Course Summary:

This full day course provides a practical, hands-on workshop on the Irish Regulations (S.I 60 of 2007) implementing MiFID Regulations, amendments thereto and will focus on the key MiFID requirements and best practice.  We act for many firms obtaining MiFID authorisation and we will share our experiences of the Central Bank's requirements with attendees.

Course Contents: 

Key aspects of the Irish Regulations implementing MiFID focusing on how these affect your business, client contracts/relationships, information technology systems, other systems and controls, compliance/risk/operational functions and outsourcers will be reviewed. The course will cover what you need to do to be MiFID compliant and deal with MiFID inspections by the Central Bank.

“There is no easy way around that other than putting a cold towel over your head and reading it and getting to know what’s in the Directive itself.”  


Con Horan, then Prudential Director at Financial Regulator  (Finance Magazine January 2007)


“The MiFID requires the Boards of Directors of MiFID firms to have appropriate governance and controls in place and to keep compliance under regular review.”

Financial Regulator, Annual Report 2007

 

Benefits:

By attending this course participants will gain critical knowledge on:

  1. the scope of the MiFID Requirements:
    • including all Regulations, laws and other Directives, rules and notices issued locally and at the EU level
    • key differences between implementation in Ireland and other jurisdictions
  2. impact on the business and new business opportunities
    • the positive aspects of MiFID, passporting and business growth potentials
    • achieving economies of scale – using MiFID data for the 3rd EU AML Directive and other internal risk maps
    • reviewing business and amendments to client contracts/terms of business
  3. client/counterparty classifications and terms of business:
    • understanding the new three tier level of classification (retail and professional clients and eligible counterparties)
  4. Irish ‘MiFID’ conduct of business rules and distinguishing between non-MiFID rules (e.g. Consumer Protection Code / UCITS / CRD)
  5. products and services offered to clients (and investors):
    • what to expect and how to identify potential problems within existing and new client relationships
    • understanding how products and services remain suitable and compliant under MiFID
  6. best execution policies and rules - demystifying best execution and venue execution issues
  7. transaction reporting:
    • pre and post trade reporting requirements
  8. implementing appropriate outsourcing arrangements
    • reviewing service level agreements with TPAs and incorporating necessary changes
  9. senior management responsibility across compliance, operations and risk functions
    • collective responsibility for compliance failures
    • personal responsibility for corporate/board failures
  10. other issues/items/papers released by the Department of Finance / Central Bank / ESMA before each training date (if a critical document is issued in between courses, all attendees will receive that material and an explanation of its impact)
  11. ESMA updates, guidance and measures covered
  12. CRD requirements such as the Internal Capital Adequacy Assessment Process and the Pillar 3 public disclosures will be studied.

Who Should Attend:

  • Directors (Executive and Non-Executive)
  • Compliance officers
  • Customer relationship staff and managers
  • Heads of Risk
  • Heads of Internal Audit
  • I.T. personnel
  • Private Practice Solicitors
  • Private Practice Accountants

Cost:

€620 for 1st attendee
€550 for 2nd attendee from same firm attending same day
(All training fees are VAT exempt)

 

Details

Wednesday 22nd November 2017 9.00 am- 5.00 pm  Camden Court Hotel


Alternative Payments:

To pay by bank transfer/cheque please make your booking via bookings@complianceireland.com including the course name, course date, your name and contact details (including email address and telephone number). We will email you with an invoice and course details which includes the details of how to make payments.

Enquiries:

If you wish to enquire about a course before booking, please contact us at email@complianceireland.com

CPD Details:

Institute of Bankers: Formal CPD Hours

QFA: 4 hours
CPD Member: 4 hours
RS CPD Member: 4 hours
LCOI: 4 hours
Chartered Banker: 6 hours
CeB (Certified Banker): 6 hours

Insurance Institute of Ireland CPD Hours

CPD Member: 4 hours
ACII / FCII: 4 hours

What Others Say:

Please click here to read what previous attendees have said about our courses.

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