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Markets in Financial Instruments Directive II/ Regulation

Implementing the New Regime

This program is eligible for FTS claims


Thursday, July 6, 2017
Marina Mandarin Singapore
Singapore

PROGRAM AGENDA

The revised Markets in Financial Instruments Directive (MiFID II) and the accompanying new regulation (MiFIR) will effect a radical overhaul of the structure of derivatives trading in Europe. Planning and preparing for MiFID II/MiFIR is a huge task –which will gather pace during 2017. This conference offers an ideal opportunity to understand the new requirements and implications for market participants and the financial system, examining the detail and reasoning behind key MiFID II/MiFIR compliance requirements in areas as diverse as impacts on Asia, market structure, transparency requirements, reporting, product governance and intervention.

 

 

 

 

 

8:15 AM

 

Registration and Morning Coffee

 

 

 

 

 

9:00 AM

 

Introduction and Welcoming Remarks

Keith Noyes, Regional Director, Asia Pacific, ISDA

 

 

 

 

 

9:05 AM

 

MiFID II/MiFIR: An Overview

Building on the rules already in place, MiFID II and MiFIR are designed to take into account developments in the trading environment since the implementation of MiFID in 2007 and, in light of the financial crisis, to improve the functioning of financial markets making them more efficient, resilient and transparent.  This session will provide an overview of new regulatory requirements introduced by MiFID II and MiFIR.

Paul Landless, Partner, Clifford Chance

Sonia Lim, Managing Director & Associate General Counsel, JPMorgan Chase Bank, N.A.

 

 

 

 

 

9:45 AM

 

Market Structure

Under MiFID 2, a new trading venue (the Organised Trading Facility) has been created and the scope of the existing MiFID Systematic Internaliser has been widened.  Certain derivatives will be subject to mandatory platform trading obligations under MiFIR.  This session will discuss how regulators frame the new regime to bring about potential changes to the composition of the market.

Rahul Advani, Assistant Director, Public Policy, ISDA

Colin Rice, Partner, Norton Rose Fulbright

 

 

 

 

 

10:30 AM

 

Morning Break 

 

 

 

 

 

10:45 AM

 

 

Transparency Requirements

As a response to the financial crisis, the regulators have enhanced transparency requirements for equity markets and introduced new requirements for fixed income and derivative markets. This session will discuss the pre- and post-trade transparency requirements and waivers for trading venues under MiFIR.

Jason Valoti, Partner, Simmons & Simmons

 

 

 

 

 

11:35 AM

 

 

Market Data Reporting

In this session we will discuss, in particular, the expanded scope under MiFID II/MiFIR compared to the current MiFID Transaction Reporting regime, the Regulatory Technical Standards adopted in July 2016 and its impact on the current reporting framework in Europe and globally.

Rishi Kapoor, Director, Public Policy, Asia-Pacific, ISDA

Arnaud Sénéchal, Executive Director, APAC Office of Regulatory Affairs, J.P. Morgan

 

 

 

 

 

12:20 PM

 

Luncheon 

 

 

 

 

 

1:30 PM

 

 

MiFID II/R: A New Regime for Commodity Derivatives Markets

  • Scope of commodity contracts
  • Position limits: metric, baseline limits, exemption, aggregation, flexibility granted to NCAs
  • Position reporting
  • General exemption rule – ancillary activities

Erryan Abdul Samad, Assistant General Counsel, ISDA

Jason Valoti, Partner, Simmons & Simmons

 

 

 

 

 

2:15 PM

 

 

Product Governance and Product Intervention

In response to a litany of mis-selling scandals, MiFID 2 has introduced a number of requirements on product design and distribution to improve investor protection.  This session will discuss the implications of product governance and product intervention requirements and why they have attracted much attention.

Paul Landless, Partner, Clifford Chance

Ee-Hwee Soh, Director, Co-Head of Regulatory Advice (APAC), Deutsche Bank AG

 

 

 

 

 

3:00 PM

 

Panel Session: Impact of MiFID II/MiFIR on Asian market participants

This panel will focus on the extraterritorial effects of MiFID II/MiFIR, third country access issues and implementation challenges faced by Asian market participants.  It will also include a discussion of the EU Benchmarks Regulation.

Moderator: Keith Noyes, Regional Director, Asia Pacific, ISDA

Ken Nagatsuka, Deputy Director & Head, Capital Markets Policy Division,

      Markets Policy & Infrastructure Department, Monetary Authority of Singapore

Gilbert Koh, Senior Counsel and Co-Head of Regulatory Advice (APAC),
      Deutsche Bank AG

Paul Landless, Partner, Clifford Chance

 

 

 

 

 

3:50 PM

 

Afternoon Break  

 

 

 

 

 

4:05 PM

 

Clearing Obligations

This session will focus on the clearing obligations of derivatives on regulated markets under MiFIR and how such requirements dovetail with the requirements under EMIR.  The session also provides an introduction to indirect clearing and its typical structures.

Rogier van Kempen, Executive Director, Clearinghouse Risk – Strategy & Advisory,

      J.P.Morgan

 

 

 

 

 

4:35 PM

 

Clearing: Straight-Through Processing

This session will discuss the challenges of straight-through processing requirements for cleared derivatives and consider the changes required to be made to the ISDA/FIA Europe Cleared Derivatives Execution Agreement to reflect the requirements.

Kai Loon Loh, Counsel, Ashurst ADTLaw

 

 

 

 

 

5:05 PM

 

Conference Concludes

 

 


Agenda is subject to change

- REGISTRATION FEE* -
$ 650 U.S. (member) / $ 750 U.S. (non-member)
*The invoice total must be paid in full - registration fees are net of tax and wire transfer fees are not included.

We suggest registering at least two weeks in advance to ensure your seat.

Please click here for the Conference Registration Form.

 

Marina Mandarin Singapore, 6 Raffles Boulevard, Marina Square, Singapore 039594, Phone: + 65-6845-1000


 


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