MIFID II - Product Governance

With the implementation of MiFID II, firms have had to focus on ensuring robust product governance procedures are in place.

This session is aimed at highlighting how product governance should be interpreted for buy-side firms and will provide interactive case studies and examples of good practice.

KEY LEARNING OBJECTIVES:

• Have a practical run through of each of the obligations and what they pertain to in practice
• Gain insight as to what good product testing looks like
• Understand what levels of information should be obtained from / provided to third parties
• Look at the way proportionality might be relied upon for different types and complexity of funds
• Understand what the impact of proportionality is in practice
• A look at a robust compliance process for the inception and approval of new funds, including, how to determine the target market and identify issues both before, during and after the point of sale that may need enhanced monitoring
• Review the nature and depth of the compliance reports that should be submitted to the executive committees of the firm

09:30 Overview of “manufacturer” and “distributor” product governance obligations, including

• Target market identification
• Product testing
• Information sharing with third parties

10:00 The impact of proportionality

• When can it be relied on and what is the practical impact
• Extraterritorial considerations

11:00 Tea/Coffee Break

11:15 The product governance life-cycle – a case study

• Step by step walk through of the approval process
• Ongoing monitoring obligations

12:00 Q&A Session

12:30 End and Networking Lunch

• A sandwich lunch will be provided and an opportunity for you to network with the trainer and other delegates

IA Member £245.00 +VAT
Non-Member £345.00 +VAT

Pay using a credit card online, or if you wish to be invoiced please email your full details to: Training@theia.org

PLEASE NOTE: Full payment for the course must be made prior to the course commencement date.

Any cancellation must be made in writing. For all cancellation received 15-30 days prior to the course start date, 50% of the course fee is still payable. No refund is given for a cancellation made 14 days or less prior to the commencement of a course. Transferring from one course to another is treated as a cancellation. You can substitute one delegate for another at no additional cost. In this instance, please give two business days’ notice.

Anne Mainwaring

Ms. Mainwaring specializes in financial services regulatory advice and has experience advising a wide range of financial institutions on a variety of legal and regulatory risk management matters, with particular expertise in relation to the FCA’s Conduct of Business Rules and European regulatory developments, such as the Packaged Retail & Insurance-based Investment Products (PRIIPs) Key Information Documents (KID) and Markets in Financial Instruments Directive II (MiFID II). Ms. Mainwaring spent nine months on secondment to the UK Financial Conduct Authority, where she worked on the Markets Policy team in relation to the implementation of MiFID II and the preparations for Brexit, including the onshoring of EU financial services legislation.

Ms. Mainwaring also has particular expertise in relation to conduct and cultures, and has spent time on secondment at a global investment bank in relation to their conduct risk project.

Jonathan Ritson-Candler

Mr. Ritson-Candler specializes in financial services regulatory advice and has experience advising a range of financial institutions and market infrastructure providers on domestic and cross-border regulatory issues.

Mr. Ritson-Candler advises global investment banks, corporate finance houses, fund managers, insurers, stockbrokers, and market infrastructure and data services providers on a variety of legal and regulatory risk management matters. He has particular expertise in the FCA’s Conduct of Business Rules; European regulatory developments such as MiFID II, MAR and PRIIPs KID; and the EU Benchmark Regulation, as well as having a particular interest in anti-money laundering and financial crime.