Introduction to European Regulation
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Other Registration Options & Cancellation Policy
Tentative 2010 Course Agenda (PDF 25 KB)
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This course qualifies for FINRA Institute at Wharton Certified Regulatory and Compliance Professional™ (CRCP™) credit for candidates who have taken courses prior to January 2007. Participants taking the course who are not CRCP Program candidates prior to January 2007 are not required to take the assessment exercise and will not earn CRCP credit.
Course Description
This course covers European regulation relevant to U.S. securities firms operating in the European Union (E.U.) or interacting with counterparties in the E.U., and serves as an interactive forum to better understand legal and regulatory applications. The curriculum covers the rules and regulations most relevant to investment firms (broker-dealers and advisers) doing business into the U.K. and across Europe: the Markets in Financial Instruments Directive (MiFID) and the Market Abuse Directive. The course looks at the fundamental issues of conducting business on a cross-border basis in Europe, and uses clear, practical examples of how today’s firms manage the interaction between rules applicable to U.S. parent firms, and those rules governing securities business in the U.K. and Europe. The final session focuses on the trans-Atlantic management of best execution and conflicts.
After completing this course, you will be able to:
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Understand the process for how the EU implements its various Directives
- Understand the scope of regulated activities for investment firms and investment activities
- Outline organizational requirements for firms operating under MiFID
- Explain requirements for internal audit, risk and compliance functions
- Explain the E.U.’s rules and practicalities around “best execution”
- Discuss the possible challenges associated with conducting business in E.U. countries
- Explain key differences among the three MiFID client classifications
- Recognize the challenges and importance of the Market Abuse Directive
- Discuss enforcement and lessons learned from recent U.K. and E.U. cases
Only FINRA’s Annual Conference is open to the media. All other FINRA conferences, pre-conferences, classroom learning, compliance boot camps and FINRA Institute at Wharton are closed to the media.
