Compliance Essentials: Understanding Product Governance, PRIIPs, and KIDs Compliance

This course offers a comprehensive examination of product governance under MiFID II, emphasizing key facets such as meticulous lifecycle management, precise suitability assessments, and adept target market identification. Furthermore, participants will gain a nuanced understanding of PRIIPs and KIDs compliance essentials. This program equips professionals with the knowledge and strategic insights necessary to navigate complex regulatory landscapes proficiently. Elevate your expertise and ensure your organization’s adherence to stringent compliance standards with this essential course in financial governance. Financial institutions and professionals face increasing regulatory complexity, especially with frameworks like MiFID II, PRIIPs, and KIDs. Compliance is paramount to avoid penalties, litigation, and reputational damage. This course addresses the growing demand for specialized knowledge in navigating these intricate regulatory landscapes. Financial professionals, compliance officers, and legal experts require up-to-date skills to ensure product governance aligns with evolving regulations. The course caters to this pressing need, providing a valuable resource for individuals and organizations striving to stay compliant, mitigate risks, and uphold industry standards.

Aim: 

The objective of the course is to equip financial professionals with a comprehensive understanding of key regulatory frameworks, specifically focusing on MiFID II, PRIIPs, and KIDs. Participants will delve into the intricacies of product governance, mastering essential elements such as lifecycle management, suitability assessments, and target market identification. The course aims to provide in-depth insights into the compliance landscape, empowering professionals to navigate evolving regulations effectively. By the end of the program, participants will possess the knowledge and strategic acumen needed to ensure their organizations adhere to rigorous compliance standards and foster sound financial governance practices.

Objectives:

By joining our course, participants will: 

At knowledge level:

  • Acquire an in-depth understanding of key regulations, including MiFID II, PRIIPs, and associated directives 
  • Gain comprehensive knowledge of product governance principles, from lifecycle management to suitability assessments. 

At skill level: 

  • Ability to implement effective compliance strategies, aligning products with MiFID II. 
  • Capacity to effectively and efficiently prepare and present regulatory documentation, particularly in the context of disclosing necessary information to clients. 
  • Acquire analytical skills, enabling them to critically assess product suitability, appropriateness, and target market identification. 

At attitude level: 

  • Heightened awareness of legal obligations. 
  • Increased sensitivity to ethical considerations, emphasizing the importance of fair and transparent practices within the financial industry.
  • Commitment to regulatory compliance, instilling a sense of responsibility to adhere to legal frameworks and reporting obligations to prevent market abuse.

Training Curriculum

 

Chapter 1: Overview of Regulatory Landscape 

  • Introduction to MiFID II: Directive 2014/65/EU
  • Overview of PRIIPs and KIDs: Regulation (EU) No 1286/2014

 

Chapter 2: Product Governance under MiFID II

  • Product Lifecycle Management: MiFID II – Article 16: Product Governance
  • Suitability and Appropriateness Assessments: MiFID II – Article 25: Suitability and Appropriateness
  • Target Market Identification: MiFID II – Article 24: Obligations for Manufacturers

 

Chapter 3: PRIIPs Compliance 

  • Understanding PRIIPs: PRIIPs Regulation (EU) No 1286/2014
  • Preparing Key Information Documents (KIDs): PRIIPs Regulation Annex I – Key Information Document

 

Chapter 4: Key Information Documents (KIDs) Compliance 

  • Legal requirements for KIDs: PRIIPs Regulation (EU) No 1286/2014, Article 8
  • KIDs Content Standards: PRIIPs Regulation Annex I – Key Information Document
  • Strategies for aligning KIDs with MiFID II and PRIIPs compliance: Cross-referencing MiFID II provisions with PRIIPs requirements

 

Participation Contribution: €200+VAT

Course Dates

Date
Time
26/03/2024
10:00 - 14:15
27/03/2024
10:00 - 14:15
28/03/2024
10:00 - 14:15
29/03/2024
10:00 - 14:15

*CPD Recognition

This programme may be approved for up to 6 CPD units in Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.