A tailored course, built for your situation
Mastering MiFID II for Capital Markets Compliance Practitioners
Produce audit-ready compliance outputs with precision and consistency
$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 and inconsistent interpretations on MiFID II reporting
The situation this course is for
Compliance teams face increasing scrutiny on transaction data accuracy. Ambiguous interpretations lead to delayed submissions, reviewer back-and-forth, and avoidable audit findings. The cost isn’t just time, it’s trust in the team’s output.
Who this is for
Senior compliance practitioner in a global financial institution managing MiFID II reporting obligations with limited margin for error
Who this is not for
Entry-level analysts new to compliance, or executives seeking board-level summaries rather than implementation detail
What you walk away with
- Outputs that meet audit-grade standards on first submission
- Structured approach to interpreting reporting fields consistently
- Templates for transaction reporting workflows that reduce variance
- Fewer revision cycles with internal reviewers and external auditors
- Increased confidence in responding to follow-up questions
The 12 modules (with all 144 chapters)
Module 1. Core Principles of MiFID II Compliance
Establish a foundational understanding of MiFID II’s goals, scope, and reporting obligations specific to capital markets institutions.
12 chapters in this module
- Understanding the evolution from MiFID I to II
- Key objectives of enhanced market transparency
- Scope of firms and instruments covered
- Distinguishing between trading and post-trade obligations
- Role of NCAs and ESMA in enforcement
- Impact of Brexit on cross-jurisdictional reporting
- Identifying in-scope transactions and venues
- Client classification and its downstream effects
- Best execution requirements in practice
- Transaction reporting vs. trade reporting
- Obligations under Article 26 and RTS 23
- Common misconceptions about data ownership
Module 2. Transaction Reporting Requirements
Break down the detailed field-level requirements for reporting transactions under Annex II of RTS 23.
12 chapters in this module
- Full list of 60+ mandatory reporting fields
- Understanding Flag 7 and its implications
- Instrument identification using ISINs and SIIs
- Accurate timestamping to UTC precision
- Counterparty LEI requirements and validation
- Reporting OTC vs. exchange-traded trades
- Handling dark pool and systematic internaliser trades
- Trade aggregation and reportable events
- Post-trade lifecycle events reporting
- Correcting errors without triggering flags
- Determining the reporting entity in chain
- How timestamps affect audit reconciliation
Module 3. Data Sourcing and Lineage
Map data flows from execution to reporting with traceability and accountability.
12 chapters in this module
- Identifying primary source systems for each field
- Validating data completeness across subsystems
- Documenting data lineage for auditors
- Managing data gaps with fallback logic
- Ownership of data fields by function
- Reconciling trading system output with reports
- Automated checks for missing or null values
- Handling currency conversions in reporting
- Mapping EMIR data to shared fields
- Integrating voice trade capture workflows
- Audit trail requirements for manual overrides
- Data retention policies aligned to MiFID
Module 4. Accuracy of Reportable Fields
Ensure precision in critical reporting elements like price, quantity, and venue identifiers.
12 chapters in this module
- Validating price and volume formats
- Correct use of price notations and units
- Reporting currency vs. settlement currency
- Determining correct trading venue identifier
- Reporting for non-equity instruments
- Handling derivatives reporting under RTS 23
- Options reporting with correct strike data
- Bond and fixed income reporting specifics
- Repo transaction field mappings
- Identifying systematic internalisers correctly
- Flagging algorithmic execution
- Reporting mark-to-market valuations
Module 5. Client and Counterparty Identification
Implement robust processes for client onboarding and counterparty data capture.
12 chapters in this module
- Collecting client LEIs at onboarding
- Validating client classification status
- Handling retail vs. professional distinctions
- Counterparty type and legal form coding
- Third-country entity treatment
- Managing client data updates
- KYC linkage to transaction reporting
- Using FinCEN IDs where LEIs are missing
- Reporting anonymous clients under exemptions
- Handling joint accounts and omnibus reporting
- Client tax residency reporting requirements
- Documentation standards for exemption claims
Module 6. Timeliness and Submission Workflows
Ensure reports are submitted within T+1 with fail-safes for exceptions.
12 chapters in this module
- Defining T+1 based on execution time
- Timezone conversion rules for global trades
- Automated T+1 validation checks
- Handling trades executed after close
- Exception handling for late trades
- Batch vs. real-time submission models
- Monitoring pipeline latency
- Recovery procedures for failed submissions
- Logging and alerting on submission gaps
- Coordination between trading and compliance
- Vendor SLAs for reporting platforms
- Audit checks for timeliness compliance
Module 7. Error Handling and Corrections
Respond to reporting errors with corrections that meet regulator expectations.
12 chapters in this module
- Identifying reportable error types
- Differentiating correction vs. update
- Using Action Type codes correctly
- Correcting missing vs. inaccurate data
- Impact of late corrections on audits
- Documenting root cause of errors
- Process for internal error escalation
- Validity checks before resubmission
- Tracking correction success rates
- Avoiding duplicate report submission
- Working with trading desks on fixes
- Evidence retention for correction logs
Module 8. Internal Review and Audit Readiness
Prepare for audits with self-validating workflows and complete documentation.
12 chapters in this module
- Building internal review checklists
- Sampling procedures for quality assurance
- Preparing for on-site regulator visits
- Documenting interpretation rationale
- Maintaining version control on mappings
- Training reviewers on key fields
- Creating evidence packages for auditors
- Using templates for consistency
- Responding to follow-up questions
- Benchmarking against peer institutions
- Internal reporting on defect rates
- Audit trail requirements for changes
Module 9. Cross-Border and Multi-Jurisdiction Reporting
Navigate complexities when trades span multiple regulatory regimes.
12 chapters in this module
- Determining primary reporting obligation
- Cooperation between home and host regulators
- Reporting third-country trading venues
- Substituted compliance considerations
- Handling US persons in MiFID workflows
- Data localization implications
- Cross-border data transfer rules
- Reporting branch vs. subsidiary activity
- Dual reporting overlaps with EMIR
- Interpreting double counting rules
- Country-by-country reporting thresholds
- Coordination with global compliance teams
Module 10. Vendor and Third-Party Management
Ensure outsourced reporting workflows meet compliance standards.
12 chapters in this module
- Assessing vendor reporting accuracy
- Due diligence on third-party providers
- Service level agreements for reporting
- Monitoring vendor defect rates
- Back-up processes for vendor failure
- Data sharing agreements with safeguards
- Segregation of duties in vendor models
- Audit access to vendor systems
- Change management for vendor updates
- Escalation paths for reporting issues
- Transition planning between vendors
- Cost-benefit analysis of in-house vs. outsourced
Module 11. Regulator Engagement and Expectations
Anticipate questions and build credibility through structured responses.
12 chapters in this module
- Understanding ESMA’s supervisory priorities
- Recent focus on data completeness
- Common findings in regulator reports
- Preparing for thematic reviews
- Responding to data calls
- Documenting interpretation rationale
- Engaging with NCAs proactively
- Benchmarking against enforcement actions
- Building relationships with examiners
- Using past findings to improve
- Aligning with international standards
- Demonstrating continuous improvement
Module 12. Sustaining Compliance Excellence
Institutionalize quality reporting practices across teams and systems.
12 chapters in this module
- Creating living implementation playbooks
- Training new hires on reporting rules
- Knowledge transfer between tenures
- Integrating updates into workflows
- Monitoring regulatory change pipelines
- Implementing automated alerts
- Feedback loops from reviewers
- Leadership reporting on quality metrics
- Continuous improvement cycles
- Scaling practices across asset classes
- Documentation that survives turnover
- Building internal subject matter experts
How this maps to your situation
- Current MiFID II reporting cycle
- Upcoming regulatory review timeline
- Internal audit preparation
- Cross-jurisdictional trade expansion
Before vs. after
Before
Relying on fragmented documentation and inconsistent interpretations for MiFID II reporting.
After
Producing accurate, auditable, and defensible reports using standardized templates and clear rationale.
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: Approximately 90 minutes per week over 12 weeks, or accelerated based on individual pace.
If nothing changes
Continuing with inconsistent or incomplete reporting increases exposure to regulatory findings, rework, and reputational risk during audits.
How this compares to the alternatives
Unlike generic compliance webinars or dense regulatory PDFs, this course delivers structured, field-specific guidance with practical templates and implementation steps tailored to capital markets workflows.
Frequently asked
Is this course focused on MiFID II or MiFIR?
The course emphasizes MiFID II reporting obligations under Annex II of RTS 23, with references to MiFIR where applicable for context.
How is the course structured?
12 modules, each containing 12 chapters (144 chapters total).
Will this help with internal auditor questions?
Yes, each module includes templates and rationale documentation that strengthen internal reviews and pre-audit preparation.
$199 one-time. Approximately 90 minutes per week over 12 weeks, or accelerated based on individual pace..
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