2020 London
Special Christmas Promotion until 18 Dec - £750 + VAT. Regular Price £950 + VAT. 10% discount for 3 people.
Course DescriptionMiFIR Transaction Reporting course is a one day intensive programme delivered by an expert in the regulatory reporting aimed at foundation to practitioner level. The programme is designed in accordance with ESMA guidelines and provides a deep dive review and analysis of the key elements required by the FCA and ESMA. The programme is suitable for anyone involved in reporting, compliance and operations and includes many discussions, practical exercises and case studies. At the end of the course there will be a test performed to help participants consolidate their knowledge. Course certificates will be provided on completion. You may be also interested in one of the following programmes:
Register for any 2 programmes at the same time & save £100 + VAT (in total, not per course). |
What Will You LearnBy the end of this course you will:
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Main Topics Covered During This Training
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Who Should AttendProfessionals from banks and financial institutions involved in:
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26 Mar 2020 London
Special Christmas Promotion until 18 Dec - £750 + VAT. Regular Price £950 + VAT. 10% discount for 3 people.
MiFIR Transaction Reporting - A 1 Day Training Course
9.00 a.m. - Course Start
This course provides a deep-dive review and analysis of key elements required to meet the ESMA’s transaction reporting requirements.
Background to the transaction reporting requirements
- Review of the previous MIFID I regulation, the thought process behind the change, the regulators and the drive for better transaction reporting.
- Review of main changes between MiFID I to MiFIDII/MiFIR looking at areas of market structure, investor protection, conduct of business and transaction reporting
- Scope of changes in areas of buy/sell, decision makers, trading capacities, transmissions, financial instruments, counterparties including a review of exclusions
- Difference between EMIR and MiFID II
Review of Changes in Market Structure
- Review of Exchange Traded vs. OTC
- Review of changes to market structures (RM, MTF, OTF)
- Review to changes to Systematic Internalisers, dark pools and broker crossing networks
- Reporting exemptions (inclusion and exclusion list)
- Review of financial instrument changes within the scope of market structures
Guidelines on Transaction Reporting
- Who is obliged to report, looking at different scenarios and analysis of reporting parties
- Definition of a transaction and exclusions (acquisition, disposal, nominal)
- Definition of execution of a transaction (venue, systematic internalisers, branches, persons, algorithms and other scenarios)
- Reporting exemptions (inclusion and exclusion list)
- A look at general principles, chains, blocks, trading scenarios, transmissions, financial instruments
- Usage of LEI, ISIN
General Principles
- Trading Capacity, impact on ‘buyer’/’seller’ fields and decision makers, investment decisions, execution within the firm
- Chains – impact of deal on own account vs. matched principal vs any other capacity
- Transmission of order – implications for buy-side, implication of Article 4
- Review of identifiers for parties, (individuals, entities, investment firms, firms etc)
- Mechanics for reporting and submission process
Block Trading
- Understanding the importance of block trading identification and a look at some case studies
- Buyer/seller (single vs. joint accounts)
- Decision maker of buyer/seller
- Investment decisions when made within the firm
- Execution scenario (primary responsibility person vs. algorithm)
- Trading venue (within vs. outside union, systematic internaliser)
- Waiver (OTC post-trade vs. commodity derivative indicators)
- Branch scenarios (executions done on behalf of, own account, EEA branches of a non EEA Firm)
- Status of transaction reports, corrections, cancellations
Trading Scenarios
- Overview of security transfers and scenarios
- Handling investment firms and Interposing scenarios
- Dealing with Group Orders – impact of one market vs. several markets
- Review of OTF
- Review of investment firms under discretionary mandate from clients
- Review of Direct Electronic Access
- Review of Contract of Difference and impact of hedging
- Review of external Asset Managers, Fund Managers, Private Banking, Funds, Investment Firms and Firms
Reference Data Standards
- Field by field review and analysis
- Cancellations, New Reports, Rejections, Resubmissions
- Instrument and Underlying Instrument identifiers (ISIN vs. Other, OTC vs. ETD)
- Identification of organisations vs. individuals
- Reporting specific financial instruments:
- Equity or equity like instruments
- Bonds or other forms of securitised debts
- Options
- Contract for difference
- Spreadbet
- Credit Default Swap
- Swaps
- Commodities based derivatives
- Complex trades
Corporate Governance and Organisation Requirements
- Review of technical standards
- Systems and controls
There will be a test performed at the end of the course to check participants' knowledge.
5 p.m. - Course Finish
The Course Director is an experienced leader, investment banking professional and subject matter expert with strong commercial acumen and over 18 years experience overseeing global business intelligence, regulatory programmes and data/predictive analysis science programmes across North America, EMEA, Asia and Emerging Markets for tier 1 Investment and Asset Management banks such as Deutsche Bank (Asset Management & Investment Bank), ABN AMRO Asset Management, UBS (Private Wealth & Investment Bank), Bank of New York Asset Management, JP Morgan Asset Management and HSBC Investment Bank, RBS Investment Bank and Amoo Venture Capital Advisory.
An SME across various regulations such as FATCA, CRS, CDOT, MiFID, MiFID II, MiFIR, BCBS, GDPR, EMIR and Derivatives expert, Simon has over 7 years hands-on experience consulting/advising in, implementing regulations (from back to middle to front office) and training senior banking and finance executives both on the business and IT sides. He has operated in different capacity from Programme Management, Senior Business Analyst to Business Architect working within change management and operating across front office, middle office and bank office with remit extending joint accountability with other team members for M&A governance, consortium management, branding & communications, trading & settlements and transfer agency technologies of £72 Billion Asset under Management. He has also served as a non-executive Director and Business Development Director to Amoo Venture Capital Advisory, advising and reshaping regulatory financial technology for start-ups businesses in need of seed capital of between $500 thousand to $100 million.
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