You are looking at one of our in-house courses. Many of our in-house programmes are also available as open courses on specific dates. Click here to see our open course calendar.
Course Outline and Objectives
MIFIDPRU has been in place since January 2022, yet still many firms are struggling to get to grips with a number of aspects of the regime, as evidenced by the number of comments the FCA has made about "disappointing" quality reporting, weak wind down plans and the active supervision currently being undertaken.
This course is aimed at Compliance and Finance staff who are involved in the production/submission/rreview of MIFIDPRU returns, the Wind Down Plan and the ICARA/assessment of the Overall Financial Adequacy Requirement (OFAR).
Using case studies and worked examples, the focus will be on enabling delegates to understand how MIFIDPRU applies to their firm and translates into accurate RegData reporting, how to understand and analyse Group scenarios, holding company governance requirements and consolidated reporting. Delegates will also understand how the ICARA supports these and the basics for an effective ICARA.
This session will help participants to:
- Understand the structure of the MIFIDPRU Handbook
- Be able to structure a MIFIDPRU Group analysis, understanding all the relevant elements, including governance requirements at relevant holding company level
- Determine which types of firm MIFIDPRU applies to (including CPMI firms) and the interaction of MIFIDPRU with other capital requirements
- Understand the own funds, liquidity and Overall Financial Adequacy requirements
- Understand the core expectations of the FCA regarding the firm's assessment of Overall Financial Adequacy
- Be able to link these calculations to the various MIFIDPRU returns
- Understand the key elements that make a wind-down credible for its application to the regulatory reporting
- Understand the role of the ICARA in the MIFIDPRU processes
Why choose in-house?
In-house training offers several advantages:
- Tailored content and real-world example: The training can be designed to address your company's specific needs and challenges. The trainer can incorporate case studies and examples relevant to your industry and company, making the learning more relatable and impactful.
- Convenience and cost:
- You can choose the dates and times of the training to fit your team's schedule.
- There is no (or minimal) travel costs.
- It can be more cost-effective per person if you have a larger group of employees that need the training.
- Learning Environment:
- With only your team present, there are fewer distractions and the trainer can focus entirely on your needs.
- It can encourage collaboration and knowledge sharing between colleagues.
- Employees may feel more comfortable asking questions and sharing challenges in a familiar environment with colleagues, especially if the training involves sensitive company information.
- Expertise: Our trainers specialise in the topic and can bring a high level of expertise to your team.
