MIFID II/MIFIR: Evolution and Revolution

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.

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