Best Execution & Product Governance: Compliance Essentials for Financial Services (C2522)
This seminar provides a deep dive into best execution standards and product governance under MiFID II and CySEC regulations. Participants will gain practical knowledge of compliance frameworks, order execution policies, and common regulatory pitfalls, equipping them to enhance their firm's operational efficiency and investor protection efforts.
Table of Contents of Best Execution & Product Governance Course
- About the Course
- Who Should Attend
- Key Learning Objectives
- Course Curriculum
- Meet the Trainer
- Fees & Registration Details
- FAQs – Frequently Asked Questions
- Other Upcoming Courses
About the Course
In an evolving regulatory environment, ensuring best execution and robust product governance is crucial for maintaining compliance, fostering client trust, and mitigating risks. With increasing scrutiny from CySEC and the requirements of MiFID II, financial firms need to develop effective compliance frameworks and policies that align with these evolving standards.
Our 15 Hours Live online HRDA seminar provides a deep dive into best execution standards and product governance under MiFID II and CySEC regulations. Participants will gain practical knowledge of compliance frameworks, order execution policies, and common regulatory pitfalls, equipping them to enhance their firm’s operational efficiency and investor protection efforts.
This seminar will equip participants with the necessary knowledge and tools to navigate the complexities of best execution and product governance under MiFID II and CySEC regulations. By offering practical strategies and addressing common pitfalls, the seminar ensures financial firms can develop and enhance their compliance frameworks, ultimately protecting client interests and minimizing regulatory risks.
Course Timetable
Who Should Attend
This seminar is ideal for:
- Compliance Officers
- Risk Managers
- Operations Staff
- Trading Desk Personnel
- Senior Management
Key Learning Objectives
By the end of the seminar, participants will be able to:
Knowledge:
- Analyze MiFID II and CySEC regulatory frameworks governing best execution and product governance.
- Evaluate the impact of CySEC Circulars (C343, C441, and C578) on order execution policies.
- Understand the requirements of the RTS 27 & RTS 28 reports for monitoring execution quality.
- Identify the roles of manufacturers and distributors in product governance under MiFID II.
- Recognize the common deficiencies highlighted by CySEC in best execution thematic reviews.
- Assess the importance of continuous product reviews to ensure suitability for target markets.
Skills:
- Develop comprehensive Order Execution Policies (OEP) that align with regulatory guidelines.
- Implement effective monitoring processes for order execution and product governance.
- Create robust internal controls and risk management strategies for dealing activities.
- Develop staff training programs focused on compliance and best execution practices.
- Monitor adherence to product governance frameworks and ensure ongoing product suitability.
- Design continuous improvement mechanisms to address deficiencies in order execution processes.
Attitudes:
- Foster a proactive compliance culture that prioritizes investor protection and regulatory adherence.
- Embrace continuous learning and staff development to keep up with regulatory changes.
- Cultivate accountability and ownership in ensuring best execution and product governance practices.
- Promote transparency and diligence in order execution, reporting, and monitoring.
- Develop a mindset focused on the regular review and improvement of internal processes.
- Commit to maintaining ethical standards in dealing with activities and compliance frameworks.
Course Curriculum
Pillar 1: Understanding Regulatory Frameworks
Chapter 1 | Introduction to MiFID II and CySEC Regulations
Overview of MiFID II objectives and their implications for investment firms.
Key provisions from CySEC Circular C343 regarding best execution obligations.
Thematic review findings from CySEC on best execution practices.
Relevant policies on product governance, as outlined in Circular C441, emphasize the importance of identifying target markets and ensuring products meet client needs.
Chapter 2 | Best Execution Obligations
- Examination of RTS 27 & RTS 28 reports and their relevance for order execution policies.
- CySEC Circular C578 on remuneration policies related to best execution.
- Observations from the thematic review of best execution obligations (Circular C343), including common deficiencies identified by CySEC:
- Inadequate best execution policies.
- Insufficient monitoring of execution quality.
- Poor data management and reporting practices.
Pillar 2: Practical Considerations in Order Execution
Chapter 3 | Implementing Effective Order Execution Policies
- Developing a comprehensive Order Execution Policy (OEP) aligned with regulatory guidelines.
- Key elements to include in the OEP such as execution venues, liquidity providers, and factors affecting order execution.
- Monitoring adherence to the OEP and ensuring compliance with regulatory requirements.
Chapter 4 | Product Governance Principles
- Understanding the concept of product governance under MiFID II.
- Roles of manufacturers and distributors in ensuring products meet target market needs.
- Regular review processes for product offerings to ensure continued suitability for clients, focusing on identifying target markets and balancing client interests throughout the product lifecycle.
Pillar 3: Compliance, Challenges, and Continuous Improvement
Chapter 5 | Compliance Frameworks for Dealing Activities
- Establishing robust compliance frameworks tailored to the reception, transmission of orders, and dealing activities.
- Importance of internal controls in managing risks associated with order execution.
- Common pitfalls such as limited internal controls, a lack of escalation processes, inadequate compliance function expertise, and insufficient risk management strategies.
Chapter 6 | Continuous Improvement and Staff Training
- Developing a culture of compliance within the organization.
- Continuous training programs for staff on regulatory updates and best practices.
- Addressing training needs related to common deficiencies identified in regulatory reviews.
- Mechanisms for regular review and improvement of order execution processes.
*This training program is designed to support continuing professional development (CPD). Participants are encouraged to verify with their professional body or regulatory authority whether the training meets their individual or institutional CPD requirements.
Meet the Trainer
Fees & Registration Details
FAQs – Frequently Asked Questions
Is this seminar eligible for 15 CPDs?
What is 'Best Execution' under MiFID II, and why is it important for financial firms?
What will I learn in the “Best Execution & Product Governance” compliance seminar?
- Order Execution Policies (OEP)
- RTS 27 & RTS 28 reporting requirements
- CySEC Circulars C343, C441 & C578
- Internal compliance controls for dealing activities
Is the seminar eligible for HRDA subsidy in Cyprus and how do I apply?
- You must have an active Ermis Portal profile.
- Register via the HRDA’s Ermis Platform to secure your spot and receive the subsidy.
Can my company request an in-house implementation of this seminar?
- Address internal policy gaps
- Prepare for compliance audits
- Train multiple staff members on CySEC & MiFID II obligations
How is this seminar different from other financial compliance training programs?
- CySEC’s most recent thematic reviews and Circulars
- Hands-on guidance for building and evaluating your Order Execution Policy
- Strategies for implementing ongoing product governance frameworks
- Expert-led live sessions with opportunities for discussion and case studies
This seminar may be approved for up to 15 CPD units in Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator, or other bodies in which you hold membership.
Best Execution refers to the obligation under MiFID II for investment firms to take all sufficient steps to obtain the best possible result for their clients when executing orders. It is a cornerstone of investor protection and regulatory compliance, directly influencing transparency, trust, and operational efficiency.
This 15-hour live online seminar offers a practical and in-depth overview of MiFID II best execution standards and product governance obligations under CySEC regulations. Participants will explore topics such as:
Ideal for compliance officers, risk managers, and senior executives, this course helps ensure your firm meets regulatory expectations while enhancing investor protection.
Yes, this seminar is fully approved and subsidized by HRDA Cyprus.
To apply:
Note: Participants must attend at least 75% of the course to be eligible for the subsidy and receive certification.
Yes! We offer customized in-house implementations of this seminar tailored to your organization’s specific regulatory challenges.
This is ideal for teams that want to:
Contact us directly to request a quote or design a tailor-made program.
Unlike generic webinars, this HRDA-accredited training dives deep into real-world regulatory challenges, incorporating:
You’ll leave with actionable tools and checklists to boost your firm’s compliance readiness and reduce regulatory risk.
