Fulfilling the regulatory obligations of MIF 2 related to the annual training of investment advisory staff
Objectives :
Program :
- TRAINING PROGRAM TO MEET THE ESMA (1) ORIENTATIONS:
- Training course objectives:
- understanding the main characteristics and risks and elements of the investment products proposed or recommended;
- including the total costs and charges to be borne by the client for the type of investment product proposed or recommended and the costs related to the provision of advice and any other related services provided;
- complying with the obligations applicable to the company relating to adequacy requirements, including the obligations set out in the guidance on certain aspects of the adequacy requirements of MiFID1;
- understanding that the type of investment product provided by the company may not be appropriate for the client, after assessing the relevant information provided by the client in relation to any changes that have occurred since the collection of the relevant information;
- understanding how financial markets operate and how they affect the value and rating of investment products offered or recommended to clients;
- understanding the impact of economic data, as well as national/regional/global events on markets and the value of investment products offered or recommended to clients;
- understanding the difference between past performance and future performance scenarios, as well as the limitations of forecasts;
- understanding issues related to market abuse and anti-money laundering;
- evaluating data relating to the type of investment products offered or recommended to clients, such as key investor information documents, prospectuses, financial statements or financial data;
- understanding the specific market structures for the type of investment products offered or recommended to clients and, where applicable, their trading platforms or the existence of possible secondary markets;
- having a basic knowledge of the valuation principles for the type of investment products offered or recommended to clients;
- understanding the basic principles of portfolio management, including being able to understand the consequences of diversification with regard to different investment alternatives.
On 13 May 2016, the Financial Market Regulator reported to ESMA that it had complied with the guidelines for assessing knowledge and skills (ESMA/2015/1886).