Investment Education PLC
http://www.investmenteducation.net/course.php?courseId=jeku98zwkp6mzxxq4jtp

MiFID Briefing
Last Updated - 31 July 2008
Todays Date -
Return to CoursePrint course
Duration  day
Available as an in-house tailored course

Background

The Markets in Financial Instruments Directive (MiFID) is now effective.  MiFID is the successor to the Investment Services Directive.  It substantially revised the Investment Services Directive and has established new European regulatory standards.

 

Implementation has required  major changes to the FSMA and the FSA Handbook.  The course focuses on key aspects of the Directive, the changes to the FSMA and the FSA Handbook and the practical issues and challenges to be managed by compliance executives and senior management.

 

Delegates

  •  Compliance Executives and Senior Management from financial services  companies impacted by MiFID
  • External Auditors and Internal Audit executives (CPD/CPE credit)
  • Lawyers requiring an overview of MiFID (CPD credit)

Content 


-Introduction

 

-Lambussy Process

 

-Timetable

 

-Scope

  • Financial Instruments
  • Investment services and ancillary services
  • Types of firms impacted

-Home/host regulation and passporting rights

 

-Impact on the FSMA

 

-Changes to the FSA handbook for example

  • Client classification
  • Client documentation
  • Suitability  
  • Record keeping
  • Best execution
  • Pre and post trade transparency
  • Conflicts of interest
  • Client Assets
  • Outsourcing
  • Compliance arrangements/independence

-Managing the MiFID project

 

-Training