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MiFID II training

Six microlessons on MiFID II, from client categorization, suitability and appropriateness to costs, best execution, transaction reporting, governance and conflicts of interest, with two situational tests and a certificate of completion.

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MiFID II (EU) course preview
6Short, TikTok-style microlessonsIn the browser or the iOS and Android apps

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  • 2Assessments
  • 6Microlessons
  • IncludedCertificate of completion
About this course

What the MiFID II course covers

This course explains how MiFID II shapes conduct, transparency and investor protection across EU financial markets in six short microlessons. It covers the purpose and scope of MiFID II, client categorization, suitability and appropriateness, cost transparency and best execution, transaction reporting and record keeping, governance and conflicts of interest, and ongoing compliance and supervision.

Learning outcomes

What your people will be able to do

  • Explain the purpose and scope of MiFID II across firms, services and markets
  • Categorize clients and carry out documented suitability and appropriateness assessments
  • Disclose aggregated costs and charges, including direct and indirect costs
  • Apply best execution policies and monitor execution quality across venues
  • Keep accurate transaction reports and records for the required retention periods
  • Apply governance, conflicts of interest and remuneration practices in clients' best interests
Course contents

6 microlessons

Each microlesson is a short, TikTok-style video lesson, with knowledge checks along the way.

1Introduction to MiFID II and Its Regulatory Purpose
2Client Categorisation, Suitability, and Appropriateness
3Transparency, Costs, and Best Execution
4Transaction Reporting, Record-Keeping, and Market Oversight
5Governance, Conflicts of Interest, and Acting in the Client's Best Interest
6Ongoing Compliance, Supervision, and Staying Aligned with MiFID II

  1. Introduction to MiFID II and Its Regulatory Purpose: The purpose of MiFID II, its scope and its focus on investor protection.
  2. Client Categorisation, Suitability, and Appropriateness: Client categorization, suitability and appropriateness assessments, and the records to keep.
  3. Transparency, Costs, and Best Execution: Costs and charges disclosure, inducements and best execution.
  4. Transaction Reporting, Record-Keeping, and Market Oversight: Transaction reporting, record keeping, call recording and market transparency.
  5. Governance, Conflicts of Interest, and Acting in the Client's Best Interest: Acting in the client's best interest: governance, conflicts of interest and remuneration.
  6. Ongoing Compliance, Supervision, and Staying Aligned with MiFID II: Ongoing compliance, supervision, training and competence, and enforcement.
A 5Mins certificate of completion for MiFID II (EU), lying on a desk next to a laptop
Certificate

A certificate for every learner who completes it

Learners finish every microlesson and complete the assessments. 5Mins then issues a certificate of completion for MiFID II (EU).

  • Certificates and e-signatures stored against each learner
  • Audit-ready records, ready whenever an auditor asks
  • Completion shows on the Compliance Dashboard in real time
Audience and regulation

Who it's for and the law it covers

Who it's for

  • Investment advisers, portfolio managers and relationship managers in EU firms
  • Trading, dealing and operations teams
  • Compliance, risk and product governance teams
  • Senior managers accountable for MiFID II compliance

Laws covered

  • MiFID II (Directive 2014/65/EU). The EU framework for investment services and markets, covering investor protection, conduct of business, product governance and conflicts of interest. It has applied since 3 January 2018.
  • MiFIR (Regulation (EU) No 600/2014). The companion regulation on transparency and transaction reporting.
How it runs in 5Mins

Assign it once, then let 5Mins do the chasing

Every course in the 5Mins library runs on the same zero-admin engine.

  • EnrollAuto-enroll

    Enroll people automatically from your HR system, with 100+ HRIS platforms supported.

  • RemindReminders

    Nudges by email, Slack, Microsoft Teams and push until the course is done.

  • RepeatRecurrence

    Set the course to repeat, for example every 12 months, and 5Mins re-enrolls people for you.

  • CertifyCertificates

    Certificates and e-signatures are issued and stored for every completion.

  • ProveAudit-ready records

    See who is complete, at risk or overdue on the Compliance Dashboard, and prove it any time.

Customer stories

Compliance teams that swapped chasing for results

Compliance, HR and L&D leaders on what changed when they moved their training to 5Mins. Pick a team to see what changed.

ComplianceCompliance Training Insurance, 205 colleagues 100%

compliance completion and pass rate since go-live

  • ~1 day saved on each compliance course (HR estimate)
  • Automated reminders and reporting

Since go-live, our compliance completion and pass rates are 100%, and it's the quickest we've ever got there. Automated reminders and reporting save us about a day per course.

Laura ChappellLaura ChappellHR Director, Collingwood
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ComplianceCompliance Training Insurance and emergency accommodation 87%

less session time, from 2.5-3 hour sessions to modules of 25 minutes at most

  • 12 monthly sessions a year, up from 3-4
  • 95% content creation time saved

Our compliance sessions used to be two and a half to three hours in a room, and we could fit in three or four a year. Now we cover one topic a month, and I can see exactly what people are retaining.

Lucy WybornLucy WybornDirector of Learning and Development, ICAB
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ComplianceCompliance Training Legal services 80%

completion on mandatory training, up from 20%

  • Mobile microlessons finished between calls
  • Manager view of each team's progress

We were sitting at 20% completion on our mandatory training. We're now at 80%. People finish short lessons between calls, on mobile, and managers can see where their teams are, so chasing completion is no longer a one-person job.

Jamie WaltonJamie WaltonGroup Learning and Development Officer, Winn Solicitors
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ComplianceCompliance Training Fintech and digital banking On demand

training log showing who did what, when, and the pass rate

  • Any device phone or laptop, at their own pace
  • Rolling refreshers through the year

When I engage with the FCA, I can show that every team has had training tailored to their role, that it's up to date, and that it runs throughout the year, with a full log of who's done what.

Abdul GofurAbdul GofurHead of Compliance & Anti-Financial Crime, nsave
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★ Free sample lesson

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Interested in MiFID II training? Request a free sample lesson, book a short demo with our team, and we'll share your sample lessons after the call.

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Your questions answered

Questions about MiFID II training

How long is the MiFID II course?

It's made up of 6 short microlessons. Learners can finish it in one sitting or spread it over a few days, and 5Mins sends reminders until it is done.

Is there a certificate?

Yes. Learners get a certificate of completion once they finish every microlesson and complete the two situational tests. The record is stored in 5Mins for audits.

What does MiFID II cover?

MiFID II and MiFIR set EU rules for investment services and markets, including client categorization, suitability and appropriateness, costs and charges, best execution, transaction reporting, record keeping and conflicts of interest.

Who needs MiFID II training?

Anyone in an EU investment firm who advises clients, executes orders or oversees compliance, plus the senior managers accountable for it. National regulators expect staff who give advice or information to be competent.

Is this course for UK firms?

It covers the EU rules. UK firms follow the UK version of MiFID rules in the FCA Handbook, which has started to differ from the EU framework.

How often should staff take this training?

Firms must keep staff knowledge and competence up to date, so many refresh MiFID II training every year. In 5Mins you can set the course to repeat, for example every 12 months.

Can I try the course first?

Yes. Request a free sample lesson and book a short demo with our team. After your demo, we'll share sample lessons with you so you can see the format for yourself.

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