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Compliance Forum: MiFID II and SMR – a GRC perspective

  • February 16, 2017

Complimentary Breakfast Forum

Thursday 30th March 2017

etc.venues, St. Pauls, EC1A 4HD

To register for this event, click here

Over the next year, the FCA will be putting GRC (Governance, Risk and Compliance) and ERM (Enterprise Risk Management) front and centre with the adoption of both MiFID II and the extension of the SMR (Senior Managers Regime) across the financial sector.

Whilst MiFID II does not represent a dramatic change in the regulatory landscape, being more of an extension to existing MiFID than a radical re-think, SMR represents a dramatic new step in regulation placing accountability heavily on the individual.

Even within firms which have mature GRC frameworks in place, this could look daunting. However, as with many new things, change breeds new opportunities.

Alexander Lloyd, in association with Complyport would like to explore these opportunities and place these new blocks of regulation in the context of established risk management practice.

We will examine:

  • What are these regulatory initiatives and what do they aim to achieve?
  • Why is this relevant to individuals working in regulated firm?
  • How will they affect established roles and positions?
  • What do individuals need to do now, in preparation?
  • What is a proportionate response for a medium to small firm?
  • What will happen if you are not prepared?
  • How will I brief management and secure the resources necessary to implement these requirements?
  • How much time do organisations have before regulation has a material effect?

Paul Grainger, CEO Complyport Ltd
Paul Grainger is CEO of Complyport, a specialist Governance, Risk and Compliance consultancy firm that provides regulatory and compliance advice, guidance and support to financial services firms. He has over 34 years financial services experience including over 29 years as a financial services regulatory and compliance consultant dealing with wholesale and retail markets. Paul will present an overview of GRC best practice and how MiFID II and SMR can be accommodated within existing risk frameworks. He will examine SMR in greater detail.

Peter Carlisle, Associate Director, Complyport Ltd
Peter is part of the front line compliance consulting team at Complyport and assists clients with regular site visits and regulatory guidance. He was previously a senior Relationship Manager in the FSA’s firm supervision division and IMRO, for nine years. Peter will take the audience through the MiFID II, the material extensions to the original MiFID and what it will mean in practice within smaller firms.

Peter Wright, Partner, Fox Williams LLP
Peter is a litigation partner specialising in Financial Services regulatory issues at Fox Williams LLP and is a leading member of the firm’s financial services group. He belongs to the firm’s group that advises clients on the Senior Managers & Certification Regime and the Senior Insurance Managers Regime. Peter’s experience with firms already implementing SMR gives him a unique perspective on lessons learned and the potential roadblocks and wrong turnings that lie on the path to compliance. This insight will form valuable guidance on the proportionality of implementation for smaller firms.