Date and time:
– 19 November, 2025 / 10:00am -15:30pm (5 hours)
5 CPDS
Registration and Access
To register to this Course, click “Take this Course” above to pay online and register for this Course. After your registration, you will receive an email with information for the Live Online presentation of the Course.
If you are purchasing this Course on behalf of others, please be advised that you will need to create or use their personal profile before finalizing your payment.
If you wish to receive an invoice instead of paying online, please complete and submit the Registration Form.
Contact us at seminars@icpte.com or at 25755911 for any clarification or assistance for registration you might need.
Course Description and topics covered
The Course will cover the following topics:
- Introduction to Safeguarding
- Defining Safeguarding
- The Purpose of Safeguarding
- Risk Landscape
- Historical Failures
- Lehman Brothers
- MF Global
- Wirecard
- CySEC Enforcement Cases
- Best Practices Emerging from Failures
- Sample Safeguarding Risk Matrix
- The Regulatory Framework for Safeguarding
- MiFID II Directive 2014/65/EU
- Delegated Regulation (EU) 2017/565
- Cyprus Law 87(I)/2017
- CySEC Directives and Circulars
- CySEC Enforcement Powers
- Comparative Perspectives
- Interactions with Other EU Regulations
- Segregation of Financial Instruments and Funds
- Why Segregation Matters
- Legal Foundations of Segregation
- Operational Mechanics of Segregation
- Daily Reconciliations
- Use of Buffers
- Escalation Procedures
- Risks and Common Pitfalls
- Case Study
- Governance of Segregation
- Internal Controls and Governance
- The Legal Basis for Governance
- The Role of the Board of Directors
- The Safeguarding Officer
- The Compliance Function
- The Internal Audit Function
- Governance Risks and Pitfalls
- Case Studies
- International Best Practices
- Regular Reconciliations and Procedures
- Legal and Regulatory Basis
- Types of Reconciliations
- Best Practice Process for Daily Reconciliation
- Escalation and Governance
- Case Studies
- Automation vs Manual Reconciliations
- Buffers and Settlement Timing
- Role of External Auditors
- Comparative Perspective
- Managing Third-Party Risks and Developing a Risk Management Framework
- Legal and Regulatory Basis
- Types of Third-Party Risks
- Case Studies of Third-Party Failures
- Building a Third-Party Risk Management Framework
- Practical Procedures
- Role of Auditors and Regulators
- International Best Practices
- Reporting to Regulators and Structured Reporting Workflows
- Legal and Regulatory Basis
- Types of Regulatory Reporting
- The ILAR Framework
- Structured Reporting Workflows
- Reporting Breaches
- Case Studies
- Best Practices for Reporting
- International Comparisons
- Training for Relevant Employees
- Legal and Regulatory Basis
- Objectives of Safeguarding Training
- Who Needs Training?
- Training Methods
- Case Studies for Training
- Embedding a Culture of Safeguarding
- Measuring Training Effectiveness
- International Best Practices
- Case Studies and Real-World Failures
- Lehman Brothers
- MF Global
- Wirecard
- Comparative International Failures
- Barings Bank
- Peregrine Investments
- Thematic Failures Across Cases
- Using Case Studies in Training and Governance
- The ILAR Framework and CySEC’s Expectations
- Legal and Regulatory Basis
- Purpose of ILAR
- Scope of ILAR
- ILAR Process
- CySEC’s Use of ILAR
- Challenges for CIFs
- Best Practices for ILAR Readiness
- Case Studies
- International Comparisons
- Identifying and Fixing Compliance Gaps, Developing Internal Governance and Third-Party Risk Management
- Regulatory Expectations
- Types of Compliance Gaps
- Identifying Compliance Gaps
- Fixing Compliance Gaps
- Governance Enhancements
- Third-Party Risk Enhancements
- Case Studies
- Embedding a Continuous Improvement Culture
Course Duration
This Course will be presented Online Live on 19 November 2025 at 10:00 – 15:30. The Course duration is 5 hours.
The Course is addressed to:
This course is addressed to all individuals who are involved in Investment Firms (forex, brokers, etc) and funds such as:
- Executive Directors, Non-executive directors, Senior Managers, Compliance Officers, Risk Managers, Product Managers, Portfolio Managers, Investment Advisors, Dealers, Marketing Managers and in general employees of investment firms.
- Internal Auditors
- Consultants
It is also suitable to professionals pursuing CPD for the renewal of CySEC Certificate (CySEC Basic and CySEC Advance Certificate) or other relevant professional certificates in other jurisdictions.
Training Method
Live Online
At the end of the Course, participants take a Quiz. A Certificate of Completion shall be issued and sent to participants after the Course is completed.
Accreditation and CPD Recognition
The course may be accredited by regulators and other bodies for 5 CPD Units that require CPD training in financial regulation.
Eligibility criteria and CPD Units are verified directly by your association or other bodies in which you hold membership.
Registration and Access
To register to this Course, click “Take this Course” above to pay online and register for this Course. After your registration, you will receive an email with information for the Live Online presentation of the Course.
If you are purchasing this Course on behalf of others, please be advised that you will need to create or use their personal profile before finalizing your payment.
If you wish to receive an invoice instead of paying online, please complete and submit the Registration Form or Contact us by email. Talk to us for our special Corporate Group rates.
Instructor
Experience
George Papanicolaou has more than 20-years experience in the Financial industry. He worked for several years in managerial positions as area Manager, Head of Brokerage, Compliance Officer, Anti Money Laundering Officer, General Manager and Executive Director in Cypriot Investment Firms as well as Managing Director of GP GLOBAL LTD offering consulting services and training courses to
Investment Firms, focuses in Internal Audit, compliance & AML issues. He offered numerous courses/seminars both in Cyprus and abroad in Investment Firms Law as well as in Compliance & Anti Money Laundering. George Papanicolaou is also a Chairman of a Nomination Committee in a company listed in the Oslo Stock Exchange.
Education
George Papanicolaou holds a BSc in Electronic Engineering from the University of Texas at Austin (USA), an MBA with specialization in Finance from Leicester University (UK) and a Postgraduate Certificate in the Mechanics of Risk Management from Middlesex University (UK).
He also holds an ICA International Diploma in Anti Money Laundering from the International Compliance Association and the University of Manchester, as well as an Advance and Money Laundering certificate from the Cyprus Securities and Exchange Commission for the provision of investment services/activities.
George Papanicolaou is member of the AML and Compliance Committee of the Institute of Certified Public Accountants of Cyprus (ICPAC), a Fellow of the International Compliance Association (FICA), Mentor of ICA new students, member of the Cyprus Institute of Internal Auditors and the first Network chair for Cyprus of the International Compliance association.
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