A tailored course, built for your situation
Mastering MiFID II for Financial Services Compliance Practitioners
Build precision in transaction reporting, trade surveillance, and best execution with clarity that holds up under 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.
Avoiding rework in MiFID II reporting cycles due to inconsistent interpretations or missing data fields
The situation this course is for
Even highly capable teams face repeated review loops when MiFID II outputs lack alignment between legal intent, system capture, and audit formatting. This course eliminates those gaps with standardized, forward-tested workflows.
Who this is for
Compliance practitioner in global financial services firm, focused on transaction reporting, trade surveillance, and regulatory evidence packaging
Who this is not for
Senior executives looking for board-level summaries, developers building trade APIs, or firms outside regulated financial markets
What you walk away with
- Produce MiFID II-compliant reports that pass internal review the first time
- Apply a repeatable checklist for RTS 28 and RTS 27 reporting cycles
- Integrate precise trade data fields into surveillance workflows without rework
- Reference exact EBA guidance positions for contentious classification calls
- Confidently defend trade execution logs against auditor follow-up
The 12 modules (with all 144 chapters)
Module 1. Foundations of MiFID II and the the current cycle Investment Firms Directive
Establish core compliance obligations including product governance, best execution, and transaction reporting thresholds for multi-jurisdictional platforms.
12 chapters in this module
- Defining the scope of MiFID II applicability for non-EU firms with EU clients
- Key differences between MiFID I and MiFID II reporting structures
- Understanding dual regulation under MiFID II and national competent authorities
- Identifying firms and services requiring authorization under Title II
- Simplifying the compliance matrix for derivatives and non-equity instruments
- Mapping Article 4 exemptions for market makers and proprietary traders
- Tracking the evolution of RTS and ITS technical standards since the current cycle
- Classifying financial instruments under MiFID II Annex I categories
- Determining when inducements are permitted under Article 22
- Assessing the role of third-country equivalence in cross-border access
- Implementing the five-step process for client categorization
- Documenting legal entity identifiers and recordkeeping obligations
Module 2. Transaction Reporting Requirements and Instrument Identification
Ensure accurate and complete transaction reports using ESMA standards for instrument identification and event coding.
12 chapters in this module
- Assigning correct UTI and TRN identifiers across reporting entities
- Parsing the requirements for reporting under Table 1 and Table 2
- Using LEI codes correctly for reporting counterparties
- Applying ISO standards for currency and asset class codes
- Handling non-MiFIR venues and systematic internalisers
- Reporting non-equity instruments under MiFID II Annex I
- Validating trade timestamp precision with UTC time zones
- Classifying transactions as on-venue, off-venue, or SI trading
- Calculating post-trade transparency thresholds for bonds
- Determining when waivers to publication apply
- Documenting algorithmic trading flags under Article 17
- Using ESMA’s XML schema for report submission
Module 3. Best Execution Policy Development and Evidence Collection
Build defensible best execution frameworks with multi-venue analysis and documented broker selection rationale.
12 chapters in this module
- Structuring Article 27 compliance across equities and fixed income
- Gathering historical venue performance metrics for each client type
- Integrating liquidity, price, and cost factors into decision weights
- Documenting broker selection criteria without bias
- Updating best execution policies for non-equity instruments
- Applying transaction cost analysis across dark pool participation
- Capturing pre-trade and post-trade transparency availability
- Evaluating the impact of payment for order flow
- Using third-party benchmarks to validate execution quality
- Producing jurisdiction-specific annexes for cross-border clients
- Maintaining evidence logs through annual review cycles
- Auditing broker performance against stated selection criteria
Module 4. Trade Surveillance Thresholds and Alert Tuning
Optimize trade monitoring systems to reduce false positives while capturing genuine market abuse indicators.
12 chapters in this module
- Setting thresholds for volume deviation alerts
- Adjusting sensitivity for delta-neutral trading strategies
- Incorporating market volatility into anomaly detection
- Calibrating layering and spoofing detection logic
- Validating insider list monitoring accuracy
- Linking trading activity to employee watchlists
- Monitoring for cross-product manipulation patterns
- Assessing after-hours trading behavior
- Testing alert logic against historical abuse cases
- Documenting false positive review cycles
- Producing audit-ready surveillance reports
- Integrating non-trading data into monitoring systems
Module 5. Product Governance and Target Market Assessment
Align product design and distribution strategies with MiFID II product approval requirements.
12 chapters in this module
- Defining target market characteristics for structured products
- Assessing appropriateness for retail and professional clients
- Documenting distribution channels and third-party distributors
- Reviewing periodic performance against target market outcomes
- Applying retroactive reviews for underperforming products
- Updating target market definitions post-launch
- Incorporating sustainability factors into product approval
- Assessing leverage limits for CFDs and options
- Capturing client feedback into product governance
- Evaluating new product approvals under Article 25
- Mapping product governance to internal risk committees
- Using performance dashboards for ongoing monitoring
Module 6. Inducements and Conflicts of Interest Management
Design compliant arrangements for research payments and client incentives while avoiding regulatory scrutiny.
12 chapters in this module
- Structuring compliant research payment agreements
- Applying the de minimis threshold for minor benefits
- Separating research payments from execution commissions
- Documenting internal allocation of research budgets
- Reviewing third-party research provider independence
- Creating policies for non-monetary benefits
- Setting thresholds for permissible gifts and hospitality
- Tracking employee disclosures of received benefits
- Auditing relationships with research providers
- Updating inducement policies for new service types
- Integrating inducement rules into onboarding workflows
- Producing transparent disclosures for retail clients
Module 7. Recordkeeping and Evidence Retention for Regulatory Inquiries
Maintain audit-ready records that satisfy EBA and national regulator demands during investigations.
12 chapters in this module
- Defining minimum record retention periods by instrument type
- Storing electronic communications under Article 16
- Securing cloud-based record storage with access logs
- Indexing trade data for rapid regulator query response
- Linking order data to execution and reporting records
- Preserving algorithmic trading strategy documentation
- Validating data integrity across backup systems
- Redacting personal data in cross-border record sharing
- Producing read-only access for internal audit teams
- Using time-stamped logs for event reconstruction
- Preparing automated data extracts for regulator requests
- Testing retrieval speed under load conditions
Module 8. Compliance Monitoring and Internal Audit Integration
Embed compliance checks into daily operations with automated monitoring and escalation paths.
12 chapters in this module
- Scheduling periodic transaction reporting validations
- Automating gap detection in UTI and TRN assignment
- Integrating compliance checks into trade lifecycle systems
- Setting up alerts for missing best execution updates
- Reviewing trade surveillance tuning quarterly
- Auditing product governance file completeness
- Tracking employee training against MiFID II modules
- Validating client categorization accuracy
- Monitoring changes to conflicts of interest policies
- Escalating findings to compliance leadership
- Documenting corrective actions for audit trail
- Producing internal review scorecards
Module 9. Client Categorization and Appropriateness Assessments
Implement accurate client classification workflows that stand up to regulatory scrutiny.
12 chapters in this module
- Defining retail, professional, and eligible counterparty statuses
- Assessing client sophistication for classification
- Documenting written agreements for professional status
- Reviewing client status annually or after major changes
- Applying appropriateness tests for complex products
- Capturing client knowledge and experience evidence
- Providing negative feedback when products are inappropriate
- Storing client classification decisions securely
- Updating forms for new product types
- Integrating client data into CRM systems
- Training relationship managers on classification rules
- Auditing sample classifications annually
Module 10. Cross-Border Distribution and Third-Country Access
Navigate compliance when distributing financial products across jurisdictions with divergent rules.
12 chapters in this module
- Assessing equivalence decisions for third-country firms
- Applying national private placement regimes
- Registering with host state regulators under MiFIR
- Managing marketing communications across jurisdictions
- Translating disclosures to local language and standards
- Monitoring changes in home country authorization
- Evaluating Brexit impacts on UK-EU distribution
- Handling dual regulatory reporting requirements
- Using passporting rights under Article 34
- Withdrawing from non-viable markets efficiently
- Documenting cross-border compliance decisions
- Updating distribution policies quarterly
Module 11. Algorithmic and High-Frequency Trading Controls
Implement technical and organizational controls for algorithmic trading systems under MiFID II.
12 chapters in this module
- Registering algorithmic trading systems with regulators
- Setting pre-trade risk checks for order flow
- Monitoring system capacity and resilience
- Implementing kill switches and circuit breakers
- Testing algorithms in pre-production environments
- Documenting strategy logic for audit purposes
- Limiting market impact through order size controls
- Ensuring data consistency across trading instances
- Validating backtesting results against live performance
- Reviewing code changes for unintended behavior
- Auditing algorithm updates by compliance team
- Producing incident response playbooks
Module 12. Regulatory Engagement and Response Readiness
Prepare for regulatory inquiries with structured documentation and rapid response workflows.
12 chapters in this module
- Structuring the response team for EBA inquiries
- Creating standardized templates for common questions
- Validating data completeness before submission
- Coordinating input from legal, compliance, and operations
- Applying consistent definitions across responses
- Reviewing draft responses for accuracy
- Maintaining version control on all submissions
- Tracking deadlines with automated reminders
- Documenting decisions on borderline cases
- Preserving non-public information securely
- Conducting mock inquiry drills annually
- Improving processes based on regulator feedback
How this maps to your situation
- Transaction reporting precision
- Best execution documentation
- Trade surveillance tuning
- Regulatory inquiry readiness
Before vs. after
Before
Spending extra cycles refining MiFID II outputs due to unclear interpretation paths and inconsistent evidence packaging
After
Producing clean, defensible reports on first pass with standardized templates and cross-checked logic
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 total, designed for completion over a single weekend with immediate application to current reporting cycles
If nothing changes
Continued exposure to review loops, internal audit findings, and potential EBA scrutiny due to inconsistent application of RTS standards
How this compares to the alternatives
Unlike generic compliance overviews, this course delivers line-by-line interpretation of MiFID II Articles and RTS standards with exact templates used by top-tier firms to pass EBA reviews on first submission.
Frequently asked
Is this course focused on MiFID II or MiFIR?
The course centers on MiFID II obligations including transaction reporting, best execution, and product governance, with selective integration of MiFIR reporting standards where applicable.
How is the course structured?
12 modules, each containing 12 chapters (144 chapters total).
Can I use the templates in my current workflow?
Yes, all templates are designed for immediate use in financial services compliance environments and align with ESMA documentation standards.
$199 one-time. 90 minutes total, designed for completion over a single weekend with immediate application to current reporting cycles.
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