How has your firm operationalised the MiFID II Knowledge & Competence requirements?

With the advent of the MIFID II Knowledge & Competence requirements in January 2018, it is clear that the FCA will continue to focus on how firms are managing their “people competence risk.” This event is intended to discuss and debate the key expected elements of a K & C Framework within your organisation. It will consider populations that it should apply to, how it might be applied and how going forward firms will be able to align their K & C requirements with the Certification Regime introduced for Solo-Regulated Firms in December 2019.

The half day event is highly interactive and will allow delegates to receive technical and regulatory input which will be followed by syndicate work and debate to consider and embed learning.

Key Learning Objectives

• Confirm your understanding of the Knowledge & Competence requirements for MIFID II firms
• Gain familiarity with the regulatory expectations of managing these requirements
• Be clear on the relevant rule books that direct “people” regulation
• Consider the component parts of Knowledge and Competence and what this means to your firm’s systems & controls
• Be clear on the key areas that you will consider for “evidence” of employee competence and how this will be fed into the wider Knowledge & Competence framework
• Discuss how K & C will interact with the FCA’s Certification Regime requirements

The course is aimed at Investment Management firms and all staff that operate in areas that contribute to employee competence within the organization or provide oversight to it.

The event will be of particular interest to personnel working in or engaged with:

• Compliance
• Operations
• Human Resources and Training
• Organisation and Change Management
• Corporate Governance
• Risk Management

13:00 Registration and Networking lunch

• A sandwich lunch will be provided and an opportunity for you to network with the trainer and other delegates

13:30 Background to the previously introduced MIFID II Regime

• Introductions
• Learning objectives
• Where does the regime come from?
• What was the driver for change?
• How have organisations and individuals been impacted?

14:00 The Requirements

• To whom do they apply?
• What is the scope of the regime?
• Why is it different than what was required previously before?
• What changes have you made in your firms and how has this affected competence

14:30 Managing competence under differing regulatory regimes

• Regulatory Top Trumps
• Which regimes direct people competence
• What elements apply to you and your organisation
• The SM&CR dimension
• How can you manage the requirements of these differing regulatory regimes?
• Consistency of approach
• Record keeping

15:15 Tea/Coffee

15:30 Supervision

• What impact has this had on employee oversight
• What changes have you made to any existing T & C/Competence frameworks
• How do Line Managers/Supervisors manage K & C/T & C/Certification requirements of individual’s

16:00 Competence Assessment Case Studies

16:20 Conclusions/Summary

16:30 End

IA Member £375.00 +VAT
Non-Member £450.00 +VAT

Pay using a credit card online, or if you wish to be invoiced please email your full details to: Training@theia.org

PLEASE NOTE: Full payment for the course must be made prior to the course commencement date.

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. 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.

Lynne Hargreaves has been providing regulatory advisory support to the Financial Services industry for a number of years. Lynne specialises in the interpretation of FCA regulation and the impact on people. This includes the design and development of training & competence frameworks, the Senior Managers and Certification Regime (SM&CR), managing conduct risk, MiFID II and developing culturally aligned pragmatic policies and processes. With a proven track record in operational HR and L&D Lynne recognises the need to ensure solutions are easy to understand and effective.

Lynne has provided consultancy support on T&C scheme design and implementation, diversity and inclusion, the EU Insurance Distribution and Mortgage Credit Directives, Conduct Risk development, HR performance management practices, target operating models and the design of associated training.

Lynne has over 20 years’ experience in Financial Services within a variety of roles in the Retail sector before moving into the world of consulting. The range of senior roles included Sales, T&C, L&D and Operational Leadership. During this time Lynne was responsible for successfully delivering a range of key regulatory initiatives including a strategic Group T&C Programme, SM&CR, S166 remedial actions and the Mortgage Market and Retail Distribution Reviews to name but a few!