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The FCA rules, guidance and ‘standards’ for Best Execution have been in place since the introduction of MiFID seven years ago. Despite this, the FCA’s thematic review of Best Execution found only a very small proportion of the firms visited actually understood and complied with the totality of the Best Execution requirements, with the majority lacking an understanding of the full scope of the requirements, how to define and monitor Best Execution and what constitutes appropriate governance More worryingly, the regulator has pointed to a disconnect between Front Office and Compliance approaches to Best Execution, with Compliance often being kept away from Best Execution issues, due to a perceived lack of skills and understanding. Some firms have even tried to circumvent the prohibition on payment for order flow by redrafting legal documents to achieve the same effect.
Making use of CASE STUDIES and SYNDICATE EXERCISES, this practical course will help Compliance and Front Office professionals keep up to date with the evolving rules, guidance and standards in this critical area of business and regulatory risk.
Specifically, attending will help you:
This workshop uses a combination of trainer input, knowledge sharing with interactive syndicate work and case studies. Group size is kept to a maximum of 16 to facilitate sharing of experience amongst the delegates.
Topics may include but are not limited to: