This course is in Greek.
The markets in financial instruments directive (MiFID) is a regulation that increases the transparency across the European Union's financial markets and standardizes the regulatory disclosures required for particular markets. The MiFID implemented new measures, such as pre- and post-trade transparency requirements, and set out the conduct standards for financial firms. The directive has been in force across the European Union (EU) since 2008. MiFID has a defined scope that primarily focuses on over the counter (OTC) transactions.
According to the Commission, existing disclosures to retail investors for PRIIPs are uncoordinated and often do not help retail investors to compare different products, or understand their features. Consequently, retail investors have often made investments without understanding the associated risks and costs and have, on occasion, suffered unforeseen losses. Improving the transparency of PRIIPs offered to retail investors is an important investor protection measure and a precondition for rebuilding the confidence of retail investors in the financial market, in particular in the aftermath of the financial crisis.
The course is address to:
Professionals involved in product design, risk management, compliance and corporate governance should attend. Also, people involved in marketing coming because they will be able to see how their role fits within product governance framework. Executive Directors, Treasury function of CIFs / CFO, Compliance officer, CASS compliance officer (new role under MIFID2), Internal Auditor and External Auditors with CIF engagements. Compliance Managers, Operations, Business Analyst, Project Managers, in Transaction Reporting.
The difference between MiFID 1 & 2
Who is affected and how
Reportable firms, instruments, channels and transactions
How to treat different trading scenarios
Data aggregation and management
Recognize major requirements of MiFID for Investment Firms
Recognize internal and external weighting of factors and data used
Recognize and establish their Target market
MiFIR and how MiFID can help pave the way for better MiFIR Transaction Reporting
Recognize major investor protection issues
Review latest and related ESMA
Demonstrate practical examples and case studies.
Explain a framework to practically manage regulatory change within your organization to for meeting regulatory expectation.
Illustrate an approach to practically manage regulatory implementation within your organisation and the regulatory expectation
Mode of study
Method of instruction
Chrysostomos Kalos is the the Head of Dealing department in a CIF and is serving as an Independent Non-Executive Director and Supervisory Board Member in Investment Firms. He is also a Lecturer / Tutor at UNICAF University where he is teaching Business and Management courses to MBA online students.
Chrysostomos is a BBA and MBA degree holder, a certified HRDA trainer, a certified Mediator from the Ministry of Justice and a holder of Financial Services Legal Framework (Advanced Level) Certification issued by Cyprus Securities and Exchange Commission.
Demetris Hadjiossif is the CEO of Globia Wealth. He is a financial services professional with a legal background and a specialization in the field of Compliance. Demetris holds an LLB and LLM from the University of Aberdeen and is a holder of the Financial Services Legal Framework (Advanced Level) Certification issued by the Cyprus Securities and Exchange Commission. Throughout his career he has been involved with investment firms ranging from AIFMs and portfolio managers to online trading providers.
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