Understanding the Breadth and Depth of MiFID II Transaction Reporting

IA Member £645.00 +VAT
Non-Member £795.00 +VAT

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• Any cancellation must be made in writing.
• For all 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.
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Hybrid Training Courses:

Hybrid deliveries of our training allows participants on our courses the option to attend in-person here from our offices at Camomile Court, or you can attend virtually via MS Teams.

Please be advised a training course could change from hybrid delivery to solely virtual delivery. In such an event, we will inform delegates at least one week prior to the course delivery date.

There are a limited number of in-person spaces available on this course and this will be allocated on a first come first served basis.

The Financial Conduct Authority (FCA) relies upon regulated firms to submit complete and accurate Transaction Reports to assist with the detection, prevention and deterrence of market abuse.

The span and insight provided by MiFID II Transaction Reporting data, far exceeds its individual fields and its breadth and depth is often underestimated by regulated firms when meeting T+1 Transaction Reporting obligations. Under MiFID II, firms are also required to promptly notify the regulator if failures in meeting transaction reporting completeness and / or accuracy requirements occur (related to UK MiFIR RTS 22 Article 15 obligations). The FCA outlines that this should be done through completion of the Transaction Reporting Errors and Omissions Notification, which is a detailed assessment covering the specific issue and the firm’s overall approach to Transaction Reporting, including root cause, remedial actions, responsibility and accountability, audit and quality assurance and overall governance. This is underpinned by regulated firms’ obligation to comply with Principle 11 ‘Relations with Regulators’ of the FCA’s Principles for Businesses.

This session aims to assist firms in understanding the breadth and depth of MiFID II Transaction Reporting, including field content, data flow and usage, penalties and internal / external considerations; as well as considerations when completing the Errors & Omissions Notification, including regulator reliance on information provided; and Delegates will participate in an interactive afternoon session to apply the theory to practice.

This training will close with a MiFID II Transaction Reporting discussion under Chatham House Rule.

Key learning objectives:

• MiFID II Transaction Reporting requirements – scope, fields, content, flow, usage, penalties and internal / external considerations.
• Criticality of complete and accurate Transaction Reporting data and UK MiFIR RTS 22 Article15 obligations.
• Understanding the Errors and Omissions Notification in regulatory context.
• Comprehending the individual sections of the Errors and Omissions Notification.
• Considerations for completing the Errors and Omissions Notification and its governance.
• Reviewing and challenging Errors and Omissions Notification completion assumptions.
• Considerations for the Ongoing Completion of Multiple Errors & Omission Notifications over an elapsed period.
• MiFID II Transaction Reporting discussion under Chatham House Rule.

09:30

▪ Introduction
▪ Overview of the key learning objectives

09:45

▪ MiFID II Transaction Reporting requirements scope
▪ MiFID II Transaction Reporting fields and grouping
▪ MiFID II Transaction Reporting content

11:15 Tea / Coffee Break

▪ Criticality of complete and accurate transaction reporting data
▪ Understanding UK MiFIR RTS 22 Article 15 obligations
▪ MiFID II Transaction Reporting data usage
▪ MiFID II Transaction Reporting penalties levied and associated considerations
▪ MiFID II Transaction Reporting internal and external considerations
▪ Morning closing Comments

12:30 – Morning Close and Networking Lunch

13:45

▪ The Errors and Omissions Notification in regulatory context
▪ Notification overall completion considerations
▪ Review and challenge Notification completion assumptions
▪ Assessing Notification completion governance and controls
▪ Considerations for the ongoing completion of multiple Notifications over an elapsed
period

15:00 - Tea/Coffee Break

15:15

▪ Afternoon Interactive Group Workshop
▪ Considerations for completing each section of the Notification
▪ Scenario Case Study

16:00

▪ MiFID II Transaction Reporting discussion under Chatham House Rule

16:30 - Close

Sarah Peaston

Sarah Peaston has enjoyed a Financial Services career spanning over 25 years in US, UK and European investment banking organisations (Goldman Sachs, Citi, Barclays, Societe Generale).

Sarah has devoted circa 15 years of her career to Regulatory Control; Project and Programme managing and leading Change Management and Quality Assurance teams, covering multi-jurisdiction Regulatory and Authority Reporting, Client Money and Assets and overall Regulatory Governance and Control. Sarah has defined and executed regulatory strategy and governance framework to support multiple business types, along the investment chain.

Sarah is an industry and regulatory expert and has been active as a leading participant in industry association groups, partnering with peers and regulators to review, shape, influence and advocate regulation. Sarah has appeared as speaker and panellist at various industry events and is also an appointed Independent Non-Executive Director (INED and NED) within a fund house operating Authorised Fund Manager, host ACD and fund administration services. Sarah is a winner of the Compliance Register Platinum Special Award for Transaction Reporting

Transaction Reporting owners, Regulatory Reporting process owners, Senior Managers, Compliance Officers, Compliance Managers, Regulatory Change Managers, Regulatory Quality Assurance Managers, Governance and Control Oversight Managers.