Continuous Professional Development: Online training programme Ganado Advocates is organising an online training programme that qualifies as structured CPD training. Targeted at insurance professionals, the programme includes 15 sessions, detailed hereunder. This course offers four new sessions, and the existing sessions have been updated with the latest content to reflect recent developments in their respective areas. This training program considers the requirements emanating from Chapter 7: Continuous Professional Development (the “Chapter”) whereby a relevant person and a relevant employee, as defined in the Chapter, are required to undertake as a minimum 15 hours of continuous professional development (“CPD”) training in each calendar year, which can take the form of structured CPD training or unstructured CPD training. As a minimum, such CPD training shall include 15 hours of structured CPD training. The programme includes 15 sessions covering a number of topics as indicated in Section 6.8 to 6.10 of Chapter 6 in Part B of the Insurance Distribution Rules and which qualify as structured CPD training. A defined number of hours are allocated to each session and a written assessment shall be carried out after each session in order to provide a certificate of attendance that may be used for CPD purposes indicating the number of hours of the session and the topic/s and areas covered. The training programme offers attendees the possibility to select the sessions required. - Duration – 1 hour per session - Delivery – Virtual via GoToWebinar Fees per participant: - €340 (incl. VAT) for 5 sessions (minimum requirement) - €90 (incl. VAT) per additional session - €900 (incl. VAT) for all 15 sessions Certification: - A certificate of attendance will be issued to all participants. - CPD training will be followed by a written assessment. This course offers four new sessions, and the existing sessions have been updated with the latest content to reflect recent developments in their respective areas. Legal aspects and regulatory developmentsSession 1 - An overview of the European and Maltese regulatory framework – Insurance Intermediaries Tuesday 17th September 2024 – 3pm Duration: 1 hour Presenter: Emma Cassar Torregiani, Associate General overview of the legal framework and key licensing requirements of: Insurance agents, Insurance brokers and Insurance managers Tied Insurance Intermediaries and Ancillary Insurance Intermediaries Session 2 - The Insurance Distribution Rules (Part A) Thursday 19th September 2024 – 3pm Duration: 1 hour Presenter: Romina Bonnici, Senior Regulatory Advisor Overview: A detailed review of Part A of the Insurance Distribution Rules Session 3 - The Insurance Distribution Rules (Part B) Tuesday 24th September 2024 – 3pm Duration: 1 hour Presenter: Romina Bonnici, Senior Regulatory Advisor Overview: A detailed review of Part B of the Insurance Distribution Rules Session 4 - Product Oversight and Governance Arrangements Thursday 26th September 2024 – 3pm Duration: 1 hour Presenter: Romina Bonnici, Senior Regulatory Advisor Overview: Objectives of product oversight and governance arrangements Target market Product design and testing Product distribution Product monitoring Objectives of product distribution arrangements Distribution strategy Session 5 - Financial Crime including Sanction Screening Tuesday 1st October 2024 – 3pm Duration: 1 hour Presenter: Elaine Magri, Associate Overview: Anti-money laundering legislation and guidance Sanction screening Session 6 - Passporting Thursday 3rd October 2024 – 3pm Duration: 1 hour Presenter: Romina Bonnici, Senior Regulatory Advisor General overview of the: Passporting Rules and Regulations Passporting application process Session 7 - ESG Tuesday 8th October 2024 – 3pm Duration: 1 hour Presenter: Luke Hili, Associate Overview: General Introduction to ESG Overview of regulatory framework Insurance-specific considerations Integration of sustainability within the governance of insurance undertakings Sustainability-related disclosures under the SFDR Session 8: Digital Operational Resilience Act (DORA): A Practical Approach to Implementation and Regulatory Expectations Thursday 10th October 2024 – 3pm Duration: 1 hour Presenter: Beppe Sammut, Senior Associate Overview: Application, subject-matter and scope Important definitions Governance – Responsibilities of the Board of Directors ICT risk management, ICT-related incident management, classification and reporting Digital operational resilience testing ICT-third party risk Competent authorities The Insurance Sector: the insurance market, market participants and products[NEW] Session 9: Fairness in Distribution – Lessons Learnt Tuesday 15th October 2024 – 3pm Duration: 1 hour Presenter: Philippa Taylor-East, Regulatory Advisor Overview: Fair treatment of clients is one of the tenets of the IDD. The session will explore the outcomes that distributors are expected to achieve to ensure fair treatment of customers and what is expected from a regulatory perspective. [NEW] Session 10 – Directors and Officers Insurance: Legal and practical insights of D&O insurance Thursday 17th October 2024 – 3pm Duration: 1 hour Presenter: Nadia Cassar, Senior Associate General overview of: the different Maltese legislation which may impose liability on the directors of Maltese companies; ways in which D&O insurance may mitigate this liability to which directors are exposed. Ethics and professional conductSession 11: Corporate Governance Tuesday 22nd October 2024 – 3pm Duration: 1 hour Presenter: Stephanie Cassar, Associate General overview of: MFSA Code on Corporate Governance The Three-Lines Model Assessing the client needsSession 12: Demands and Needs Assessment Thursday 24th October 2024 – 3pm Duration: 1 hour Presenter: Emma Cassar Torregiani, Associate Overview: Format Statement Signature Online sales Renewals Monitoring Information DisclosureSession 13: The Sales Process Tuesday 29th October 2024 – 3pm Duration: 1 hour Presenter: Elaine Magri, Associate Nico Fauser, Advocate Overview: Medium of disclosure Disclosures of Information on Regulated Person Disclosures on the Services and Products provided by the Regulated Person Disclosures on Conflicts of Interest Suitability and appropriateness testing Sustainability preferences Complaints handling Distance Selling (Retail Financial Services) Regulations – Latest developments [NEW] Session 14: Data Protection Compliance for the Insurance Market: Ongoing Obligations and Latest Developments Thursday 31st October 2024 – 3pm Duration: 1 hour Presenter: Philip Formosa, Senior Associate Overview of the ongoing requirements and the latest developments in data protection within the insurance industry [NEW] Session 15: Fundamental Principles of Insurance: Insurable Interest and Utmost Good Faith Tuesday 5th November 2024 – 3pm Duration: 1 hour Presenter: Philippa Taylor-East, Regulatory Advisor Overview and practical insight on two of the critical concepts of insurance: “Insurable Interest” and “Utmost Good Faith.” Register here