The countdown to MiFID II: Compliant Operations with Minimum Costs & Risks

Five years in the making, the replacement for the European Union’s original and current MiFID (2007) consists of a regulation (MiFIR) and a gigantic new directive, MiFID II, which comes into force on 3rd January 2018. There will be no transitional period; wealth management firms will have to comply on day one. ‘Brexit’ cannot happen before that date and the new package will therefore apply to the UK in its entirety, along with the inevitable regulatory ‘gold plating’ for which the UK is famous throughout Europe.

MiFID II aims to impose an inducement ban which the FCA plans to extend to restricted advice as well as independent advice. Onerous dealing commission rules are coming into place and, in the UK, might well be extended to MiFID-exempt firms that manage collective investment schemes. Product governance rules demand that every firm must assess the target market and risks that might surround its new products. Other new rules govern client categorisation, investment research, disclosures for professional clients and eligible counterparties, suitability and the scope of derivative contracts. Firms will have to carry out MiFID II’s ‘appropriateness’ test for a wider range of products than at present.

This event will bring together investment firms, private banks, lawyers and technology experts to help wealth managers assess which system developments will be most beneficial in preparation for the launch of MiFID II, from data storage to client communications, and how to safeguard their firms and mitigate potential reputational damage.

Topics for discussion will include:

• Evidencing best execution
• Transaction monitoring and reporting
• Communication records in a world of “omni-channel”
• Disclosure of costs and performance reporting
• Client segmentation and sales tracking
• Investor protection, notably on safeguarding of clients’ funds and financial instruments
• Conduct of business obligations in the provision of investment services
• Organisational requirements for investment firms
• Data reporting service providers
• Pre-trade transparency for package transactions
• Transparency for securities financing transactions

Who should attend?
Chief Operating Officers, Operational Risk Officers, Heads of Compliance, Compliance Officers, Discretionary Funds Managers, Investment Managers, Heads of Financial Planning, Heads of Advisory Compliance, Independent Financial Advisors, Asset/Wealth Management Consultants, MiFID II Programme Managers, Senior Policy Advisors, Head of Transaction Reporting, Regulatory Development Officers, Head of Regulatory Affairs


8:15 am Registration and refreshments 9:00 am Summit Welcome Bruce Weatherill, Chairman, Clearview Financial Media 9:00 am Keynote: Stephen Hanks, Markets Policy, FCA Stephen will cover the latest domestic and EU policy developments and the FCA’s approach to supervising the new obligations under MiFID II 9:25: Panel 1 Technology and communication The new directive puts a spotlight on how firms execute client's wishes, report back to clients, and shows how clients’ interests are put first. How can this be measured consistently so that firms are deemed to be honouring the spirit, as well as the letter, of the directive. What are the main tasks for wealth managers here? What are the most tricky issues to solve? Who do you see as setting the pace in terms of making progress? 10:20am: Networking Morning Tea 10:50am Panel 2 Riding the Wave of the Financial Tsunami: New age Investor Protection *Sponsor Six Financial MiFID is supposed to protect investors. How have the lessons of past mis-selling episodes, and the 2008 crisis, shaped the conversation around investor protection? What are the opportunities to build better business? 11:50am Panel 3 Unbundling of Best Execution & Research The directive requires industry participants to log a potentially vast amount of information; firms are having to change how they pay for research and data. What types of challenges, beyond sheer cost, do industry experts face? Where are firms making progress and where do you see real problems remaining?  12.55  Closing keynote & thank you 1:15pm – 2:00pm Lunch and networking refreshments


Date and Time

Date: Wednesday 24th May - 2017
Time: 8:00 am – 2:00 pm


The Savoy Hotel

Address: Strand, London, WC2R 0EU

About our Sponsors

Featured Sponsors


Speakers’ Chair

Bruce Weatherill


ClearView Financial Media

Bruce is a chartered accountant with over 40 years financial services experience, previously a partner in PwC, latterly as Global leader of their Wealth Management practice and the key driver […]

Keynote Speaker

Stephen Hanks

Markets Policy


Stephen Hanks worked on the original negotiations on MiFID whilst at HM Treasury. He then joined the FCA’s predecessor organisation at the end of 2006 since when he has worked […]


Alexander Dorfmann

Senior Product Manager

Six Financial Information

Alexander is a Director of Product Management at SIX Financial Information, where he is responsible for risk and regulation. He is currently focusing on projects related to MiFID II. Over […]

Colin Berthoud

Founding Partner

Tim Group

Colin has more than 20 years’ experience in the enterprise software development industry. He co-founded Tamesis in 1994. Tamesis distributed the Summit derivatives in Europe, and developed a real-time risk […]

Jeremie Vuillard

Group Head of Advisory

Kleinwort Hambros

Jeremie started his career in 2006 as an Equity Sales Assistant at Goldman Sachs in Paris, before joining Oddo Options as a Structured Products Salesperson. He joined SG Private Banking […]

Jonathan Wilson


28 years Professional Service Experience, 10 Years at Cordium. Jon has over 20 years’ financial services experience. Jon qualified with Coopers and Lybrand before moving on to lead an asset […]

Mathias Wegmuller

Co-Founder, Head of Business Development


Mathias is a highly accomplished entrepreneur and digital transformation advisor. He has specialist experience working with mid- to large-sized businesses, facilitating the effective execution of digital engagement initiatives. A passionate, […]

Nigel Sirett

Account Executive


Nigel Sirett is responsible for growing Appway’s business in the UK and supporting UK clients on their digital transformation journey. He has 30 years’ experience in financial services and technology, […]

Robert Roome

Global Head of Product


Robert Roome has over 13 years’ experience in helping organisations implement and embed customer relationship management solutions. This has included roles at consultancies such as Capgemini, and large financial services […]

Robin Smith

Technical Director International


As Technical Director International for Actiance, Robin Smith brings over 20 years’ experience of security & compliance solutions for networking & messaging systems, the latter nine of those being with […]

Roddy Buchanan

Head of Wealth Management


In a career spanning 30 years Roddy has fulfilled a variety of senior roles focussed exclusively within private wealth management. Roddy began his career in 1983 with Capel-Cure Myers ultimately […]

Rosalyn Breedy

Managing Director

Breedy Henderson

Rosalyn Breedy, is a Corporate, Funds and Financial Services lawyer and Managing Director of Breedy Henderson. She has 30 years of experience working in private practice, investment banking and at […]

Simon Elvidge

Managing Director

3 Lines of Defence Consulting Ltd

Simon Elvidge has over 25 years of compliance, financial crime prevention (FCP) and broader control function experience (Risk / IAD) as well at Board Director level.  This expertise has been […]

Tom Burroughes

Group Editor

ClearView Financial Media

Tom Burroughes is group editor of ClearView Financial Media, publisher of WealthBriefing, WealthBriefingAsia and Family Wealth Report. Tom has worked at ClearView since 2008, reporting on news stories, interviewing industry […]