Description

A focused course, tailored for you

Regulatory Documentation for CIB Legal Counsel

Build the drafting discipline to keep transaction documents current when the regulatory floor keeps moving.

CIB legal counsel working on derivatives, structured finance, and cross-border lending routinely inherit boilerplate that predates the current regulatory layer. When a counterparty flags a DORA clause, a FRTB capital disclosure section, or a SFTR reporting obligation the standard ISDA annex does not address, the counsel has to rewrite under deal-timeline pressure. This course gives you the drafting framework and the regulatory read-across to do that work with precision.

$199 one-time

Tailored to your situation. Access within 24 hours. 30-day money-back.

Includes a hand-built implementation playbook delivered alongside course access, generated for your specific situation.

Why this course

Transaction documentation in capital markets legal moves on two clocks: deal execution speed and the slower, overlapping cadence of regulatory change. DORA operational resilience requirements, FRTB market risk capital disclosures, EMIR refit reporting obligations, and cross-border MiFID II suitability annexes have each added new drafting requirements that standard boilerplate has not absorbed. Senior CIB legal counsel must close that gap in real time, often on live deals where external counsel is not in scope and the counterparty has already flagged the mismatch. The friction is not knowing the regulation. The friction is translating the regulation into executable document language at deal speed.

What you walk away with

Draft DORA-compliant operational resilience annexes for ISDA master agreements and service contracts.
Rewrite FRTB market risk disclosure sections in term sheets and offering documents to reflect current capital treatment.
Map cross-border regulatory obligations (MiFID II, EMIR, SFTR) to specific documentation sections and flag drafting gaps before counterparty review.
Build a reusable regulatory change protocol so standard templates update when the regulatory floor moves rather than during live deals.
Construct governing law and jurisdiction clauses that remain defensible when multiple regulators are in scope.
Produce a deal-ready regulatory disclosure annex in under a working day from the implementing act text.

The 12 modules

Module 1. The Regulatory Documentation Gap in Capital Markets Legal

Maps the structural mismatch between standard ISDA and LMA boilerplate and the current regulatory layer. Covers which implementing acts (DORA, EMIR Refit, FRTB, SFTR) have created the largest documentation gaps and why these surface during counterparty negotiation rather than during internal review. Establishes the drafting framework the course uses throughout: obligation identification, document section mapping, language drafting, and version control protocol.

Module 2. DORA Operational Resilience Clauses: Reading the Implementing Act

Breaks down DORA Articles 28-30 (ICT third-party risk) and the RTS on subcontracting into specific contractual obligations. Identifies which obligations attach to financial entity agreements with ICT providers, which attach to intragroup service agreements, and which create disclosure requirements in counterparty-facing documentation. Produces a clause checklist keyed to specific DORA obligations that legal counsel can use as a drafting starting point.

Module 3. Drafting DORA Annexes for ISDA Master Agreements

Walks through the process of drafting a DORA operational resilience annex as a supplement to an ISDA 2002 Master Agreement. Covers which DORA obligations require contractual embedding versus policy reference, how to handle counterparties subject to different regulatory regimes, and how to draft the annex so it updates by reference when DORA implementing acts are amended rather than requiring full redraft. Includes a worked annex draft against a hypothetical derivatives transaction.

Module 4. FRTB Market Risk Disclosures in Transaction Documentation

Explains the FRTB Fundamental Review of the Trading Book capital requirements and their impact on how market risk must be described in term sheets, offering memoranda, and risk disclosure sections. Covers Internal Model Approach versus Standardised Approach disclosure differences, the non-modellable risk factor disclosure obligation, and the desk structure implications that affect how risk is characterised in client-facing documents. Produces a disclosure section template keyed to FRTB treatment categories.

Module 5. EMIR Refit and SFTR Reporting Obligations in Transaction Annexes

Maps EMIR Refit clearing and reporting obligations and SFTR securities financing transaction reporting requirements to specific annex sections in ISDA and GMSLA documentation. Covers the delegation agreement structure for SFTR reporting, how to draft the reporting annex so the scope of delegation is unambiguous, and how to handle counterparties that have already drafted their own SFTR annex with different scope language. Includes a clause-by-clause comparison of common SFTR delegation language variants.

Module 6. Cross-Border Governing Law and Jurisdiction Clauses Under Multi-Regulator Scrutiny

Addresses drafting when a single transaction is in scope for two or more regulators: English law ISDA with a French MiFID II counterparty, New York law credit agreement with an EU institutional client subject to EMIR. Covers how governing law clauses interact with mandatory regulatory provisions, how to draft jurisdiction clauses that remain defensible in enforcement, and how Brexit affected enforceability assumptions in standard English law boilerplate.

Module 7. MiFID II Suitability and Appropriateness Annexes: Current Drafting Standards

Covers MiFID II suitability and appropriateness obligations in CIB client documentation: when a suitability annex is required versus an appropriateness disclosure, how to draft the client categorisation section to avoid unnecessary retail treatment scope, and how the ESG preference assessment obligation introduced under the current Delegated Regulation changes the suitability annex structure. Produces a worked suitability annex for a professional counterparty derivatives relationship.

Module 8. Building a Regulatory Change Protocol for Standard Templates

Sets up a systematic process for monitoring regulatory change and propagating updates to standard transaction templates before the gap surfaces in a live deal. Covers how to segment a template library by regulatory touch point (DORA, FRTB, EMIR, SFTR, MiFID II), how to assign monitoring responsibilities, how to draft templates so that regulatory cross-references use defined terms that can be updated centrally, and how to document the rationale for each drafting choice so future counsel understands the regulatory basis.

Module 9. Counterparty Negotiation: Responding to Regulatory Markup

Addresses the drafting challenge when counterparty counsel returns markup for regulatory changes your standard template did not anticipate. Covers how to assess whether the markup reflects genuine regulatory obligation or negotiating position, how to draft a response that concedes on obligation and holds on commercial terms, and how to document the regulatory basis so the file is defensible in review. Worked examples use common DORA and EMIR Refit markup patterns.

Module 10. Intragroup Agreement Documentation Under DORA and EMIR

Covers the specific documentation requirements for intragroup ICT service agreements and intragroup derivatives transactions under DORA and EMIR. DORA Article 30 applies to intragroup ICT arrangements; EMIR provides an intragroup exemption that requires documented application. Drafts the intragroup ICT service agreement to satisfy DORA Article 30 minimum requirements and the intragroup EMIR exemption application to satisfy Article 3 conditions, with worked examples for a common treasury management and shared services structure.

Module 11. Disclosure Annexes for Structured Products and Lending: Current Standards

Covers the regulatory disclosure obligations in structured product offering documents and syndicated lending facilities that have changed under FRTB, PRIIPs, and the EU Prospectus Regulation. Addresses the PRIIPs KID drafting obligations for retail-accessible structured products, how FRTB changes the risk factor disclosure standard in offering memoranda for trading book instruments, and how to draft the information undertakings and financial covenants in syndicated facilities to reflect current regulatory reporting requirements on the borrower.

Module 12. The Deal-Ready Regulatory Disclosure Annex: Assembly and Sign-Off

Pulls the course into a practical workflow for producing a deal-ready regulatory disclosure annex from scratch. Covers triage for identifying which obligations attach to the specific transaction, assembling the annex from module templates, running the sign-off process with compliance and risk before counterparty review, and filing the annex so it feeds back into the template library for future transactions of the same type.

How this addresses your situation

Specific modules that map to what you said you are dealing with.

Counterparty flags a DORA clause in an ISDA supplement during live deal negotiation: Modules 2, 3, 9.

FRTB implementing rules have changed the capital treatment disclosed in an existing term sheet: Modules 4, 11.

SFTR reporting delegation scope is disputed between your desk and the counterparty's legal team: Module 5.

A cross-border transaction puts English law governing law clauses under French MiFID II mandatory provisions: Modules 6, 7.

What you get with this course

12 written modules in the Art of Service learning environment, each focused on a specific regulatory documentation challenge.
Downloadable drafting templates and worked examples for every module: DORA annex, FRTB disclosure section, SFTR delegation agreement, MiFID II suitability annex, and regulatory change protocol.
Hand-built implementation playbook tailored to your desk's transaction mix, delivered alongside course access.

What you will have in hand by Day 1, Week 1, Month 1

Course access and implementation playbook provisioned within 24 hours of purchase.

Self-paced: most participants complete the 12 modules over two to three weeks while working on live transactions.

Templates are immediately usable from module 2 onward; no prerequisite sequence required.

Before and after

Before

Standard boilerplate is reviewed during counterparty negotiation and gaps to the current regulatory layer surface under deal-timeline pressure, requiring reactive redrafting without a systematic framework.

After

A systematic drafting framework and template library keyed to current regulatory obligations means regulatory gaps are identified and closed before counterparty review, and live-deal pressure is not the trigger for updating documentation standards.

What happens if you do not address this

Each live deal where standard boilerplate is returned marked-up for regulatory mismatch is a moment where external counsel gets pulled in, deal timelines slip, and the documentation file accumulates bespoke one-off drafts rather than building a reusable library. The regulatory layer will continue to move. The cost of not having a systematic update protocol compounds with each implementing act.

Who it is for

Senior Legal Counsel or equivalent at a capital markets or investment banking desk. Accountable for transaction documentation quality across derivatives, structured finance, syndicated lending, or cross-border advisory mandates. Works directly with front office, compliance, and external counsel. Has the regulatory knowledge but needs a systematic drafting framework and reusable templates that reflect the current regulatory layer.

Who this is NOT for. Compliance officers who do not draft transaction documents. Junior associates learning the basics of financial regulation. Attorneys practicing outside financial services. Anyone looking for a regulatory survey without a documentation output.

How it arrives

Text-based course in the Art of Service learning environment, plus downloadable templates and worked examples for every module, plus the hand-built implementation playbook delivered alongside course access.

Time investment. Approximately 3 to 4 hours per module. Total course: 36 to 48 hours. Most participants work through 2 to 3 modules per week alongside their regular transaction load.

Why $199 is the right number

External counsel on a bespoke regulatory documentation matter costs 400 to 800 USD per hour and produces a one-off deliverable that does not feed back into your template library. A regulatory survey from a law firm or consultancy covers the law but not the drafting execution. This course covers both: the current regulatory read-across and the executable documentation templates, at a fraction of the cost of a single partner-hour.

FAQ

Does the course cover all CIB transaction types?

The course is anchored in derivatives (ISDA), securities financing (GMSLA/GMRA), and syndicated lending (LMA). The regulatory frameworks covered (DORA, FRTB, EMIR, SFTR, MiFID II) apply across these transaction types. The implementation playbook is tailored to your specific desk mix.

How current is the regulatory content?

The course covers the current state of each regulation as implemented: DORA Level 2 measures in force, FRTB as transposed in CRR3, EMIR Refit, SFTR, and MiFID II including the current ESG preference amendments. The regulatory change protocol in Module 8 is designed so your template library stays current as further implementing acts are issued.

Is this legal advice?

No. The course provides drafting frameworks, worked examples, and templates for educational purposes. Legal advice for specific transactions requires qualified counsel applying the law to the specific facts.

30-day money-back guarantee. If after a week of working through the materials this is not what you needed, reply to the receipt email and a full refund is processed. No questions, no forms.

Within 24 hours your account in the learning environment is provisioned and the tailored implementation playbook is delivered alongside it.