MIFID II - Product Governance

MiFID II product governance requirements have been in place for several years now and we have seen regulators undertake reviews of firm’s implementation of the requirements in the last 12-18 months. This session is aimed at highlighting regulatory expectations for buy-side firms and what good and poor practice looks like when practically implementing the requirements for manufacturers and distributors.

Key Learning Objectives:

• Overview of the regulatory requirements - Run through of the obligations on both product manufacturers and distributors, including what they mean in practice
• The Product Governance life-cycle - Understand the full product governance life-cycle from concept and design through to launch and post-sale reviews. This will include both the launch of new funds as well as the review of existing funds
• Product Governance Framework - Review the key components of an appropriate product governance framework, the key processes and controls needed through the product lifecycle and interactions between teams and Frameworks
• Regulatory Focus Areas - Gain insight into the areas where regulators are focusing in supervisory engagements with firms, both in terms of thematic reviews and individual firm interactions
• Identified industry good and poor practice - Sharing good and poor practice identified by both regulators and the industry and share thoughts on where firms can focus attention to ensure compliance

09:30 Overview of the regulatory requirements regarding Product Governance

• Regulatory context, requirements and expectations
• Responsibilities for both manufacturers and distributors

10:00 The Product Governance Framework

• Key components of a Product Governance framework
• Policy implementation and processes & procedures
• How to achieve demonstrable compliance

11:00 Tea/Coffee break

11:15 The Product Governance life-cycle – a case study

• Tangible case study example through the product lifecycle
• What does ‘good’ look like?

12:00 Q&A Session

12:30 End and Networking Lunch

• Compliance SMF 16
• Risk SMF 4
• Head of Product
• Product Mgt & Governance
• Sales & Distribution
• ManCo Board members (oversight)

IA Member £545.00 +VAT
Non-Member £395.00 +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.

Hybrid Training Courses:

We will continue to monitor and follow government guidance regarding coronavirus (Covid-19) to ensure the safety of our team and our members. Please be advised some training courses could change from hybrid delivery (being held in-person and virtually) to solely virtual delivery, should government guidance require.

Sanam Arora

Sanam is a Senior Manager at Alpha and leads Alpha’s activities in the Product space, supporting firms with a wide-range of strategy, compliance and transformation initiatives. She has over 10 years of experience within the Asset Management industry, including roles within industry and consultancy. She has delivered a number of significant Product Governance and Compliance initiatives, including the AMMS Market Study and Consumer Duty, where she has designed and implemented assessment frameworks, internal and external reporting as well as the operating model required to deliver regulatory compliance on an ongoing basis.