MiFID II Awareness

MiFID II applies to all parties engaged in investment services and activities, from banks and asset managers to exchanges and trading venues. This awareness e-learning is therefore relevant to all professionals working for European parties active in the trading of financial instruments.

This is an e-learning at HBO (higher vocational education) level. Specific knowledge is not required, but we do assume that you have basic knowledge of financial services.

The themes covered in this training are:

• Conflict of interest and best execution;
• Suitability and appropriateness;
• Client classification;
• Disclosure, cost transparency and client reporting;
• Product development and distribution;
• Provision ban;
• Trading rules and trading platforms;
• Transaction reporting.

Upon completion of this training, you will be able to determine – for each of the topics – how to act or not to act in simple situations.

Short case study

We start each topic with a short case study and end with an example. In the case study, we ask you to list your thoughts on the subject. You can see this case as a kind of baseline measurement. It helps you to get to grips with the subject and to test what you already know about it. In the feedback we give a first direction for the elaboration.

Example

Each topic ends with an assessment of the situation. Again, you will receive feedback indicating what MiFID II says about the topic and giving an assessment of the situation. These situations allow you to test your knowledge and understanding of the material.

Theory

• Introduction
  • Introduction
  • Introduction to MiFID II
• Best execution
  • PFOF
  • Conflicts of Interest
  • Best execution
  • Example
• Suitability and appropriateness
  • What does a questionnaire say?
  • Appropriate management and advice
  • Execution only
  • Summary table
  • Example
• Client classification
  • Who is the client?
  • Classification
  • Example
• Information and transparency
  • As if there is not enough information already
  • MiFID II disclosure
  • Other regulations
  • Example
• Product governance
  • Can you just offer everything you want?
  • Requirements for development and distribution
  • Example
• Provision ban
  • Everything was better before…
  • Commission rules
  • Example
• Exchanges and markets
  • Can you no longer see the wood for the trees?
  • Trading platforms
  • Example
• Transaction Reporting
  • How do we find out about market abuse?
  • Transaction Reporting
  • Example

Test MiFID II Awareness

You will complete this course with a test in the learning environment. To assess whether you are ready to take the test, you can answer the practice questions first. You can also take repetitions in the learning environment.

MiFID II Awareness certificate

After passing the test, you can download your personal certificate from the learning environment.

The MiFID II Awareness course can be completed in our online learning environment, wherever and whenever it suits you. The e-learning course takes an average of two to three hours to complete, depending on your prior knowledge.