MiFID II: A Survival Guide

Financier Press published MiFID II: A Survival Guide. It was an instant success becoming the bestselling MiFID II book in the world. It became the de facto reference point for Program Managers in tier-1 banks.

It is currently available for purchase on Amazon.

Contents

ABOUT Seb Malik
Contents
Introduction
How to use this guide
1 What is MIFIDII?
Benefits
MiFIR Vs MIFIDII
Why the need for MIFIDII?
Objectives of MIFIDII
Definitions
2 Timeline
Recent Timeline
Key Future Dates
Brexit
3 Overview
Scope: Who does this apply to?
Principle exemptions
Trading Venues (RM, MTF, OTF)
Systematic Internaliser (SI)
4 Trade Transparency, Transaction Reporting & Market Data
PRE-TRADE Transparency
Equity on Trading Venue
Equity on SIs
Non-Equity on Trading Venue
Non-Equity on SI
POST-TRADE Transparency
Equity on TV (and INVF trading outside TV), SIs
Non-Equity on TV (and INVF outside TV), SIs
Common to PRE and POST Transparency
Consolidated Tape
Determining liquidity
Daily Transaction Reporting
Reference Data
Retention of transaction and order Data
5 Trading & Execution
Trading Obligation & Derivatives Clearing (EMIR)
Derivatives Clearing
Client Order Handling
Best execution
Quality of Execution Reporting, INVFs
Quality of Execution Reporting, Trading Venues
INVF Reporting Executions to Clients
Clock Synchronisation
6 Algorithmic Trading
Definitions
Market Making
General Governance
Staff
Testing
Deployment & Post-Deployment
Pre-trade Controls
Misc.
7 Investor Protection
Client Categorisation
Marketing Communication
General
Suitability assessment of client
Appropriateness
Costs and Charges
Tied Agents
Safeguarding Client Funds
Safeguarding client funds reporting obligations
Client statement reporting
8 Investment Advice
Independent Basis
Inducements
9 Research
Inducements
Research Payment Account (RPA)
Commission Sharing Agreement (CSA)
Conflict of Interest
10 Product Governance
11 Commodity Derivatives
Position Reporting
Position Management Powers
12 Technical Specifications
List of RTSs and ITSs
13 Resources
Websites
Key Texts
14 Bibliography
15 References