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CMP5537 Mastering MiFID II for Capital Markets Compliance Practitioners

$199.00
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A tailored course, built for your situation

Mastering MiFID II for Capital Markets Compliance Practitioners

A structured path to authoritative command of transaction reporting, best execution, and product governance under MiFID II

$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.
Generic compliance training doesn’t cover the nuances of MiFID II transaction reporting under evolving ESMA scrutiny

The situation this course is for

Practitioners are expected to produce flawless reports and justify execution quality, yet most resources treat MiFID II as a checkbox rather than a strategic framework. Gaps in interpretation lead to rework, internal scrutiny, and elevated review cycles.

Who this is for

Senior compliance and regulatory specialists in global investment banks, focused on transaction reporting, execution quality, and product governance under MiFID II

Who this is not for

Entry-level analysts, non-regulated roles, or professionals outside capital markets compliance

What you walk away with

  • Map MiFID II RTS 21 transaction reporting requirements directly to internal data systems
  • Produce regulator-ready execution quality reports under RTS 27 with documented sourcing
  • Anticipate common audit findings in product governance workflows
  • Navigate ESMA reporting templates with confidence and precision
  • Confidently own end-to-end reporting cycles without senior review

The 12 modules (with all 144 chapters)

Module 1. Foundations of MiFID II in Global Investment Banking
Establishes the core structure of MiFID II, focusing on its implementation in global firms like Macquarie, with attention to reporting obligations, conduct rules, and cross-border implications. Tailored for practitioners who need to apply the framework operationally, not just interpret it.
12 chapters in this module
  1. Understanding the MiFID II legislative architecture
  2. Key differences between MiFID I and MiFID II scope
  3. How Macquarie’s EMEA footprint shapes compliance focus
  4. Role of compliance in front-office transaction lifecycle
  5. Regulatory reporting as a strategic differentiator
  6. ESMA’s evolving enforcement priorities right now
  7. Transaction reporting thresholds and classification logic
  8. Best execution obligations across asset classes
  9. Product governance rules and distribution channels
  10. Ongoing obligations beyond initial implementation
  11. Interaction between MiFID II and local national regulators
  12. Common misconceptions about RTS 22 scope
Module 2. RTS 21 Transaction Reporting Requirements
Deep dive into RTS 21 fields, validation rules, and common errors in trade reporting. Equips you to audit internal feeds, correct erroneous submissions, and align with regulator expectations on timeliness and accuracy.
12 chapters in this module
  1. Full list of 63 RTS 21 reportable fields
  2. Understanding ACER’s validation logic
  3. Accurate reporting of algorithmic trading strategies
  4. Handling cross-border client classifications
  5. Categorizing investment instruments under MiFID II
  6. Timestamping requirements for high-frequency trades
  7. Correct use of execution venue identifiers
  8. Reporting OTC derivatives traded on MTFs
  9. Exception handling for missing counterparty data
  10. Reconciliation workflows between trading and compliance
  11. Common errors flagged by ESMA in annual reports
  12. How to document reporting exceptions for audit
Module 3. Best Execution Reporting Under RTS 27
Covers the preparation, structuring, and disclosure of execution quality reports. Focuses on practical implementation, data sourcing, and presentation formats that satisfy both regulators and institutional clients.
12 chapters in this module
  1. Scope of RTS 27 versus internal best execution policies
  2. Required instruments and asset classes for reporting
  3. Data collection timelines and frequency rules
  4. Execution quality metrics: slippage, spread, and impact
  5. Aggregation levels for multi-jurisdictional firms
  6. Presentation of execution venue performance
  7. Quarterly versus annual reporting cycles
  8. Client-specific versus general reports
  9. Documenting methodology for audit trail
  10. How to handle disputes over execution rankings
  11. ESMA’s guidance on anonymized data use
  12. Checklist for pre-submission review
Module 4. Product Governance and Distribution Obligations
Breaks down MiFID II’s product governance rules (Article 19) and how they apply to structuring, approving, and distributing financial products. Focuses on documentation required for internal sign-offs and external distribution.
12 chapters in this module
  1. Target market definition for structured products
  2. Obligations for manufacturers and distributors
  3. Product approval workflows and documentation
  4. Periodic review of target market appropriateness
  5. Handling cross-border distribution conflicts
  6. Client categorization impact on product access
  7. Risk classification and complexity scoring
  8. Suitability reporting for retail investors
  9. Interaction with KID requirements under PRIIPS
  10. Recordkeeping for product governance decisions
  11. Audit expectations for product oversight
  12. Case study: distribution refusal justification
Module 5. Transaction Reporting Workflow Integration
Guides the integration of MiFID II reporting into existing trade lifecycle systems. Focuses on data flow mapping, error handling, and reconciliation with front-office systems.
12 chapters in this module
  1. Data sources across trading, clearing, and settlement
  2. Mapping trade events to RTS 21 fields
  3. Automated validation checks before submission
  4. Handling amendments and cancellations
  5. Reconciliation with ACER feedback reports
  6. Daily reporting cycle timelines
  7. Exception escalation paths within compliance
  8. Data retention policies for audit
  9. Integration with existing compliance dashboards
  10. Role of legal entity identifiers (LEIs)
  11. Handling client name changes and reclassifications
  12. System uptime and failover considerations
Module 6. Trade Transparency and Post-Trade Reporting
Covers pre- and post-trade transparency requirements, including waivers, deferral rules, and publication formats. Helps ensure timely and accurate public disclosures.
12 chapters in this module
  1. Pre-trade transparency for shares and bonds
  2. Post-trade reporting deadlines and formats
  3. Liquidity determination for trading venues
  4. Application of waivers for large in size trades
  5. Deferral rules for block trades
  6. Publication mechanisms and timing
  7. Interaction with Approved Publication Arrangements
  8. Monitoring for anomalous trading patterns
  9. Public disclosure of transaction data
  10. Handling trades executed outside regulated venues
  11. Reporting of systematic internalizers
  12. Enforcement actions related to transparency breaches
Module 7. Compliance Monitoring and Internal Audits
Prepares practitioners to conduct internal reviews of MiFID II adherence, focusing on transaction reporting accuracy, best execution tracking, and documentation completeness.
12 chapters in this module
  1. Audit scope for MiFID II compliance reviews
  2. Sampling methodologies for transaction testing
  3. Reviewing RTS 27 report accuracy and sourcing
  4. Evaluating product governance documentation
  5. Testing for timely transaction reporting
  6. Assessing front-office compliance awareness
  7. Documentation standards for internal findings
  8. Follow-up on control deficiencies
  9. Coordination with external audit teams
  10. Using dashboards for continuous monitoring
  11. Preparing for ESMA-led peer reviews
  12. Reporting findings to senior management
Module 8. Regulator Engagement and ESMA Expectations
Equips you to respond to regulator inquiries, prepare for inspections, and align internal practices with ESMA’s latest guidance and enforcement trends.
12 chapters in this module
  1. ESMA’s role in MiFID II supervision
  2. Common areas of regulatory scrutiny
  3. Preparing for on-site inspections
  4. Responding to data requests from national regulators
  5. Documenting rationale for reporting exceptions
  6. Handling follow-up questions on execution quality
  7. Aligning with ESMA’s annual work program
  8. Understanding thematic reviews and peer analysis
  9. Reporting breaches and escalation protocols
  10. Internal communication during regulator reviews
  11. Lessons from past enforcement actions
  12. How to position compliance as strategic
Module 9. Cross-Border Reporting Challenges
Addresses complexities in reporting trades involving multiple jurisdictions, including data localization, entity mapping, and regulatory overlap.
12 chapters in this module
  1. Handling client trades across EEA borders
  2. Entity classification under MiFID II
  3. Reporting obligations for non-EEA investment firms
  4. Use of third-country references
  5. Data privacy considerations in cross-border reporting
  6. Regulatory overlap with UK FCA post-Brexit
  7. Coordination with local compliance teams
  8. Translation and localization of reporting data
  9. Timezone impacts on reporting deadlines
  10. Handling dual-listed securities
  11. Regulatory arbitrage monitoring
  12. Best practices for multi-jurisdictional firms
Module 10. Technology and System Configuration
Guides configuration of reporting systems to meet MiFID II requirements, focusing on data integrity, automation, and audit readiness.
12 chapters in this module
  1. System architecture for MiFID II compliance
  2. Data mapping from trading systems to reporting engine
  3. Validation rules and error handling logic
  4. Automated reconciliation with ACER outputs
  5. Role-based access controls for reporting data
  6. Audit logging for system changes
  7. Integration with vendor solutions
  8. Testing procedures for system updates
  9. Change management for regulatory updates
  10. Performance benchmarks for reporting systems
  11. Disaster recovery and reporting continuity
  12. Vendor oversight for third-party solutions
Module 11. Documentation and Audit Trail Management
Ensures all MiFID II-related decisions, changes, and controls are properly documented and retrievable for internal or external review.
12 chapters in this module
  1. Required documentation under MiFID II
  2. Retention periods for compliance records
  3. Organizing audit trails by reporting cycle
  4. Version control for policy documents
  5. Electronic storage and retrieval systems
  6. Handling regulator document requests
  7. Internal documentation standards
  8. Cross-referencing with transaction data
  9. Evidence for best execution decisions
  10. Product governance approval records
  11. Change logs for reporting logic
  12. Preparing documentation packs for audits
Module 12. Future-Proofing MiFID II Compliance
Prepares practitioners for upcoming amendments, regulatory shifts, and technological evolution in MiFID II enforcement and reporting.
12 chapters in this module
  1. Tracking proposed MiFID II amendments
  2. ESMA consultation responses and impact
  3. Preparing for digital reporting mandates
  4. AI and automation in compliance workflows
  5. Regulatory trends in transaction monitoring
  6. Anticipating changes in execution quality metrics
  7. Product governance under evolving client demands
  8. Sustainability disclosures and MiFID II overlap
  9. Cybersecurity implications for reporting systems
  10. Staff training and knowledge retention
  11. Building a compliance feedback loop
  12. Positioning yourself as a subject matter expert

How this maps to your situation

  • New regulatory scrutiny on transaction reporting accuracy
  • Ongoing challenges in best execution disclosure
  • Product governance documentation gaps
  • Internal audit pressure on compliance completeness

Before vs. after

Before
MiFID II compliance feels fragmented, with reporting obligations scattered across teams and systems, leading to last-minute fixes and audit exposure.
After
You have a unified, authoritative grasp of MiFID II requirements, with documented workflows and templates to produce regulator-ready outputs on demand.

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 of focused reading and application, designed for completion over a weekend or extended lunch break.

If nothing changes
Without structured command of MiFID II, practitioners risk recurring audit findings, increased review cycles, and diminished influence in strategic compliance discussions. Regulatory scrutiny continues to intensify, and gaps in reporting or documentation can delay key initiatives.

How this compares to the alternatives

Unlike generic online courses, this program focuses exclusively on MiFID II implementation in global investment banks, with artifacts and workflows specific to firms like Macquarie. No theory, just applied knowledge on transaction reporting, best execution, and product governance.

Frequently asked

How is the course structured?
12 modules, each containing 12 chapters (144 chapters total).
Is this relevant for compliance professionals outside Europe?
Yes. Any firm doing business in Europe must comply with MiFID II. This course is designed for global compliance teams operating in multi-jurisdictional environments.
Will I receive a certification?
No. This is a mastery-focused course, not a certification prep program. You'll gain practical, applicable knowledge, not test-taking strategies.
$199 one-time. 90 minutes of focused reading and application, designed for completion over a weekend or extended lunch break..

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
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