*NEW* Product Governance for Investment Firms

Description

The markets in financial instruments directive II (MiFID II) introduced a new regime of investor protection rules centred around product governance. Investment firms manufacturing and distributing financial instruments are required, as of the 3rd of January 2018, to implement internal procedures that enhance the level of investor protection by ensuring that both manufactures and distributors of financial instruments are acting in the best interests of their clients. The objective of the product governance regime is to enhance the regulation of financial instruments throughout each stage of their life-cycle. The product governance requirement of Art.16 MiFID II is transposed in Cyprus legislation by Art. Of the Law regarding the provision of Investment Services, the exercise of investment activities and the operation of regulated markets L.87(I)2017 and further elaborated upon by the the CySEC’s Circular C236 and C261. This seminar will analyse the regulatory requirements imposed on regulated entities regarding product governance at the European and Cyprus level, review updates since the early 2018 in this field and discuss current practises for establishing and maintaining product governance regimes.

Learning objectives:

  • Analyzing MiFID II product governance requirements for Investment Firms
  • Analyzing Cy Law product governance requirements for Investment Firms
  • Review updates on product governance since MiFID II release
  • Understand the Roles & Responsibilities within the Firm
  • Review of product governance aspects such as nature of the product, target market identification, client knowledge & experience, risk tolerance, client objectives & needs and distribution strategy
  • Demonstrate a model product governance regime and implementation challenges

The course is addressed to:

Professionals involved in product design, directors of CIFs, risk management, compliance and internal auditors should attend. Also, people involved in marketing should attentd because they will be able to see how their role fits within product governance framework.

Topics

Product Governance requirements under MiFID II 

Product Governance requirements under Cy Law 

ESMA Materials & Guidelines

CySEC Circulars 

Updates on Product Governance

BOD obligations

Company Departments 

Compliance Officer and other Control Functions 

Target market identification

Client knowledge & experience

Risk tolerance

Client objectives & needs

Distribution strategy On-going review

Demonstrate a model product governance regime 

Implementation challenges

Summary

Region

Nicosia

Course dates

Dec 12 - Dec 12, 2019

Class hours

08:30 - 15:10

Subsidy

HRDA Approved

Training certificate

Human Resource Development Authority of Cyprus (HRDA)

Level

2

Mode of study

full-time

Method of instruction

classroom

Language

English

Educational material

printed

Laptop

not required

Course Instructors

Chrysostomos Kalos
Financial Services Professional

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Demetris Hadjiossif
CEO of Globia Wealth

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Course Locations

Locations:

  • Semeli Hotel, Petraki Giallourou 10, 1077, Nicosia, Cyprus

For more info call us on:

22398000

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