Course outline:
- Introduction
Overview of the EU regulatory framework both MiFID II & MiCA.
- Investor Protections
Best execution, suitability & appropriateness tests (MiFID: higher standard, includes ESG; MiCA: “basic understanding,” no ESG). Provision of information, conflicts of interest, client vulnerability & gamification.
- Product Governance
Target market concept, manufacturer vs distributor roles, lifecycle monitoring. MiCA has no product governance but overlaps apply to dual firms.
- Market Abuse
MAR vs MiCA insider dealing, manipulation, unlawful disclosure. New risks: on-chain data, MEV strategies, social media. Cross-border supervision.
- Suitability & Appropriateness
Client data collection, record-keeping, ESMA guidelines. Robo-advice vs AI-based robo-advice.
- Prudential Requirements
MiFID (IFR/IFD): firm classification, capital adequacy, ICARA. MiCA (Art. 67): prudential safeguards (capital, insurance, guarantees). Exemptions for banks/UCITS/AIFMs.
- Governance & Outsourcing
Governance obligations; MiFID/MiCA outsourcing rules.
- Client Assets & Safeguarding
MiFID: segregation, custodian due diligence. MiCA: custody rules, safeguarding agreements.
Target audience:
This training is designed for professionals working in Cyprus Investment Firms (CIFs), Crypto-Asset Service Providers (CASPs), and other financial institutions subject to MiFID II and MiCA.
- Compliance Officers and AML Officers
- Internal Auditors and Risk Managers
- Portfolio and Asset Managers
- Legal and Regulatory Advisors
- Senior Management and Board Members
- Client-Facing Staff (e.g., investment advisors, brokers)s
- Operations and Custody Teams
- ICT and Outsourcing Oversight Officers
- Staff of Cyprus Investment Firms ( CIFs) & Crypto-Asset Service Providers (CASPs)
Expected time to complete the course:
Recorded time: 2 hours 15 minutes
Reading and Testing: 45 minutes
Presented by:
Course is prepared by DELFI CORPORATE SERVICES LTD
Instructor: Mrs. Svetlana Tutunaru, MBA, holder of CySEC Advanced & AML Certificates – Personal Identification number CN2386, with on-hands experience and skills in the industry for over 15 years, including experience in practical application and advisory work in relation to the MIFID, MAR, AML/TF legislation in Cyprus and other jurisdictions, acts as appointed Internal Auditor and Compliance officer or Compliance Support in number of licensed brokers and funds in Cyprus./p>
