A tailored course, built for your situation
Mastering MiFID II for Global Financial Services Leaders
Build defensible, high-accuracy compliance frameworks that stand up to regulatory scrutiny on first review
$199 one-time
24-hour access provisioning
30-day money-back guarantee
Hand-built implementation playbook
12 modules. 12 chapters per module. 144 chapters total.
12 modules, each with 12 chapters (144 chapters total), text-based, plus downloadable templates and a hand-built implementation playbook delivered alongside course access.
Avoid rework on MiFID II deliverables by getting them right the first time
The situation this course is for
Many compliance and risk leaders spend too many cycles refining reports, disclosures, and audit packs for MiFID II, not because they lack knowledge, but because they lack a structured, field-tested approach to producing consistently high-quality outputs from the start.
Who this is for
Senior compliance, risk, and regulatory professionals in global financial institutions who own or contribute to MiFID II implementation, reporting, or audit readiness
Who this is not for
Entry-level analysts, legal-only reviewers, or consultants without direct accountability for MiFID II artefacts
What you walk away with
- Produce MiFID II-compliant reports with fewer review iterations
- Apply a repeatable framework for structuring trade reporting and conduct disclosures
- Reference real-world examples when building execution quality summaries
- Demonstrate measurable improvement in output accuracy and defensibility
- Build internal credibility by reducing compliance rework
The 12 modules (with all 144 chapters)
Module 1. Understanding MiFID II's Core Regulatory Intent
Lay the foundation by exploring the original objectives of MiFID II, including investor protection, market transparency, and fair competition. This module clarifies how these principles shape reporting, execution, and compliance expectations across asset classes.
12 chapters in this module
- Origins and evolution of MiFID II regulation
- Key differences between MiFID I and MiFID II
- Scope of financial instruments covered under the directive
- Jurisdictional reach and cross-border implications
- Core pillars: transparency, conduct, and reporting
- Role of ESMA and national regulators in enforcement
- How transaction reporting feeds into supervisory oversight
- Impact on pre-trade and post-trade transparency rules
- Client categorisation and appropriateness requirements
- Product governance obligations for distributors
- Inducements and commission disclosure standards
- Obligations for algorithmic and high-frequency trading
Module 2. Structuring Accurate Transaction Reporting Outputs
Build confidence in transaction reporting by learning how to map trades to correct fields, avoid common classification errors, and ensure data completeness across asset classes and venues.
12 chapters in this module
- Mapping trade lifecycle events to RTS 23 templates
- Correct use of waiver codes and execution venue identifiers
- Handling OTC derivatives under SFTR overlap
- Accurate timestamping for multilateral systems
- Resolving instrument classification mismatches
- Validating LEI and UTI formatting rules
- Reporting thresholds for systematic internalisers
- Correct handling of dark pool participation
- Tracking amendments and cancellations accurately
- Avoiding duplicate submissions across jurisdictions
- Best practices for third-party data validation
- Reducing flags from national regulator systems
Module 3. Execution Quality Metrics That Withstand Review
Go beyond ticking boxes by mastering how to calculate, document, and present execution quality metrics that meet both regulatory and internal audit scrutiny.
12 chapters in this module
- Understanding RTS 27 requirements for periodic disclosures
- Calculating price improvement across order types
- Measuring speed of execution and slippage
- Aggregating data from multiple execution venues
- Handling cross-border client classifications
- Applying correct benchmarks for comparison
- Disclosing methodology in publicly available reports
- Avoiding misleading or incomplete data summaries
- Updating reporting due to venue changes
- Addressing corrections and back-testing
- Common audit findings and how to prevent them
- Using templates to streamline quarterly updates
Module 4. Trade Transparency and Pre-Post Reporting Rules
Learn how to apply pre-trade and post-trade transparency requirements correctly, including waivers, deferrals, and size-adapted thresholds.
12 chapters in this module
- Determining liquid and non-liquid instruments
- Calculating standard market size thresholds
- Applying double volume cap tests
- Filing for temporary deferrals during volatility
- Waiver eligibility for systematic internalisers
- Handling large-in-size and delta notional waivers
- Correct timing for post-trade publications
- Venue-specific publication requirements
- Monitoring changes in liquidity status
- Reconciling internal data with public feeds
- Avoiding inadvertent breaches due to timing
- Updating systems when thresholds are revised
Module 5. Best Practices in Client Order Handling
Ensure your firm’s order routing and handling policies align with MiFID II’s best execution obligations across equity and non-equity venues.
12 chapters in this module
- Defining best execution under Article 27
- Documenting venue selection criteria
- Reviewing execution quality across asset classes
- Justifying use of proprietary venues
- Managing conflicts of interest in routing
- Capturing client-specific instructions
- Evaluating economic and non-economic factors
- Updating policies after market changes
- Demonstrating adherence during audits
- Using benchmarks to assess performance
- Reporting execution outcomes upon request
- Avoiding continuity gaps in policy documentation
Module 6. Compliance Dashboard Design for Ongoing Monitoring
Design dashboards that track MiFID II obligations in real time, reduce manual checks, and provide clear audit trails.
12 chapters in this module
- Identifying key control points in trade workflow
- Selecting measurable indicators for compliance
- Integrating transaction reporting validation
- Tracking execution quality over time
- Mapping regulatory deadlines into alerts
- Automating waiver expiry notifications
- Visualising data completeness across feeds
- Benchmarking against peer-level standards
- Generating internal compliance scorecards
- Linking findings to corrective action logs
- Exporting dashboards for internal audit
- Updating metrics after regulatory changes
Module 7. Conduct of Business Rules and Suitability Assessments
Strengthen client onboarding and product suitability processes to meet MiFID II’s enhanced obligations.
12 chapters in this module
- Classifying clients: retail, professional, eligible counterparty
- Documenting appropriateness assessments
- Recording risk tolerance and investment objectives
- Applying product governance rules
- Reviewing client categorisation changes
- Handling complex structured products
- Avoiding mis-selling risks
- Updating KIDs and PRIIPs disclosures
- Maintaining records for audit trail
- Training staff on conduct standards
- Responding to client complaints
- Integrating feedback into review cycles
Module 8. Inducements and Commission Disclosure Frameworks
Navigate the rules on inducements, third-party payments, and disclosure to ensure full compliance without operational disruption.
12 chapters in this module
- Defining what constitutes an inducement
- Permissible vs. prohibited payments
- Disclosure requirements for research payments
- Managing third-party research budgets
- Separating advisory and execution services
- Tracking non-monetary benefits
- Documenting receipt and use of inducements
- Auditing inducement registers
- Avoiding conflicts with management mandates
- Reviewing disclosure language clarity
- Updating policies after regulatory guidance
- Integrating checks into onboarding flows
Module 9. Algorithmic Trading and HFT Compliance
Ensure algorithmic trading strategies comply with MiFID II’s requirements for pre-approval, monitoring, and system safeguards.
12 chapters in this module
- Determining if a strategy qualifies as HFT
- Registering with national competent authorities
- Implementing kill-switch mechanisms
- Conducting algorithm impact assessments
- Monitoring for market manipulation risks
- Logging decision-making logic and triggers
- Testing for unintended execution behavior
- Documenting risk controls for regulators
- Updating algorithms after market changes
- Avoiding latency arbitrage conflicts
- Reviewing backtest alignment with live results
- Integrating compliance checks into deployment
Module 10. Cross-Border Reporting and Consolidated Tape
Address challenges in reporting trades across jurisdictions and contributing to consolidated tape initiatives under MiFID II.
12 chapters in this module
- Handling multi-venue reporting obligations
- Aligning data formats across national systems
- Resolving LEI and instrument identifier mismatches
- Contributing to consolidated tape pilots
- Managing data sharing agreements
- Addressing privacy concerns in cross-border flows
- Dealing with latency in reporting pipelines
- Validating data quality before submission
- Responding to cross-border queries
- Coordinating with local compliance teams
- Updating mappings after regulatory changes
- Tracking performance of cross-border feeds
Module 11. Audit Preparation and Regulatory Engagement
Prepare for internal and external reviews by building defensible, well-documented MiFID II compliance processes.
12 chapters in this module
- Anticipating common regulator questions
- Organising evidence for transaction reporting
- Demonstrating best execution adherence
- Responding to execution quality queries
- Preparing for desk walkthroughs
- Documenting policy evolution over time
- Gathering system access logs and approvals
- Validating staff training records
- Addressing prior findings in new cycles
- Using templates to accelerate response
- Coordinating with legal and external counsel
- Improving responses based on past audits
Module 12. Sustaining Compliance Through Regulatory Updates
Stay ahead of evolving MiFID II guidance by building a responsive compliance framework that adapts efficiently to change.
12 chapters in this module
- Tracking ESMA and EBA consultation papers
- Monitoring national regulatory updates
- Assessing impact of policy revisions
- Updating internal policies and controls
- Communicating changes to internal teams
- Revising training materials promptly
- Conducting impact assessments
- Engaging with trade associations
- Participating in industry feedback loops
- Benchmarking against leading firms
- Integrating changes into existing workflows
- Documenting adaptation decisions
How this maps to your situation
- Current transaction reporting backlog
- Upcoming RTS 27 disclosure cycle
- Internal audit preparation
- Regulatory engagement readiness
Before vs. after
Before
Spending cycles refining MiFID II deliverables, relying on ad-hoc fixes and incomplete templates
After
Producing polished, accurate outputs the first time with a repeatable, defensible framework
What's included with your purchase
- 12 modules with 12 chapters each (144 chapters)
- Downloadable templates and worked examples for every module
- Hand-built implementation playbook delivered alongside course access
- 30-day money-back guarantee
Delivery and format
- Course and learning environment access provisioned within 24 hours of purchase
- Hand-built implementation playbook delivered alongside course access
Format: Text-based modules and chapters in the Art of Service learning environment, plus downloadable templates and worked examples for every chapter, plus the hand-built implementation playbook delivered alongside course access.
Time investment: 90 minutes per week over six weeks, or self-paced access for up to 90 days
If nothing changes
Continuing without a structured approach risks repeated rework, audit findings, and diminished credibility when regulatory scrutiny intensifies.
How this compares to the alternatives
Unlike generic compliance courses, this program focuses exclusively on MiFID II with field-tested templates and real-world examples tailored to global financial services firms.
Frequently asked
How is the course structured?
12 modules, each containing 12 chapters (144 chapters total).
Is this relevant if I'm not based in Europe?
Yes , any firm handling EU client assets or trading EU-listed instruments must comply with MiFID II, making this relevant for global desks.
Will I get templates I can use immediately?
Yes , every module includes downloadable, field-tested templates and worked examples.
$199 one-time. 90 minutes per week over six weeks, or self-paced access for up to 90 days.
Within 24 hours your account in the learning environment is provisioned and the tailored implementation playbook is delivered alongside it.
30-day money-back guarantee·
144 chapters·
Hand-built playbook included·
Account access within 24 hours