The Markets in Financial Instruments Directive (MiFID II) / Markets in Financial Instruments Regulation (MiFIR) and delegated acts, or in short the ‘MiFID II/MiFIR package’ have strengthened the EU regime for investor protection, and market transparency and efficiency. The rules have substantially affected the way banks and investment firms provide investment services and perform trading activities. Overall, this legal framework constitutes a cornerstone of EU financial markets’ regulation, which contributes to the strengthening of a single market for investment services and activities. The implications are remarkable both from a practical and a theoretical perspective. This course, taught by experts, practitioners, and scholars, will address the main aspects of MiFID II and MiFIR. The evolving context sees sustainable finance, crowdfunding and FinTech moving front and centre, as well as Brexit and third-country equivalence challenges.
Your progression in the course will require approximately 20 hours to be completed The exact duration for participants depends on previous experience and time devoted to each activity, including optional activities.
After completing the course, you will get:
An extensive review of the legal changes and upcoming review of the MiFID II/MiFIR package, and its interplay with other pieces of EU financial regulation
An analytical overview of the contribution of the MiFID II/MiFIR regime to ensure the efficiency and transparency of financial markets
A good knowledge of relevant policy developments in Data, Crypto Assets and FinTech Regulation, as well as the impact of sustainable finance and Brexit
A critical approach to some issues raised in the regime and how to address them (e.g. agency problems, know your customer, independent investment advice)
A solid assessment of the effectiveness and the consequences of some provisions (product governance and product intervention, transparency rules, market integrity processes)