1
Type Speaker CPD Hours Level
Webinar
& DVD
1.25 IntermediateInformation

Introduction

This webinar is aimed at firms that provide advisory investment management for client funds typically held on a platform and would like to learn more about what would be involved in obtaining permission for discretionary investment management.

Perhaps your firm has considered moving to discretionary services but has been put off by the knowledge of becoming fully subject to the Markets in Financial Instrument Directive and associated regulations and the Capital Requirements Regulations.

The webinar explains, clearly and succinctly, the key differences between an advisory firm (MiFID Optional Exemption Firm) and a firm with permission to manage the investments with discretion (BIPRU firm).

What You Will Learn

This webinar will cover the following:

  • Strategy:
    • What is a BIPRU firm - scope of permission and the firm’s place in the investment firm universe
    • Senior manager roles in the BIPRU firm: two independent minds
    • Governance, systems and controls for BIPRU firms, including the applicable remuneration code
    • Financial resources - capital resources tests and implications for group structures
    • The internal capital adequacy assessment process (ICAAP) and the FCA’s supervisory review and evaluation process
    • Gabriel reporting - FSA019 Pillar 2 questionnaire; FSA055 liquidity systems and controls, FSA003 capital adequacy
    • Pillar 3 disclosures
  • Conducting Business:
    • The MiFID quantitative test for elective professional clients
    • Initial disclosures - additional disclosures for managing investments
    • Suitability assessment for discretionary decisions
    • Product governance in relation to discretionary portfolios
    • Execution policy and the RTS28 report on top 5 execution venues
    • The quarterly periodic report - content
    • Corporate actions and implications for discretionary decisions
    • Transaction reporting - the specifics
    • The obligation to record certain calls
    • Arrangements with third party custodians and the SUP 3 auditor’s report
    • CASS 8 mandate rules
    • Conflicts of interest and inducements
    • Personal account dealing
    • Financial promotion - key differences in MiFID communications
  • Training & Competence:
    • Senior manager and certification roles in the BIPRU firm
    • Relevant qualifications
    • Appropriate supervision of qualified staff
    • Assessing and maintaining competence - MiFID specific points
  • The Process - New Application or Variation of Permission:
    • Steps involved in preparing a new firm application, or a variation of permission of an existing firm

    This pre-recorded webinar will be streamed at 12:30pm on Thursday 16th January 2020 and will remain available to view by delegates who have registered by then for 90 days.

New: Enjoy unlimited 24/7 access to over 769 webinars with an MBL Annual Webinar Subscription. Email webinarsubscription@mblseminars.com for details.

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Webinar/DVD | 16.01.2020

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Investment Management - A Guide for Financial Services

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16
2020
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Investment Management - A Guide for Financial Services

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Individual Licence | 1hr


Investment Management - A Guide for Financial Services

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DVD
1hr

Added to basket

Webinar/DVD | DVD

Unlimited Viewers | 1hr


Investment Management - A Guide for Financial Services

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Unlimited viewers
at your organisation
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New: Enjoy unlimited 24/7 access to over 769 webinars with an MBL Annual Webinar Subscription. Email webinarsubscription@mblseminars.com for details.

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