IDD: CPD Training Programme

      

Course Outline

GANADO Advocates, in collaboration with MIMA, are organising a 6-session training programme covering a number of topics relating to the Insurance Distribution Rules.

Accreditation / Certification

A defined number of hours are allocated to each session and a certificate of attendance will be provided to each attendee indicating the number of hours, the topic(s) and areas covered. This programme qualifies as structured CPD training.

Venue

ILS Tuition Centre, 19/12 Vincenti Buildings, Strait Street, Valletta VLT1432

Registration

You can book all the sessions at 480€ per person, or individual sessions at the fee indicated for each one; Session 2 and 3 need to be booked together.
When booking an individual session, please indicate the number of the session in the box “other comments” in the registration form.

Please use our online registration form.

Programme

SESSION 1
22nd January 2019 (4pm-6pm)
An overview of the European and Maltese regulatory framework
Applicable to: General Business, Long Term Business and Insurance Based Investment Products (IBIPs)
Delivered by: Dr. Elaine Magri, Mr. Stefan Vella
Session fee:  € 80 per person

  1. General overview of the EU Directive, Delegated Regulations and Implementing Technical Standards and their transposition in Maltese legislation;
  2. Overview of the:
  • Provisions of the Insurance Distribution Act (Cap. 487);
  • Regulations supplementing the Insurance Distribution Act; and
  • Insurance Distribution Rules.

SESSION 2
24th January 2019 (4pm-6pm)
The Conduct of Business Rulebook (1)
Applicable to: General Business, Long Term Business and IBIPs
Delivered by: Dr. Elaine Magri, Ms. Tanya Causon
Session fee:  € 80 per person

Overview of the main requirements of the MFSA Conduct of Business Rulebook including:

  • Advice and assessment of clients’ demands and needs;
  • Suitability and appropriateness of the products;
  • The Insurance Product Information Document (“IPID”);
  • The Key Information Document (“KID”) for packaged retail and insurance-based investment products (PRIIPs); and
  • Management of conflicts of interest related to re/insurance distribution activities.

SESSION 3
29th January 2019 (4pm-6pm)
The Conduct of Business Rulebook (2)
Applicable to: General Business, Long Term Business and IBIPs
Delivered by: Mr. Stefan Vella, Mr. Julian Boffa
Session fee:  € 80 per person

Overview of the main requirements of the MFSA Conduct of Business Rulebook including:

  • Information disclosure requirements;
  • Product oversight and governance requirements for Manufacturers;
  • Product oversight and governance requirements for Distributors; and
  • Complaints handling.

SESSION 4
31st January 2019 (3pm-6pm)
Applicable legislation, regulations and rules affecting re/insurance distribution activities
Applicable to: General Business, Long Term Business and IBIPs
Delivered by: Dr. Nadia Cassar, Ms. Tanya Causon, Dr. Matthew Brincat
Session fee:  € 120 per person

General overview of the:

  • Protection and Compensation Fund Regulations (S.L. 403.13);
  • Distance Selling (Retail Financial Services) Regulations (S.L. 330.07);
  • Function of the Office of the Arbiter of Financial Services;
  • Malta Financial Services Authority Act (Cap. 330);
  • Duty on Documents and Transfers Act (Cap. 364); and
  • Relevant social and employment law (including the organisation and benefits guaranteed by the pension system in Malta).

SESSION 5
4th February 2019 (4pm-5.30pm)
General Data Protection Regulation
Applicable to: General Business, Long Term Business and IBIPs
Delivered by: Mr. Julian Boffa
Session fee:  € 60 per person

The General Data Protection Regulation (Regulation (EU) 2016/679) applied to the ambit of the insurance industry.

SESSION 6
12th February 2019 (4pm-6pm)
General principles of insurance and the local insurance market
Applicable to: General Business, Long Term Business and IBIPs
Delivered by: Dr. Matthew Bianchi, Ms. Tanya Causon
Session fee:  € 80 per person

General overview of the:

  • Principles of insurance which form the basis of both the underwriting and claims operations (Utmost Good Faith, Insurable Interest, Proximate Cause, Indemnity, Subrogation, Contribution); and
  • Local insurance market, including the components making up the local insurance market detailing the function, scope and main operations conducted by re/insurance undertakings and intermediaries.

 

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