Portfolio Management & Trading Oversight Under MiFID (H1017)
Portfolio management and dealing on own account are core MiFID investment services—highly regulated, closely scrutinised, and often misunderstood in practice. As regulatory pressure intensifies and MiFID III approaches, firms must ensure that these activities are properly structured, supervised, and documented. Weak governance, unclear service boundaries, or failure to demonstrate client-centric outcomes can trigger regulatory findings, fines, or licensing issues.
Table of Contents of Portfolio Management & Trading Oversight
- About the Course
- Who Should Attend Portfolio Management Course?
- Portfolio Management & Trading Oversight Course Key Learning Objectives
- Portfolio Management & Trading Oversight Course Curriculum
- Meet the Trainer
- FAQs – Frequently Asked Questions
- Other Upcoming Courses
- Fees & Registration Details
- Registration Form
About the Course
This seminar is designed for directors, compliance teams, and key staff within investment firms, EMIs, fund managers, and advisory businesses engaged in regulated investment services. It breaks down portfolio management and trading oversight, the regulatory framework, clarifies practical obligations under MiFID II, and provides tools to build strong internal controls and oversight.
The course also looks ahead to MiFID III and the growing focus on cost transparency, execution quality, and governance accountability. Delivered in two focused sessions—one on core regulatory expectations and one on practical implementation and future developments—the seminar equips participants to align their investment services with supervisory priorities and evolving standards.
Who Should Attend Portfolio Management Course?
This course on Portfolio Management & Trading Oversight Under MiFID is suitable for:
- Fund Managers (including AIFMs/UCITS with MiFID top-ups)
- CIFs, Investment Firms, EMIs (e.g. ECOMMBX)
- Directors, Compliance Officers, Risk Officers
- Front-office staff with governance, oversight, or reporting duties
- Internal Audit, Legal, or Regulatory Liaisons
Portfolio Management & Trading Oversight Course Key Learning Objectives
Following the completion of the course on Portfolio Management & Trading Outcomes, the attendees will be able to:
Knowledge level
- Describe the regulatory framework applicable to portfolio management and RTO services under MiFID II.
- Identify the key regulatory distinctions between execution, portfolio management, and dealing on own account.
- Explain the responsibilities of directors, compliance officers, and front-office staff in overseeing investment services.
- Outline upcoming regulatory developments under MiFID III and ESMA’s supervisory priorities.
Skill level
- Apply regulatory rules to classify investment services correctly.
- Design and evaluate governance and control structures for PM and RTO activities.
- Implement compliance measures for Best Execution, client disclosures, and conflicts of interest.
- Analyse trade and portfolio data to identify risks, breaches, and control gaps.
- Draft or improve internal policies, procedures, and reporting templates.
Attitude level
- Supervise investment services effectively within a MiFID-regulated firm.
- Ensure alignment between business models and licensing permissions.
- Strengthen the firm’s ability to meet regulatory expectations and demonstrate accountability during inspections.
- Engage with senior management and cross-functional teams to enforce compliance and manage risks proactively.
Portfolio Management & Trading Oversight Course Curriculum
This live online CPD course on Portfolio Management and Trading Outcomes is divided into 8 modules:
Module 1 | Investment Activities under MiFID: Definitions & Scope
- What is Portfolio Management (PM) under MiFID II
- What is Dealing on Own Account (RTO) and how it differs from execution
- Common misclassifications and regulatory risks
- How to check your firm’s license scope and avoid “grey zone” activity
- PM and RTO in CIFs, EMIs, and top-up AIFMs/UCITS managers
Module 2 | Licensing, Capital & Structural Obligations
- Linking business model to regulatory permissions
- Capital requirements for PM and RTO
- Prudential risks of combining PM, RTO, execution, and advisory
- Regulatory triggers: when you cross into new service territory
- Internal organisation and control functions (MiFID Art. 16)
Module 3 | Governance, Oversight & Accountability
- Board-level responsibility for regulated activities
- Role of the Investment Committee and compliance function
- Oversight frameworks: reporting lines, escalation, minutes
- Three Lines of Defence in investment services
- Ownership of risk & performance outcomes
Module 4 |Conduct Rules, Conflicts & Best Execution
- MiFID conduct rules in PM and RTO: fiduciary duties, integrity, fairness
- Best Execution obligations beyond execution-only
- Conflict of interest registers, staff dealing, cross-subsidies
- Fee transparency and inducement restrictions
- ESMA’s scrutiny of portfolio value-for-money
Module 5 | Portfolio Oversight & Mandate Compliance
- Setting up compliant client mandates: risk, objectives, limits
- Managing and evidencing ongoing suitability (where required)
- Portfolio performance monitoring: performance triggers, stop-loss, breaches
- Use of benchmarks and periodic reviews
- Mandate breach handling and internal reporting
Module 6 | Trading Controls, Market Conduct & Surveillance
- Monitoring RTO activity and discretionary trading
- Market abuse detection: insider dealing, front-running, mispricing
- Surveillance systems vs manual reviews
- Red flag indicators in trading behaviour
- Audit trails, documentation, and control sign-offs
Module 7 | Recordkeeping, Reporting & Disclosure
- Transaction reporting (MiFIR) for PM and RTO
- Client portfolio statements: content, timing, 10% loss alerts
- Cost and charge disclosures (ex-ante, ex-post)
- Documentation standards for decisions, reviews, and client files
- Internal reporting to governance bodies
Module 8 | MiFID III and What’s Coming Next
- MiFID III: anticipated changes
- Stricter inducement rules
- Enhanced cost-benefit oversight
- ESG disclosures and retail protection
- ESMA 2024–2025 focus:
- Portfolio oversight
- Execution quality
- Conflicts & performance fees
- Preparing your control framework for supervisory challenge
*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
Firms must classify PM and RTO correctly, ensure licensing matches services, apply Best Execution rules, manage conflicts, and maintain proper records as required by MiFID II.
This course is ideal for compliance teams, directors, fund managers, risk officers, and other professionals involved in regulated investment services.
It explains expected MiFID III updates, including stricter rules on costs, inducements, and performance oversight, and helps firms align internal controls with new standards.
Yes. Cyprus-based companies can apply for HRDA funding to reduce fees. Contact us for help with eligibility and application support
