Conflicts of Interest (MIFID Firms)

Description

Under MIFID, investment firms are required to identify and prevent or manage Conflicts of Interest ("CoI") arising in relation to their various business lines and their group's activities. Under the MiFID Regs, an Irish Investment Firm, in general, is required:

a)“to maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps designed to prevent CoI………from adversely affecting the interests of the investment firm’s clients”;

b)Implement policies, processes, and arrangements with regard to its CoI obligations;

c)This includes (but is not limited to) those caused by the receipt of inducements from third parties or by the investment firm’s own remuneration and other incentive structures. 

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Learning Objectives

Learners will gain an appreciation of a MiFID Investment Firm's obligations in the context of Conflicts of Interest, including:

a) CoI Policy Requirements;

b) Client Disclosure;

c) Record Keeping & Reporting; 

d) CBI 2016 Thematic Review; including identified good and poor practices. 

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Timing

The duration of this 2 part module is approximately 20 minutes. Each section is followed by a knowledge check and we have allocated 4 minutes to complete these. We have allocated up to 20 minutes for the assessment that follows the completed module.