Transaction reporting for the buy-side: how to get it right

This event is now fully booked, if you would like to be added to the waitlist, please email [email protected]

With the introduction of MiFID II/ MiFIR in January 2018, many buy-side firms were caught by the Transaction Reporting rules for the first time. For many organisations, this is a challenging area of regulation.

Join us for this half-day course (split over 2 afternoon WebEx sessions of 2.30pm - 4.30pm) to help you understand the key implementation challenges associated with the rules, as well as practical guidance on how to report. By participating, you will gain an understanding of the purpose of transaction reporting, the key concepts and scenarios for buy side firms, field analysis and tips on how to build a robust Transaction Reporting Systems and Controls framework.

Who should attend

Compliance, Operations, Internal Audit, Regulatory Reporting Project Managers and Business Analysts who have involvement in MiFIR transaction reporting
Please note this course is only open to staff working at investment manager member firms

Speakers

Simon Appleton

Director, Compliance and Regulatory Consulting, Duff & Phelps

Chris Akuwudike

Senior Associate, Duff & Phelps

Course overview

Background to the transaction reporting requirements

Why regulators need transaction reports
Reasons behind the changes in transaction reporting
Headline changes

Transaction Reporting Basics

Who is obliged to report (covering how different types of AIMA members have been impacted)
Impact on firms outside of the EU
Definition of “execution” of a “transaction”
Reportable instruments
Reporting exemptions

General Principles

Trading Capacity and impact on ‘Buyer’ and ’Seller’ fields
Transmission of order – implications for buy-side firms
Basic trading scenarios – implications for buy-side firms

Reference Data standards

Instrument and Underlying Instrument identifiers
Identification of organisations
Identification of individuals

The 65 fields

Field by field analysis

Systems & Controls over Transaction Reporting

Legal obligation for firms to deliver complete and accurate transaction reports
The key elements of an effective TR control framework
Errors and Omissions and when to notify FCA
Reconciliation, Validation and Monitoring
Common challenges for buy side firms and tips on how to overcome these challenges
How to future proof the accuracy and completeness of your transaction reporting

Prices

Standard members' rate: £395 + VAT

Standard non-members' rate: £525 + 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.