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The Training Environment For Financial Services
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.
Gary Pitts is a consultant and trainer with 30 years of extensive expertise across the financial services sector, and his consultancy firm, Tetractys, operates in the UK and Ireland. His approach to consulting stems from the belief that without good and effective governance, meaningful compliance with regulation is impossible. Gary is a well-regarded regulatory trainer in the UK delivering courses for CTP, The Investment and Savings Alliance and for his own client base. His clients include Solvency II insurers, hedge funds, private equity managers, wholesale brokerage, consumer credit and a variety of fintech/blockchain firms.
Gary began his career with one of the original UK regulators, Lautro, then the Personal Investment Authority and has since been Head of Compliance for international hedge funds and boutique investments banks. He has been a director of regulated firms in the UK and South Africa and has been a regulated person in the UK (CF3/10/11 and SMF 16/17) since 2001, a PCF 15 in Ireland, a director of regulated entities in South Africa and a director of Luxembourg and Cayman-domiciled hedge funds, as well as a SEC and NFA registered compliance officer.
Gary holds Masters degrees from Oxford and London Universities, a Masters of Business Administration from the Open University Business School, is a Fellow of the Institute of Leadership, a Fellow of the Chartered Management Institute and an Associate of Chartered Institute of Securities and Investments. He has also completed the Said Business School's Cyber Security for Business Leaders Course and is a provisional Member of the Expert Witness Institute.
| Session | Content |
|---|---|
| Introduction |
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| What types of firm does MIFIDPRU apply to? |
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| Groups |
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| What are the core requirements on firms? |
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| What underpins a credible assessment of "Overall Financial Adequacy"? |
|
| Completing the RegData returns |
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| Wind-down plans |
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| Role of the ICARA |
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| Available Guidance |
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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.
