MMS to host ‘The Final Countdown: 180 Days to MiFID II, and the Impending IDD’ event
Time is running out to be ready for MiFID II and IDD by the end of the year.
Although project teams will have had both of these Directives on the agenda for some time, many businesses will still be facing a rush to compliance – not least because at the time of writing industry have not received the full suite of publications that implement the Directives.
This seminar builds on the themes of our previous seminar on distribution, but with specific reference to the financial services sector. As such, as well as covering MiFID II and IDD, the seminar will include discussion of other legislation and initiatives impacting distribution channels in this sector, including from a competition law angle.
A recent survey contains the striking statistic that 85% of asset managers will not be compliant with MiFID II rules until the fourth quarter of 2017 or even later.
At MMS we have over the past year or so been able to participate in MiFID II project discussions in various capacities and identify the real issues that those affected are grappling with. Such issues include:
- suitability and appropriateness;
- best execution;
- product governance; and
- inducements and research.
We hope to provide attendees with a focused and practical insight into these issues to provide a path forward to ensure that the early 2018 implementation date can be met.
The IDD (Insurance Distribution Directive) is designed to improve EU regulation on the sale of insurance products and member states including the UK are required to bring into force the laws, regulations and administrative provisions necessary to comply with the IDD by 23 February 2018. Discussion of the IDD will include requirements for insurance-based investment products, passporting rights, the registration process for intermediaries and organisational requirements for firms.
Other legislation and initiatives
This portion of the seminar will, at a minimum, cover competition and distribution channels and the FCA’s asset management survey. We are keeping a watching brief on other legislative developments that may impact on distribution channels and may comment on those developments in addition.
Location: MMS Edinburgh, Quartermile One, 15 Lauriston Place, Edinburgh EH3 9EP
Date/Time: 31/08/2017 – 8:30AM to 10:30AM
0830 Registration & breakfast
0900 Seminar & discussion
1000 Discussion & refreshments
A further opportunity to chat with our speakers and network with other guests over refreshments
1030 Seminar close
To find out more and book your place, click here.
Other Dates and Locations
London – 14 September