A tailored course, built for your situation
Deeper command of the MiFID II transaction reporting framework
Master the underlying structure, requirements, and implementation patterns of MiFID II transaction reporting with precision
$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 leaves practitioners exposed to interpretation drift during regulator reviews
The situation this course is for
Most teams rely on surface-level summaries of MiFID II that crumble under follow-up questioning. Without deep command of the technical standards, reporting becomes reactive, inconsistent, and vulnerable to escalation.
Who this is for
Senior compliance practitioner at a global financial institution responsible for transaction reporting accuracy and audit readiness
Who this is not for
Entry-level analysts, junior operations staff, or teams looking for high-level overviews of MiFID II
What you walk away with
- Full internalisation of MiFID II RTS 22 and RTS 28 requirements
- Ability to map raw trade data to ESMA templates without intermediaries
- Confidence in articulating reporting logic during regulator inquiries
- Precise understanding of when and how to apply double volume cap rules
- Reusable templates for trade reporting validation and exception resolution
The 12 modules (with all 144 chapters)
Module 1. MiFID II transaction reporting scope and asset coverage
Define which instruments and venues fall under RTS 22 and RTS 28 reporting. Understand the asset-class boundaries and exemptions that shape reporting duty.
12 chapters in this module
- Instrument eligibility under MiFID II
- Trading venue classifications
- Derivatives vs non-derivatives
- Exemptions and exclusions
- Systematic internaliser status
- Dark pool reporting thresholds
- Post-trade transparency waivers
- Intragroup transaction rules
- Third-country instrument treatment
- Currency and settlement exceptions
- Non-equity reporting scope
- Reporting obligation triggers
Module 2. RTS 22 data field specifications
Break down each data point in the RTS 22 report template, including exact definitions, formatting rules, and sourcing logic.
12 chapters in this module
- Timestamp precision requirements
- Client ID mapping logic
- Account number validation
- Order reference traceability
- Execution timestamp rules
- Price and quantity formatting
- Currency conversion timing
- Transaction type codes
- Short sale indicators
- Liquidity provider or taker flags
- Aggressor indicator logic
- Transaction ID uniqueness
Module 3. RTS 28 data field specifications
Master the structure of RTS 28 periodic reports, including data aggregation rules, thresholds, and disclosure formatting.
12 chapters in this module
- Order type classification
- Order flow percentage thresholds
- Trading venue categorisation
- Multilateral systems reporting
- Average execution quality metrics
- Price improvement disclosures
- Transaction cost analysis scope
- Data aggregation frequency
- Venue-level reporting
- Report publication timing
- Currency breakdowns
- Client group segmentation
Module 4. Double volume cap mechanism
Understand how trading venues calculate and enforce the double volume cap under Article 5 of RTS 22, including exemptions and monitoring.
12 chapters in this module
- Derivative class thresholds
- Single name exposure limits
- Trading venue responsibility
- Cap calculation methodology
- Exemption applications
- Monitoring obligation triggers
- Position reporting alignment
- Intra-firm aggregation rules
- Client-level reporting
- Temporary exemptions process
- Cap breach notifications
- Enforcement responses
Module 5. Transaction reporting timelines and latency
Map the exact T+1 reporting cycle, exception handling, and latency expectations across clearing, settlement, and execution events.
12 chapters in this module
- T+0 vs T+1 reporting
- Execution time capture
- Clearing and settlement lag
- Post-trade event sequencing
- Correction window timing
- Late reporting penalties
- Data freshness thresholds
- Clock synchronisation standards
- Time zone alignment
- Event logging precision
- Trade date vs execution date
- Exception correction timelines
Module 6. Client classification and identification
Map legal entity identifiers, client types, and ownership structures to reporting fields.
12 chapters in this module
- LEI code validation
- Client type definitions
- Professional vs retail classification
- Eligible counterparty status
- Group entity mapping
- Third-country client rules
- Ultimate parent identification
- Beneficial ownership tracing
- Investment firm categorisation
- Fund structure reporting
- Master-feeder identification
- Client status changes
Module 7. Trade reporting validation and error handling
Build repeatable checks for data accuracy, completeness, and format compliance before submission.
12 chapters in this module
- Schema validation rules
- Mandatory field checks
- Data format compliance
- Cross-field consistency
- Error code mapping
- Rejection pattern analysis
- Duplicate detection logic
- Missing data flags
- Data reconciliation steps
- Automated validation scripts
- Exception escalation paths
- Log retention timing
Module 8. Regulatory audit preparation
Prepare for ESMA and national regulator inquiries with documented rationale and traceable data flows.
12 chapters in this module
- Regulator inquiry response
- Data source documentation
- Change control tracking
- Audit trail preservation
- Rationale for exemptions
- Internal review logs
- Reporting logic diagrams
- Staff interview preparation
- Evidence pack assembly
- Follow-up question handling
- Timeline reconstruction
- Third-party verification
Module 9. Cross-border reporting harmonisation
Navigate reporting obligations across EU, UK, and third-country regimes.
12 chapters in this module
- EU vs UK divergence
- Third-country application
- Substituted compliance
- Local regulator alignment
- Data sovereignty rules
- Cross-border data flows
- Jurisdictional overlap
- Grandfathering rules
- Territorial scope
- Enforcement cooperation
- Regulatory equivalence
- Local reporting templates
Module 10. Internal control frameworks for reporting
Design governance layers that ensure consistency, accountability, and traceability across transaction reporting.
12 chapters in this module
- Role separation design
- Approval workflow logic
- Data ownership rules
- Change management
- Version control
- Policy documentation
- Staff training cycles
- Control testing
- Reporting lineage
- Exception logging
- Audit readiness checks
- Escalation protocols
Module 11. Technology system integration
Align trade capture, order management, and reporting systems to support automated, accurate submissions.
12 chapters in this module
- System-to-system mapping
- API integration design
- Data flow architecture
- Field-to-field alignment
- Automated validation logic
- Error alerting
- Reconciliation schedules
- Downtime handling
- Vendor system compliance
- Middleware configuration
- Legacy system adaptation
- Data transformation rules
Module 12. Ongoing compliance monitoring
Implement continuous checks to maintain reporting accuracy and adapt to regulatory changes.
12 chapters in this module
- Daily reconciliation
- Threshold monitoring
- Volume anomaly detection
- Regulatory update tracking
- Internal audit cycles
- Peer benchmarking
- Staff turnover resilience
- Knowledge transfer plans
- Framework refresh timing
- Stakeholder reporting
- Regulatory change alerts
- Compliance calendar
How this maps to your situation
- After regulator inquiry
- Before audit cycle
- During system integration
- When onboarding new asset classes
Before vs. after
Before
Reliant on fragmented guidance and reactive interpretations of MiFID II reporting requirements
After
Owns the full transaction reporting framework end to end with documented, regulator-ready 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 24 hours of self-paced study, designed to fit within two weeks of part-time engagement
If nothing changes
Without command of the full MiFID II reporting structure, teams risk inconsistent submissions, escalated reviews, and reputational exposure during audits.
How this compares to the alternatives
Compared to generic compliance training, this course delivers specific mastery of MiFID II transaction reporting with exact data mappings, regulator-tested examples, and implementation-ready templates.
Frequently asked
How is the course structured?
12 modules, each containing 12 chapters (144 chapters total).
Does this course cover RTS 22 and RTS 28 in depth?
Yes, each reporting template is broken down field by field with sourcing logic and compliance rationale.
Is this relevant for UK and EU reporting?
Yes, the course addresses divergence and harmonisation between UK and EU regimes under MiFID II.
$199 one-time. Approximately 24 hours of self-paced study, designed to fit within two weeks of part-time engagement.
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