Course Outline & Objectives
Markets in Financial Instruments Regulation (MiFIR) Transaction Reporting is a key priority for the European Securities Markets Authority (ESMA) and the National Competent Authorities (NCAs) including the Financial Conduct Authority (FCA).
The primary purpose of MiFIR Transaction Reporting is to support Regulators detect and investigate suspected instances of market abuse (including insider trading and market manipulation). The workshop will cover the fundamentals of MiFIR Transaction reporting from the perspective that the reporting is a key tool used by regulators to monitor for market abuse and its relationship to the Market Abuse Regime (MAR).
The workshop will illustrate the differences between MiFIR Transaction Reporting and other regulatory reporting requirements set out in the overall legislation, including EMIR trade reporting.
The new transaction reporting provisions are covered by the regulation, which means that these are binding and took direct effect in all Member State’s from the 3rd January 2017.
This focused half-day workshop examines the importance of transaction reporting and the main challenges the industry faces in implementing the new reporting requirements.
Specifically, attending this course will enable you to:
- Make sure you are aware of the scope and impact of the new MiFIR Transaction reporting requirements
- Illustrate the fundamental differences between MiFID Transaction Reporting, EMIR Trade Reporting and other Transparency Reporting in MiFID II
- Know what the changes mean for transaction reporting in your firm
- Examine MiFIR regulation requirements including governance framework and controls, reporting data quality assurance and testing guidelines
- Identify the responsibilities of firms when assigning tasks to third party providers
- Highlight the key challenges facing firms and consider how to deal with special scenarios and grey areas.
Who will benefit?
This event will be of value to all of those involved in the day to day operation of transaction reporting in securities dealing firms, as well as those designing or specifying policies, processes and IT systems to support transaction reporting arrangements. This will include people in the following areas:
||Heads of Business
Vivienne Bannigan is a regulatory risk professional with extensive experience in Wholesale Capital Markets in both the public and private banking sector in the UK and global markets. She advises senior management on regulatory policy changes, facilitating the designing of business strategy and frameworks to manage the regulatory and operational risk. Vivienne has extensive experience of CASS and Transaction Reporting, having had a seat on all sides of the table as a regulator, a consultant, a Operations Compliance Director and most recently being the BBA’s lead policy director for members' response to MiFID II. Vivienne is passionate about sharing practical insights through education on how to consider managing regulatory risk. Vivienne has a BA jt Hons in Economics and Finance as well as a M.Econ.Sc in European Economics and Public Affairs. During her career she has gained professional qualifications in programme management.
|Introduction to MiFIR Transaction Reporting
- The ‘What’ and ‘Why’ of Transaction Reporting
- The Importance of MiFIR Transaction Reporting in
maintaining Integrity across the European Union
- An examination of key challenges including governance,
change and the knowledge gap.
|MiFIR Regulatory Change
- Examine the new reporting obligations for fi rms
- Define what a Reportable Product under Article 50
- Field-by-field guidance – what is changing
- How to navigate the ‘grey areas’ including client identifier
- and short-selling flag.
|Firm Planning and implementation Strategy
- The Principles of Change
- Regulatory Expectations meet practical implementation
- for firms
- Establishing an operational control framework for MiFIR
- Transaction Reporting
This course can be delivered in-house at a time and location to suit your business and tailored to suit your people and organisation. We can also create bespoke training when something very specific is needed.Please contact us to discuss your requirements in more detail and at no obligation.