logo-eui RSCAS

MiFID II/MiFIR: Evolution and Revolution

Registrations open in January 2019

 
  • General description

    The MiFID II/MiFIR package has strengthened the EU regime for investor protection, and market transparency and efficiency. The new rules have substantially affected the way banks and investment firms provide investment services and perform trading activities. The implications are remarkable both from a practical and a theoretical perspective. This course, taught by experts from practice and academia, will address the main aspects of MiFID II and MiFIR, also in the light of their initial impact.

  • Topics covered

    • Overview of MiFID II and MIFIR: services, activities, instruments, players, markets.
    • Relationship with CMU & Brexit
    • Scope and exemptions
    • Governance of investment firms
    • Duties of information
    • Suitability and appropriateness test
    • Best execution & client order handling
    • Conflicts of interest and self-placement (including structural measures and remuneration)
    • The new regime for inducements and independent financial advice
    • Product governance & product intervention
    • Regulated markets, MTFs, OTFS and systematic internalisers
    • SME Growth Markets
    • Pre- and post-trade transparency regimes
    • Monitoring and compliance duties for regulated markets, MTFs, OTFs
    • Algorithmic and high-frequency trading
    • Relationship with MAR
    • Public enforcement
    • Private enforcement
    • Regime for Third-Country Firms: MiFID II/MiFIR and Brexit
    • Ensuring equivalent treatment of equivalent financial services: MiFID II and the IDD

  • What you will learn

    After having completed the course, you will have an in-depth practical and theoretical knowledge of the main aspects of the new MiFID II/MiFIR framework.

  • How the course will work

    Total course length: 12 hours.

    The course will consist of face-to-face lessons and practical sessions.

    A certificate of attendance will be provided to all participants after the course.

  • Meet the instructors

    Danny Busch is Full Professor of Financial Law and Director of the Institute for Financial Law (IFL), University of Nijmegen, the Netherlands. Prior to that, he worked as an attorney-at-law for De Brauw Blackstone Westbroek in Amsterdam, a Dutch international law firm. He has published many articles and books on financial markets regulation, including Busch & Ferrarini (eds), Regulation of the EU Financial Markets: MiFID II & MiFIR, Oxford University Press 2017. He is extensively engaged in the provision of training to attorneys-at-law, financial regulators and financial professionals.

    Matteo Gargantini works at Consob, the Italian Securities and Exchange Commission. Prior to that, he was Senior Research Fellow at the Max Planck Institute Luxembourg for Procedural Law. He also worked in the Capital Markets and Listed Companies Unit of Assonime, the Association of the Italian joint-stock companies. He holds the Italian National Academic Qualification as Associate Professor (Law and Economics and Financial Markets Law). He teaches Financial Market Law and Regulation at Luiss Guido Carli University in Rome.

    Pedro Pinto is Director for Advocacy at AFME’s Brussels Office. Pedro has extensive experience working in the financial services industry. Prior to his current position he worked at NYSE Euronext Lisbon where he headed the Legal and Regulatory department for 6 years. Mr. Pinto held these responsibilities in conjunction with his position as Chief Compliance Officer. From 2002 to 2005, he was a Senior Legal and Regulatory Counsel at Euronext and Euronext Lisbon Corporate Secretary. Pedro started his career as a Lawyer in a Portuguese law firm alongside tenure as a lecturer in economics at the Law School of the University of Lisbon. Mr. Pinto is a lawyer by training with a degree in law and post graduate studies in Securities Law from the Law School of the University of Lisbon and executive management studies at the INSEAD and at the Vlerick Leuven Gent Management School.

    Diego Valiante is a senior officer and team leader at the European Commission (DG Financial Stability, Financial Services and Capital Markets Union, FISMA). Between 2009 and 2016, he was Head of Financial Markets and Institutions at the Centre for European Policy Studies (CEPS), among the top 5 European think tanks, and Head of Research of the European Capital Markets Institute (ECMI). He was also Member of the Group of Economic Advisers (GEA) to the European Securities and Markets Authority (ESMA) between 2014 and 2016. Before joining the European Commission, Diego advised several international organisations and institutional investors, including the European Parliament, European Commission and ECB. He is author of numerous publications in the fields of financial markets economics and regulation, banking, central banking and economic policies. He holds a Ph.D. in Law and Economics from LUISS University, a Joint LL.M. in Law and Economics from Erasmus University Rotterdam and Bologna University, a M.Sc. in Economic Analysis of Law and a B.Sc. in Business Economics from LUISS University Rome.

  • Prerequisites

    BA/MA degree in Law, Economics, Management, Political Science or equivalent degree or experience. A basic knowledge of financial markets regulation is required to follow this course.

  • Fees

    1750€ – Public Authorities (e.g. National Competent Authorities, Central Banks) and European Institutions

    1900€ – Private Sector

    1000€ – Academics (Assistant, Associate or Full Professors)

    850€ – Students (with certificate of studies)

    The course fee covers coffee and lunch breaks. Travel and hotel costs are not included.


    GROUP DEALS

    • In case of registration of 3 participants from the same organisation, the course fee is waived for one of them.
      To benefit from the deal, the names of the 3 participants have to be communicated to fbf@eui.eu before registering. We cannot communicate the names of other registered people from the same institution (it is upon your responsibility to get in touch with your HR division). A single debit note will be issued for the 3 participants followed by one payment.
    • Special deals apply for larger groups.

    CANCELLATION POLICY

    • In case a course is cancelled, registered participants will receive the full refund.
    • In case a course is moved to another date, registered participants may request a voucher to attend another FBF course.
    • Registered participants who cancel their participation will receive a voucher to attend another FBF course.

    For more details, please contact fbf@eui.eu
  • Practical information

    Accommodation 

    Recommended hotels:
    Hotel Villa La Stella (20 min walking distance from EUI )
    Hotel Cellai
    Hotel Palazzo Ricasoli
    Hotel de la Pace
    Hotel Athenaeum

    Wi-Fi

    On arrival, participants will be provided with temporary wi-fi access for the whole duration of the course.

    Privacy Notice

    The personal information you have provided will be processed in compliance with the EUI Privacy Statement for conferences.
    For general queries: fbf@eui.eu