Participants will receive access to the recorded sessions of the course.
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In today’s regulatory environment, investment firms are expected to demonstrate not only compliance but also a genuine commitment to investor protection. This seminar focuses on the practical application of MiFID II product governance obligations, with a particular emphasis on Suitability and Appropriateness assessments.
Participants will explore the regulatory expectations, supervisory focus areas, and industry best practices for ensuring that financial products are designed, distributed, and monitored with the client’s interests at the core. The session will also cover the preparation and delivery of PRIIPs Key Information Documents (KIDs), bridging regulatory obligations with real-world implementation challenges.
Through case studies, interactive exercises, and compliance insights, participants will gain a clear roadmap for aligning their firm’s practices with MiFID II standards while fostering client trust and minimising regulatory risk.
Training Objectives
By the end of the seminar, participants will be able to:
- Understand the full scope of product governance obligations under MiFID II.
- Learn the regulatory requirements for Suitability and Appropriateness tests.
- Recognise how to design and distribute products with a client-centric approach.
- Apply PRIIPs KID requirements in practice, ensuring clarity and transparency.
- Identify regulatory pitfalls and supervisory expectations highlighted by ESMA and CySEC.
- Learn how to build internal processes that link product governance with investor protection.
- Develop practical skills through case studies reflecting real-life supervisory outcomes.
- Understand how governance, risk management, and compliance functions interact in this context.
Training Outline
Introduction
- Purpose of MiFID II product governance rules
- Investor protection as a regulatory cornerstone
Product Governance Framework
- Key principles and ESMA/CySEC guidance
- Product design, distribution, and target market definition
- Roles of manufacturers vs distributors
Suitability & Appropriateness Assessments
- Legal and regulatory definitions
- When suitability applies vs appropriateness applies
- Common weaknesses identified by regulators
PRIIPs KID in Practice
- Key disclosure requirements
- Balancing regulatory compliance with client-friendly communication
- Case study: Reviewing and critiquing sample KIDs
Linking Product Governance to Risk Management
- Conflicts of interest and governance oversight
- Monitoring product performance and client outcomes
- Aligning front-office and compliance perspectives
Case Studies and Group Work
- Analysis of supervisory enforcement cases
- Practical exercise: Designing a compliant distribution chain
Closing Session
- Key takeaways and compliance checklist
- Q&A and open discussion
Who Should Attend
This seminar is suitable for:
- Compliance Officers and AMLCOs
- Risk Managers and Internal Auditors
- Product Governance Officers and Regulatory Reporting Specialists
- Front-office and Distribution Managers
- C-Level Executives and Non-Executive Directors overseeing governance and compliance
Training Style
The seminar is delivered through a blend of short lectures, case studies, and group exercises. Real-life enforcement cases and supervisory findings are used to connect theory with practice.
Participants will be actively engaged in scenario-based exercises and will receive actionable feedback and compliance checklists to implement in their organisations.
CPD Recognition
This programme may be approved for up to 5 CPD units in Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
In-house Training
For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.
Training Objectives
By the end of the programme, participants will be able to:
- Understand what the risk-based approach is
- Explore the FATF Guidance for the Risk-based approach for CAs and CASPs
- Describe the factors that need to be considered when conducting risk assessments
- Examine the licensing requirements of CASPs
- Explain what Customer Due Diligence (CDD) is and explore its appropriate implementation
- Discuss the travel rule
- Identify the main elements of an AML program
Training Outline
- Understanding the risk-based approach
- The FATF recommendations and the risk-based approach
- The FATF Guidance for the Risk-based approach for CAs and CASPs
- Risk Assessments
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- Business-wide risk assessments
- Individual customer risk assessments
- Licensing of CASPs
- CDD
- The AML programme
- The Travel rule
- Other considerations
Who Should Attend
This programme is ideal for:
- Compliance officers
- EU Lawyers
- Third-country lawyers
- Internal and external legal advisors
- IT Professionals (including Software Developers, Technology Strategy Leaders)
- Financial Advisors
- Executives and Senior Managers
- Blockchain technologists and developers
- Attorneys of the Republic
- Legal Services Professionals
- Graduate Lawyers, Junior Lawyers, Law Students and Researchers
- Legal Projects Managers
- Government Agencies
- HR Managers
- Corporate Administrators
- Strategy Managers
- Digital Transformation Heads, Officers and Team Members
- Innovation Leaders and members of Innovations labs
Training Style
The programme is designed to deliver key knowledge, via presentations, discussion, questions and answers.
Participants will take away practical knowledge that can be transferred to their workplace.
CPD Recognition
This programme may be approved for up to 5 CPD units in AML and Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
For the CySEC requirements, CPD units attained from this course should not exceed the 50% of the total CPD Units of each individual.
This training course may be approved as an external activity under the new ACAMS recertification category ”non-ACAMS credits” for up to 5 CPD units. Eligibility criteria and CPD Units are verified directly by the Association of Anti-Money Laundering Specialists (ACAMS). To read more about the non-ACAMS credits policies and eligibility criteria please click here.
In-house Training
For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.
