Training Objectives

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

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

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 

Who Should Attend

The programme is ideal for:

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

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 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.