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FIN9727 Mastering MiFID II for Institutional Equities Practitioners

$199.00
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A tailored course, built for your situation

Mastering MiFID II for Institutional Equities Practitioners

Produce audit-ready trade reporting and compliance artefacts with precision, first time.

$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.
Trade reporting packages that pass internal and regulator review the first time, no rework, no last-minute fixes, no cross-desk chasing.

The situation this course is for

MiFID II compliance isn't failing, it's fracturing under volume. Teams spend cycles reconciling interpretations of RTS 27, transaction reporting templates, and post-trade transparency thresholds. The cost isn't just time; it's credibility when findings resurface in supervisory dialogues. The goal isn't survival, it's producing outputs so accurate and well-documented that they become reference-grade across the firm.

Who this is for

Senior compliance-adjacent practitioner in institutional equities at a global investment bank. Owns or contributes to MiFID II reporting cycles. Values precision, efficiency, and artefact quality under tight deadlines. Not a junior analyst, not a board member , a working expert who delivers under scrutiny.

Who this is not for

This course is not for entry-level analysts seeking introductory MiFID II overviews, compliance officers at non-investment firms, or professionals outside capital markets. It’s not for those looking for high-level policy summaries or board-level talking points.

What you walk away with

  • Produce MiFID II trade reporting packages that pass internal audit and regulator review on first submission
  • Reduce post-cycle rework by applying a structured, evidence-backed interpretation framework
  • Build traceable, source-anchored rationales for transaction classification and transparency thresholds
  • Deliver consistent outputs even under rotating team members or shifting regulatory emphasis
  • Establish a documented, repeatable process that survives leadership changes and desk restructurings

The 12 modules (with all 144 chapters)

Module 1. Understanding MiFID II’s Core Reporting Obligations
Lay the foundation with a clear breakdown of RTS 27 and RTS 28 requirements, focusing on transaction reporting, post-trade transparency, and the distinction between systematic internalisers and regulated venues.
12 chapters in this module
  1. Overview of MiFID II and its impact on institutional equities
  2. Key differences between MiFID I and MiFID II reporting standards
  3. Scope of regulated financial instruments under MiFID II
  4. Understanding the role of National Competent Authorities
  5. The purpose and structure of RTS 27 and RTS 28
  6. Transaction reporting requirements under Article 26
  7. Post-trade transparency obligations for equity and non-equity instruments
  8. Systematic Internaliser (SI) determination and reporting
  9. Calculating trading obligation thresholds for liquidity providers
  10. Identifying reportable events and lifecycle changes
  11. Data fields required in transaction reports under Table 1
  12. Timing and frequency of report submissions to regulators
Module 2. Trade Reporting Under RTS 27
Walk through the structure of RTS 27 transaction reports, including required data fields, validation rules, and common failure points in submission workflows.
12 chapters in this module
  1. Breakdown of Table 1 transaction report fields
  2. Entity identifier standards: LEI, MIC, ISIN
  3. Reporting trade timestamp and execution venue
  4. Handling algorithmic trading identifiers
  5. Classifying trade side: buy, sell, or cross
  6. Reporting price, quantity, and currency accurately
  7. Determining reportable notional value thresholds
  8. Validating trade venue classification codes
  9. Managing partial fills and corrections
  10. Using AFIR codes for reporting purposes
  11. Common data quality issues in RTS 27 submissions
  12. Tools for automated validation of trade reports
Module 3. Post-Trade Transparency and Liquidity
Explore how MiFID II defines liquidity and transparency, including waivers, pre-trade transparency requirements, and the role of Approved Publication Arrangements.
12 chapters in this module
  1. Defining liquid and non-liquid financial instruments
  2. Transparency calculations under Article 18
  3. The role of APAs in disseminating trade data
  4. Publication timelines for on-venue and off-venue trades
  5. Applying liquidity waivers correctly
  6. Reporting off-order book transactions
  7. Determining large-in-size (LIS) thresholds
  8. Negotiated transaction reporting requirements
  9. Understanding dark pool reporting obligations
  10. Handling non-displayed quotes and quote suppression
  11. Compliance with APA data formatting rules
  12. Monitoring transparency breaches and corrective actions
Module 4. Systematic Internaliser Reporting
Detail the obligations for firms acting as Systematic Internalisers, including determination, reporting, and publication requirements.
12 chapters in this module
  1. Criteria for Systematic Internaliser classification
  2. Calculating 4% trading volume threshold
  3. Reporting obligations for SIs under Article 17
  4. Publication of quotes for SI venues
  5. Minimum quote size and frequency rules
  6. Handling SI status across multiple jurisdictions
  7. Reporting trades executed as an SI
  8. Transparency requirements for SI trades
  9. Interactions between SI status and trading obligation
  10. Regulatory scrutiny of SI determination logic
  11. Documentation required for SI status validation
  12. Responding to regulator inquiries about SI classification
Module 5. Transaction Reporting Workflow Design
Design a robust, error-resistant transaction reporting workflow from trade capture to regulator submission, including validation checkpoints and audit trails.
12 chapters in this module
  1. Mapping trade lifecycle to reporting events
  2. Integrating front-office systems with reporting engines
  3. Automating LEI and counterparty data lookup
  4. Validating trade classification codes
  5. Handling corrections and cancellations
  6. Building in pre-submission validation rules
  7. Logging decision rationale for edge cases
  8. Assigning ownership across reporting stages
  9. Designing for scalability during peak volumes
  10. Incorporating regulator feedback loops
  11. Documenting exception handling procedures
  12. Testing reporting workflows under stress scenarios
Module 6. Data Quality and Validation Techniques
Apply advanced data validation methods to ensure MiFID II reporting accuracy, reduce rework, and build confidence in output quality.
12 chapters in this module
  1. Common data quality issues in trade reporting
  2. Validating LEI format and registration status
  3. Cross-checking MIC codes against venue lists
  4. Ensuring ISIN accuracy for complex instruments
  5. Detecting and resolving timestamp inconsistencies
  6. Validating price and quantity fields for outliers
  7. Using reference data from ESMA and NCAs
  8. Automated validation using rule-based engines
  9. Manual verification protocols for edge cases
  10. Tracking error rates by trade type and desk
  11. Benchmarking data quality against peer firms
  12. Reporting data quality metrics to compliance leads
Module 7. Audit-Ready Documentation Practices
Create documentation that stands up to internal and regulator scrutiny, with clear rationale, source references, and traceability.
12 chapters in this module
  1. Structuring audit-ready reporting narratives
  2. Documenting interpretation of ambiguous rules
  3. Referencing ESMA Q&A and regulatory guidance
  4. Maintaining version control for policies
  5. Capturing decision rationale for exceptions
  6. Using templates for consistent documentation
  7. Organizing evidence for on-site inspections
  8. Preparing for regulator follow-up questions
  9. Linking documentation to transaction records
  10. Training new team members on documentation standards
  11. Updating documentation after regulatory changes
  12. Archiving records for audit retention periods
Module 8. Handling Regulatory Changes and Updates
Stay ahead of MiFID II revisions and technical standards updates with a proactive monitoring and implementation process.
12 chapters in this module
  1. Tracking ESMA and NCA consultation papers
  2. Subscribing to regulatory update services
  3. Assessing impact of proposed changes
  4. Engaging legal and compliance on interpretations
  5. Updating internal policies and workflows
  6. Testing changes in staging environments
  7. Communicating updates to trading desks
  8. Training teams on revised reporting rules
  9. Documenting implementation timelines
  10. Preparing for transitional reporting periods
  11. Responding to enforcement actions
  12. Building a change readiness checklist
Module 9. Cross-Border Reporting Challenges
Navigate MiFID II obligations across multiple jurisdictions, including equivalence assessments, third-country rules, and reporting to non-EU regulators.
12 chapters in this module
  1. Understanding MiFID II applicability outside EU
  2. Reporting obligations for UK-based entities
  3. Dealing with Brexit-related regulatory divergence
  4. Third-country firm reporting under Article 22
  5. Equivalence assessments for non-EU markets
  6. Handling US trade reporting overlaps
  7. Coordinating with APAC compliance teams
  8. Managing time zone challenges in reporting
  9. Aligning with local regulator expectations
  10. Documenting cross-border reporting logic
  11. Responding to multi-jurisdictional audits
  12. Consolidating reporting for global desks
Module 10. Leveraging Technology for Compliance
Use technology to automate MiFID II reporting, reduce manual effort, and improve accuracy through integrated systems and validation tools.
12 chapters in this module
  1. Evaluating trade reporting platforms
  2. Integrating with existing OMS and EMS
  3. Using APIs for real-time validation
  4. Automating LEI and counterparty lookups
  5. Building custom validation rules
  6. Monitoring system performance and uptime
  7. Ensuring data privacy and security
  8. Auditing system changes and updates
  9. Using dashboards for reporting oversight
  10. Scaling infrastructure for peak loads
  11. Managing vendor relationships
  12. Cost-benefit analysis of automation
Module 11. Internal Governance and Oversight
Establish strong internal governance for MiFID II compliance, including roles, responsibilities, and escalation paths for reporting issues.
12 chapters in this module
  1. Defining compliance ownership across desks
  2. Establishing escalation procedures
  3. Conducting regular compliance reviews
  4. Reporting to senior management
  5. Integrating MiFID II into risk frameworks
  6. Managing internal audits
  7. Responding to findings and recommendations
  8. Training staff on reporting obligations
  9. Maintaining compliance culture
  10. Tracking KPIs and metrics
  11. Updating policies after incidents
  12. Ensuring continuity during staff changes
Module 12. Future-Proofing Your Reporting Framework
Build a sustainable, adaptable MiFID II compliance framework that evolves with regulatory and market changes.
12 chapters in this module
  1. Assessing long-term regulatory trends
  2. Building modular reporting systems
  3. Designing for interoperability
  4. Incorporating feedback loops
  5. Investing in staff development
  6. Benchmarking against industry leaders
  7. Adopting emerging best practices
  8. Engaging with industry working groups
  9. Planning for regulatory tech adoption
  10. Ensuring knowledge transfer
  11. Documenting institutional memory
  12. Creating a living compliance framework

How this maps to your situation

  • MiFID II reporting under audit pressure
  • Cross-jurisdictional trade reporting
  • High-volume transaction environments
  • Regulatory change adaptation cycles

Before vs. after

Before
Spending cycles on rework, chasing missing data, and defending inconsistent interpretations during compliance reviews.
After
Producing regulator-ready MiFID II reports with confidence, traceability, and minimal review time , every time.

What's included with your purchase

  • 12 modules with 12 chapters each (144 chapters total)
  • 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: Approximately 90 minutes per week over six weeks, with self-paced access to all materials.

If nothing changes
Continuing with fragmented or inconsistent MiFID II reporting increases the likelihood of regulatory findings, reputational damage, and operational inefficiencies that compound under scrutiny.

How this compares to the alternatives

Unlike generic MiFID II overviews or university courses, this program is built for practitioners who need to produce accurate, audit-ready outputs , not just understand the rules. It focuses on real-world application, traceable documentation, and reducing rework, not theoretical compliance.

Frequently asked

Is this course suitable for non-EU firms?
Yes. While MiFID II is an EU regulation, its reporting expectations impact global firms trading in EU markets. The course includes guidance on cross-border applicability and third-country rules.
How is the course structured?
12 modules, each containing 12 chapters (144 chapters total).
Will this help with RTS 27 and RTS 28 compliance?
Yes. The course provides detailed walkthroughs of RTS 27 and RTS 28 reporting requirements, including data fields, validation rules, and submission workflows.
$199 one-time. Approximately 90 minutes per week over six weeks, with self-paced access to all materials..

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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