MiFID II Portfolio Management: Suitability, Compliance & Best Execution (H1017)
Portfolio management under MiFID II is no longer just about performance — it is about proving, documenting, and defending every decision in line with client objectives, suitability requirements, and best execution obligations.”
Table of Contents
- About the MiFID II Portfolio Management Course
- Who Should Attend MiFID II Portfolio Management Course?
- MiFID II Portfolio Management Course Key Learning Objectives
- MiFID II Portfolio Management Course Curriculum
- Meet the Trainer
- FAQs – Frequently Asked Questions
- Other Upcoming Courses
- Fees & Registration Details
- Registration Form
About the MiFID II Portfolio Management Course
Portfolio management is a core investment service under Directive 2014/65/EU (MiFID II) and the national framework established by Law 87(I)/2017. It is subject to heightened regulatory scrutiny, particularly in relation to suitability, client outcomes, best execution, and governance. Supervisory authorities increasingly expect firms to demonstrate that investment decisions are aligned with client profiles, properly monitored over time, and supported by robust control frameworks and documentation.
At the same time, evolving regulatory developments and supervisory priorities, including increased focus on cost transparency, value for money, and accountability, have created additional complexity for firms. Many organisations face challenges in evidencing ongoing suitability, managing conflicts of interest, and ensuring that their portfolio management and trading practices can withstand regulatory review. This programme addresses these challenges by providing a practical and structured approach to strengthening compliance, governance, and oversight in line with current expectations.
While our curriculum deepens your knowledge of these specific investment structures, mastering core regulatory frameworks requires a solid foundational approach. Ensure your team understands broader operational requirements alongside our comprehensive CySEC Advanced Certification: Preparation Course
Register via ERMIS platform using code 705697
Who Should Attend MiFID II Portfolio Management Course?
This course is suitable for:
CIFs / Investment Firms
Fund Managers (AIFMs / UCITS with MiFID top-ups)
Directors, Compliance, Risk & Internal Audit
Portfolio Managers and Trading Desk Supervisors
MiFID II Portfolio Management Course Key Learning Objectives
By the end of the seminar, participants will be able to:
- Understand the regulatory framework governing portfolio management
- Explain the relationship between Suitability & Product governance
- Know the difference between portfolio management and other related services
- Know the types of portfolio management services
- Identify key regulatory risks in portfolio management and trading
Because portfolio choices are heavily tied to structural risk parameters, compliance personnel must confidently track client assets alongside overall financial integrity. To balance your investment controls with professional compliance mandates, see our dedicated Financial Regulation Courses category pathway
- Assess whether portfolios meet suitability requirements
- Design governance and control frameworks
- Evaluate execution quality and conflicts of interest
- Identify regulatory weaknesses and remediation actions
- Adopt a client-outcome and risk-based mindset
- Strengthen accountability across business and control functions
- Approach portfolio management as a defensible regulated activity
By implementing these compliance measures, attendees will protect their firms from costly operational deficiencies. In modern regulatory landscapes, investment tracking cannot be separated from broader anti-money laundering and transaction security operations. Discover how to identify systemic financial vulnerabilities early through our targeted Anti-Money Laundering Seminar index
MiFID II Portfolio Management Course Curriculum
Objective: Understanding the legal framework for portfolio management operations under Law 87(I)/2017 and keeping pace with evolving ESMA priorities. Because these cross-border frameworks adapt rapidly to European market shifts, your control files must reflect the absolute latest updates from CySEC. Track these macro regulatory movements directly via our AML Regulatory Updates knowledge hub.
- Definition of portfolio management under MiFID II
- Distinction: Portfolio Management vs Execution vs Dealing on Own Account
- Discretionary vs Non-Discretionary Portfolio Management
- Grey areas: Model portfolios, copy trading, robo-advisory
- Licensing scope under Law 87(I)/2017
Objective: Defining what constitutes suitability and clients’ risk tolerance levels
- MiFID II suitability obligations (Art. 25(2))
- ESMA Suitability Guidelines (2022)
Initial vs ongoing suitability - Application of suitability under discretionary vs non-discretionary models
- Risk profiling: Risk tolerance vs capacity for loss
- Portfolio drift and rebalancing
- Documentation and evidencing suitability
Objective: Understand the importance of appropriate product governance and its relationship with portfolio management.
- Product governance obligations (MiFID II Art. 16(3))
- Target market alignment
- Instrument selection and monitoring
- Avoiding product-client mismatch
Objective: Know how to set appropriate governance procedures and controls
- Board responsibility and accountability
- Role of: Investment Committee and Compliance and Risk
- Three Lines of Defence
- Reporting and escalation frameworks
Objective: Understand which business operations are permitted under the applicable regulatory framework.
- Best execution obligations (MiFID II Art. 27)
- Execution factors: Price, cost, speed, likelihood
- Broker selection and review
- Execution quality monitoring:Slippage,
Benchmarking and order allocation and fairness
Objective: Assessing the conflict of interests risks associated with the offering of portfolio management services.
- Staff dealing, Cross trades, Fee structures
- Market conduct risks under Regulation (EU) No 596/2014
- Front-running and insider risks
- Information barriers and controls
Objective: Know how to design appropriate client mandates and monitor them.
- Designing compliant client mandates
- Monitoring
- Performance
- Risk limits
- Portfolio breaches and escalation
- Benchmark selection and misuse
Objective: Know the disclosure and reporting requirements under MIFID II.
- Client reporting: Portfolio statements and 10% loss rule
- Cost &charges disclosure
- Avoiding misleading reporting
- Documentation standards
Objective: Understand surveillance, controls, and regulatory readiness, including trade monitoring, red flags, audit trails, and inspection preparation.
- Trade surveillance
- Red flags in trading behaviour
- Audit trails and documentation
- Preparing for CySEC inspectio
Objective: Know how to set appropriate governance procedures and controls.
- Upcoming regulatory developments
- ESMA supervisory focus:
- Portfolio oversight
- Execution quality
- Conflicts
- Strengthening control frameworks
Practical Session
- Identify compliance gaps in a sample scenario
- Discuss real supervisory risks
- Key takeaways and action points
- Recap &key points
- Q&A
- Seminar evaluation
Meet the Trainer
Fees & Registration Details
FAQs – Frequently Asked Questions
This course is designed for professionals involved in portfolio management and oversight, including:
- Portfolio managers
- Compliance officers
- Risk managers
- Investment firm executives
- Internal audit and control functions
Participants will develop the ability to:
- Design and supervise compliant portfolio management frameworks
- Apply suitability requirements in real-world scenarios
- Evidence and defend decisions during regulatory inspections
- Align portfolios with client mandates and target markets
The seminar is aligned with key regulatory frameworks, including:
- MiFID II Directive 2014/65/EU
- MiFIR Regulation (EU) No 600/2014
- Law 87(I)/2017 Cyprus Investment Services Law
It incorporates current supervisory focus areas from CySEC and ESMA, particularly on suitability, governance, and best execution.
The course is highly practical, using:
- Real-life case studies
- Regulatory inspection scenarios
- Examples of common deficiencies identified by regulators
This ensures participants can directly apply the concepts within their organisation.
