1
Type
Speaker
CPD Hours Level
Masterclass 6 UpdateInformation
SRA Competency B

Introduction

In January 2018, MiFID II changed the financial promotion rules. FCA authorised firms are now subject to an increased compliance burden when approving financial promotions, making it all the more important to establish whether an exemption from the regime can be employed instead.

This one day masterclass is suitable for compliance officers, in-house counsel, approved persons at FCA authorised firms and financial services advisors. Participants will gain an in-depth understanding of the financial promotion rules and their practical effects for authorised firms and companies.

What You Will Learn

This course will cover the following:

  • Key rules - section 21 of the Financial Services and Markets Act 2000, the Financial Promotion Order 2005, the Perimeter Guidance Manual, the Conduct of Business Sourcebook (COBS) and MiFID II
  • Key concepts - the main features and types of financial promotions and the characteristics of designated investment business and MiFID business
  • Key concerns - an analysis of COBS 4 obligations including:
    • The requirements for fair, clear and not misleading communications and for financial promotions to be clearly identifiable
    • The rules on communications including information on past, simulated past and future performance and cold calls
    • How to approve financial promotions
    • Record keeping requirements
  • Key guidance:
    • FCA guidance on financial promotions in social media, including its views on adopting a 'click through approach' instead of the current 'standalone compliance’ requirement
    • Failings identified by the FCA in a review of 1500 financial promotions
    • Comments made by the FCA in its May 2018 review of automated investment services
  • Key exemptions - which of the exemptions available under the Financial Promotion Order 2005 may be used by an authorised firm itself and which ones an authorised firm could suggest that a company use, as an alternative to the firm approving the company's financial promotions
  • The course will conclude with a look at recent FCA proceedings against firms which breached the financial promotion rules

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Masterclass | 31.10.2018

Bristol | 9:30am - 5:15pm


The Financial Promotion Regime - MiFID II & Key Changes Masterclass

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Oct
31
2018
Bristol
9:30am - 5:15pm
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Masterclass | 04.12.2018

Leeds | 9:30am - 5:15pm


The Financial Promotion Regime - MiFID II & Key Changes Masterclass

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Dec
4
2018
Leeds
9:30am - 5:15pm
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Masterclass | 12.04.2019

London | 9:30am - 5:15pm


The Financial Promotion Regime - MiFID II & Key Changes Masterclass

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Apr
12
2019
London
9:30am - 5:15pm
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Masterclass | 05.06.2019

Manchester | 9:30am - 5:15pm


The Financial Promotion Regime - MiFID II & Key Changes Masterclass

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Jun
5
2019
Manchester
9:30am - 5:15pm
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Masterclass | 03.07.2019

Birmingham | 9:30am - 5:15pm


The Financial Promotion Regime - MiFID II & Key Changes Masterclass

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Jul
3
2019
Birmingham
9:30am - 5:15pm
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Prices (ex VAT)
Smart
Plan Information
£250
Season
Ticket Information
£375
Standard
£500
Group bookings
Discounts are available for multiple places and if you have 5 or more people interested in this course and would like to discuss holding it in your area or on an in-house basis then please email us at information@mblseminars.com
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