European Institute of Management and Finance | MiFID II Product Governance Suitability and Appropriateness
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MiFID II Product Governance Suitability and Appropriateness

MiFID II Product Governance/ Suitability & Appropriateness

MiFID II introduces a new product governance and distribution regime. The new regime is designed to ensure that when a firm manufactures or distributes regulated financial instruments, it has arrangements in place to understand the products and ensure they are only sold to investors and clients for which they are likely to be deemed suitable. The new requirements will apply to “services” as well as “products”, for all client types and to all distributors in the sales chain.

The MiFID II Directive and the Markets in Financial Instruments Regulation repeal and recast the Markets in Financial Instrument Directive, MiFID. The legislation and proposals are aimed to strengthen investor protection by making markets more efficient and transparent.

Objectives

The objective of the product governance requirements is to ensure that firms, which manufacture and distribute financial instruments and structured deposits, act in the clients’ best interests during all stages of the life-cycle or products or services.  This one day workshop will provide delegates with an overview of these changes, impact assess what these requirements practically mean for firms and the risks that firms will need to consider while preparing for ‘day 1’ the 3rd January 2018.

Attending this workshop will enable you to:

  • Explain the importance of the product governance requirements, the key legislative changes and how they inter-relate with the wider regulatory agenda.

 

  • Present the new requirements for manufacturers and distributors and the impact on suitability and appropriateness, providing information to clients, inducements, remuneration and other conduct requirements.

 

 

  • Clarifying key regulatory principles that firms should review their MiFID II framework against including governance; management oversight; roles & responsibilities; and process.

 

  • Identify significant operational changes including updating technology requirements.

Workshop Style: 

This workshop is designed to be participative throughout. The agenda will combine key formal presentations, case studies and syndicate discussion sessions. There will be ample opportunity for delegates to benchmark experiences with industry peers and raise issues of most concern to their organisation, either confidentially or in open session.

Who should attend:

This workshop will be of benefit to anyone who is likely to be affected by the changes to be brought in by MiFID II, including senior management, legal, compliance and those employees at the coalface.

Registration Form

Full

If you need help completing the online registration form, please give us a call at 2227 4470 or email us at info@eimf.eu 

For more information please download the workshop content.

Content

In-House Training

The seminar is currently full and does not accept online registrations. If you want to be added to the waiting list please give us a call at 2227 4470 or email us at info@eimf.eu 

Trainer:  Vivienne Bannigan

Vivienne Bannigan is an independent regulatory risk professional with extensive experience in Wholesale Capital Markets in both the public and private banking sector in the UK and global markets. Vivienne advises senior management on regulatory policy changes, facilitating designing business strategy and frameworks to manage the regulatory and operational risk. In 2014 Vivienne had responsibility for facilitating the MiFID II consultation response on behalf of members at the British Banker’s Association (BBA). Vivienne started is passionate about coaching and empowering firms and individuals to be able to manage regulatory risk in a practical manner. Vivienne is a passionate sailor.