Product Governance under MiFID and IDD

- Χρηματοοικ. Ασφαλιστικά Τραπεζικά

03 Μαΐου 2022 09:00 04 Μαΐου 2022 11:45
Αγγλικά
5.00 ώρες ( 2 μέρες )
Product Governance under MiFID and IDD

ΠΕΡΙΓΡΑΦΗ

The EIMF Live Online Learning Experience

EIMF subject-matter experts deliver engaging and interactive courses across a broad spectrum of areas, that can be enjoyed in the comfort of your own chosen environment. 

Course Overview

Product governance is probably the most important new subject area for financial services professionals in the EU. It finally entered the regulatory vocabulary at European level with the implementation of MiFID 2, closely followed by that of the Insurance Distribution Directive’s own provisions on the subject.  ESMA has already intervened in the marketing and promotion to retail customers of binary options and contracts for differences and Cyprus and other European countries have responded to the ending of the ESMA measures by implementing their own version of this in autumn 2019.  

MiFID 2 and IDD product governance has two distinct parts. Firstly, the structures that firms need to be able to deliver effective product governance, the “arrangements” and “procedures” required both to launch and review products. These include looking at the composition of product governance committees and the role of both compliance and senior management. With this comes some core risk management activities and approaches, designed to ensure that the committee or arrangement performs its functions in the right way.  

Secondly, there are a series of tasks which manufacturers and distributors have to perform as part of product governance generally and the creation and review of products in particular. Identifying target markets, designing the product, testing it, deciding how to distribute it and selecting who is going to do the work are all part of the governance process. Manufacturers and distributors perform different roles here and this course explores those differences.  

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

By the end of the programme, participants will be able to:

  1. Understand the key MiFID and MiFID-related provisions on product governance
  2. Appreciate the goals of product governance and the risks of not achieving them
  3. Identify strengths and weaknesses in product governance structures
  4. Identify the positive and negative target markets of investment products and services
  5. Piece together the key elements in designing a product or service
  6. Determine the types of distribution that would not be suitable for certain types of products
  7. Gather key management information about the success or otherwise of the governance process

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

The programme is ideal for:

  • Product governance specialists
  • Compliance officers and managers 
  • Product technicians 
  • Risk managers 
  • Board directors and chief executives 

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Training Outline

Product governance under MiFID and IDD 

  • The background and objectives of product governance regulation 
  • Defining manufacturer and distributor 
  • National and EU product intervention powers 
  • Locating the relevant EU requirements 


  • The product governance arrangements 
  • The constitution and role of the product governance arrangements 
  • The work of product governance generally  
  • The roles of Compliance and Senior Management 
  • The different types of reviews and monitoring required 
  • Tasks 
  • Identifying target markets 
  • Product design 
  • Product testing 
  • Specific duties of distributors 
  • Selecting distribution strategies and distributors 
  • Monitoring distributors 
  • Reviews and how to deal with their conclusions 


Training Style

The training style is interactive involving a combination of discussions and presentation, group work and case studies (taken from real-live examples).  

Participants are encouraged to share their opinions from their different perspectives. The trainer, Adam Samuel is a UK-based complaints and compliance expert. He brings to our courses his experience and knowledge of the UK and the subject-area generally as well as an unquenchable enthusiasm for learning how the rest of Europe and in particular Cyprus handles things. He brings to every course a string of practical examples and welcomes people bringing along their case studies and examples. 

 

CPD Recognition

This programme may be approved for up to 15 CPD units in Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.


Trainer

Adam Samuel

Adam Samuel is a lawyer qualified in the UK and the USA. Since 1996, Adam has run his own training and consulting business, helping out regulators in three continents on customer-facing issues. He has the qualifications required of financial, mortgage and equity release advisers and the UK CISI compliance diploma.

Adam wrote the only book on consumer financial services complaint handling in the UK and a guide to the SFC Code for Intermediaries in Hong Kong. The Gibraltar Supreme Court followed his expert evidence in van Geens v. Jyske Bank on product risk, compliance and advice standards around the world. Adam has broadcast on a number of BBC domestic and World Service programmes, including the national news, on financial services compliance and banking issues


Πληροφορίες Εκπαιδευτή
Adam Samuel - Lawyer & Independent Financial Services Professional
Adam combines qualifications as a barrister and attorney in England and the US respectively with those for an advanced financial adviser and compliance adviser. He trains, writes about and fixes the customer-facing problems faced by firms and regulators in the UK, EU and other parts of the world. He also wrote the only UK book on financial services complain handling now in its second edition....
Αναλυτικό Κόστος Σεμιναρίου
  • € 200.00
  • € 0.00
  • € 38.00
  • € 200.00
  • € 238.00
ΠΡΟΓΡΑΜΜΑ ΣΕΜΙΝΑΡΙΟΥ

Τρίτη - 03 Μαΐου 2022

Ώρα

09:00 - 11:45

ΕΚΠΑΙΔΕΥΤΗΣ:

Adam Samuel

Τοποθεσία:

OnLine Virtual Classroom

Τετάρτη - 04 Μαΐου 2022

Ώρα

09:00 - 11:45

ΕΚΠΑΙΔΕΥΤΗΣ:

Adam Samuel

Τοποθεσία:

OnLine Virtual Classroom

Εκδήλωση Ενδιαφέροντος : Product Governance under MiFID and IDD

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Duties and Responsibilities of an AML & Compliance Officer in Relation...

Perhaps one of the most demanding and high intensity roles in the Finance Sector is that of the Compliance officer and AMLCO. In the Cyprus Fund Sector, the ...

20/03/2025 10:00

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AML & Cybersecurity...

The conduct of illegal activities such as money laundering, fraud, and identity theft by electronic systems is called cybercrime. It is an act that violates the...

26/03/2025 09:00

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EIMF Certificate in Blockchain & Crypto-Assets: Regulation and Policy...

Blockchain technology – the distributed platform that removes intermediaries from the equation and resolves the trust issue – has brought fundamental changes to...

27/03/2025 09:00

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Corporate Sustainability Reporting Essentials (CSRD & ESRS)...

In today’s rapidly changing world, the pursuit of sustainable development is not just a choice—it’s an imperative. Organizations all over the globe recognize th...

03/04/2025 09:00

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Securing Digital Operations and Mitigating Cyber Threats in Regulated ...

The European Banking Authority (EBA) provides guidelines on information and communication technology (ICT) in the banking and financial services sector. The cou...

03/04/2025 14:00

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MiFID II/MiFIR Refresher & Decoding of MiFID III/MiFIR 2 Evolution...

MiFID framework reform has been continuously evolving since 2007, introducing a significant number of notable developments – starting from Market in Financial I...

09/04/2025 09:00

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CySEC Certification Examination Preparation Course (Advanced, Basic)...

With a proven track record, the highly successful EIMF CySEC examination preparation course offers an in-depth coverage of all the required material, preparing ...

09/04/2025 16:30

32.00 ώρες (8 μέρες)

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AML/CTF & KYC: The Management of High-Risk Clients...

There is no business endeavour without taking risks.  So, this does not pose a question about not taking risks, but about which risks are worth taking and which...

10/04/2025 10:00

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Artificial Intelligence (AI) and Its Significant Role in Financial Mar...

Artificial intelligence (AI) is no longer viewed as a science fiction or futuristic notion. In recent decades, it has been assigned a very significant function ...

29/04/2025 09:00

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The Capital Markets Union (CMU) and Revised MiFID/AIFMD/UCITS Framewor...

The ongoing Capital Markets Union initiatives seek to open up new sources of funding for businesses, especially for small and medium-sized enterprises (SMEs), r...

05/05/2025 10:00

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Internal Capital Adequacy Assessment Process (ICAAP) for Banks...

Pillar Two requires banks to have a comprehensive internal process for determining their appropriate level of capital (and liquidity). Stress-testing has become...

06/05/2025 10:30

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Institutional Portfolio Management for Financial Professionals...

Understanding institutional portfolio management is crucial for financial professionals. It equips them with the knowledge and skills to manage large-scale inve...

15/05/2025 09:00

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A Comprehensive Overview of the EU AML Legislative Strategy and the Ro...

This programme will explore the key critical and dedicated EU legislative package associated with the EU Anti-Money Laundering Strategy, approved by the EC...

22/05/2025 10:00

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MiFID II, Sustainability Related Disclosures (SFDR) and ESG Integratio...

The EU has recently adopted a series of regulations relating to Environmental, Social and Governance (ESG) requirements.  Sustainable Finance is among the core ...

29/05/2025 09:00

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Effective Whistleblowers’ Protection: A New Law for Ensuring an Organi...

Wrongdoing, and in particular that which takes place in the corporate environment, is often committed in secret for a long time, during which time, non-involved...

29/05/2025 10:00

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CySEC Certification Examination Preparation Course (Advanced, Basic)...

With a proven track record, the highly successful EIMF CySEC examination preparation course offers an in-depth coverage of all the required material, preparing ...

02/06/2025 16:30

32.00 ώρες (8 μέρες)

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AGRC Certificate in KYC and CDD...

The Association of Governance, Risk & Compliance (AGRC) Certificate in KYC and CDD equips professionals, who work in regulated companies and are obliged to comp...

03/06/2025 09:00

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The Internal Capital Adequacy and Risk Assessment Process (ICARA): IFR...

The ICARA process is a continuing risk management process within the firm, although a formal ICARA review will usually only be required annually or immediately ...

03/06/2025 09:00

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Investor Protection Updates...

MiFID II includes numerous provisions on investor protection especially as far as retail investors are concerned. Emphasis is given mainly to the information to...

04/06/2025 09:00

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AI-Powered eKYC Solutions for Fraud Prevention in the Financial Indust...

This course has been designed to address the unique challenges and requirements of the financial industry, providing professionals with the knowledge and tools ...

11/06/2025 09:00

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Financial Regulation and Compliance...

The regulatory framework pertaining to the financial and professional services sector is constantly changing, and new regulations, as well as updates to existin...

17/06/2025 09:00

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Financial Promotion and Marketing Compliance...

The programme aims to deliver an overview of how the financial promotion and marketing compliance has changed with the most recent directives, circulars, and le...

24/06/2025 09:00

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