Course description
Best Execution (Live Online) - In House Training
The FCA rules, guidance and ‘standards’ for Best Execution have been in place since the MiFID era and updated in 2018 with MiFID II. Despite this, the FCA’s thematic reviews of Best Execution found only a very small proportion of the firms understood and complied with the totality of the Best Execution requirements and few were enagaing with the Guidance in the thematic reviews or demonstrably using the best execution process to drive better outcomes for clients (lower costs, better prices).
Worringly, the regulator continues to point to a disconnect between Front Office and Compliance approaches to Best Execution, with Compliance often being kept away from Best Execution issues, due to a perceived lack of skills and understanding. For many firms, it is not that they are failing to deliver best execution - more that their governance, policy and procedural framework fails to demonstrate this is so . . . a huge “own goal” when the FCA comes calling.
Making use of CASE STUDIES and SYNDICATE EXERCISES, this practical course will help Compliance and Front Office professionals keep up to date with the evolving rules, guidance and standards in this critical area of business and regulatory risk.
Upcoming start dates
Outcome / Qualification etc.
CPD hours: 3
- Review your compliance with MiFID requirements and ESMA Guidance
- Update and refresh your knowledge of FCA developments and priorities, including the impact of TR 14/13 and the 2017 follow up - many firms still have not got this right
- Consider the appropriateness of your best execution arrangements, including what constitutes best execution for your firm and its clients
- Recognise the importance of an effective monitoring structure
- Review the effectiveness of your best execution governance, testing and reporting
- Understand how best to benchmark your business with your peers
Course delivery details
This course will be delivered via a real time slide sharing and live audio visual platform, accessible by desktop computer, laptop, tablet or smartphone. Class size will be limited to ensure a high quality and interactive learning experience.