Good Practice in Front Office Controls in a MiFID II Environment

UK MiFID

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Detailed Course Outline

This session will cover examples of good and poor practice pertaining to front office controls - from the generation of an investment idea all the way through to order execution and post execution monitoring. We will summarise applicable MiFID II rules pertaining to font office controls, in addition to second line oversight expectations. We will focus specifically on those areas where MiFID II has increased the standard of care for investment managers.

The session will include workshop based scenario analysis.

The speakers will share their experiences of assisting firms implement MIFID II and from undertaking regulatory investigations in relation to best execution and dealing commissions. This session will cover primary assets classes – equities, fixed income, FX and related derivatives. This session will not cover middle and back office controls or EMIR.

Who should Attend?

Fund managers and their team

Dealers
Compliance professionals with responsibilities over monitoring of front office controls
Members of investment, compliance, conduct and risk committees

Speakers

Mike Booth

Director

Sally Rigg

Regulatory Director, ES Consulting

Phil Spyropoulos

Principal Associate, Eversheds Sutherland

Key learning objectives and course outline

Key learning objectives

At the end of the session participants will be able to:

Describe the key MiFID rules pertaining to order generation through to execution

Identify key areas of regulatory risk within the investment lifecycle
Understand the FCA’s expectations when it comes to practical application of the rules
Identify steps they need to take to ensure compliance with the rules

Course outline

Teaching session

An explanation of the MiFID II regime as it applies to front office controls
A detailed walk-through of our experiences of key stress points to complying with MiFID II
A deep dive into investment research and best execution requirements
An overview of recent enforcement cases and trends, focussing on lessons from recent case law

Workshop session

Scenario Analysis: with the help of the speakers each team will need to read through various scenarios and management information so as to identify the areas of non-compliance and any applicable conduct risks – recommendations for better practice should be made. Teams will need to present their conclusions to the wider group.
Rule Analysis: Interactive screen based session to check knowledge through multiple choice questions where participants will be able to see each other’s responses (anonymously) on screen.

Prices

Standard members' rate: £275 + VAT

Standard non-members' rate: £375 + VAT

Cancellations and refunds

Any cancellation must be made in writing. For any cancellation received 15-30 days prior to the course start date, 50% of the course fee is still payable. No refund is given for a cancellation made 14 days or less prior to the commencement of a course. Transferring from one course to another is treated as a cancellation. You can substitute one delegate for another at no additional cost. In this instance, please give two business days’ notice.

Contact information

Please contact Adam Jacobs-Dean ([email protected]) if you have any booking-related queries.