Continuous Professional Development:
Online training programme

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 12 hours of structured CPD training.

The training programme includes 9 sessions (15 hours) 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. All sessions will be held online.

Session 1 - An overview of the European and Maltese regulatory framework – Insurance intermediaries

Thursday 23rd June 2022 – 11am to 12:30pm 

General overview of the legal framework and key licensing requirements of:

  • An insurance agent/broker
  • An insurance manager
  • A TII/AII
  • An Introducer

Participants:

Tanya Causon, Insurance Regulatory Director
Philippa Taylor-East, Regulatory Advisor

Session 2 - Passporting Regulations

Thursday 30th June 2022 – 11am to 12pm

General overview of the:

  • Passporting Rules and Regulations
  • Passporting application process

Participants:

Romina Bonnici, Senior Regulatory Advisor

Session 3 - The sales process – General business insurance

Thursday 7th July 2022 – 11am to 1pm

  • Information disclosure requirements
  • The Insurance Product Information Document (“IPID”)
  • Disclosure medium
  • Demands and needs

Participants:

Romina Bonnici, Senior Regulatory Advisor
Stephanie Cassar, Associate

Session 4 - The sales process - Life insurance

Thursday 28th July 2022 – 11am to 1pm

  • Information disclosure requirements
  • The Key Information Document (“KID”) for packaged retail and insurance-based investment products (PRIIPs)
  • Advice and non-advice
  • Demands and needs
  • Appropriateness/suitability assessment
  • EIOPA guidance on integration of customer sustainability preferences in suitability assessment

Participants:

Elaine MagriAssociate
Tanya Causon, Insurance Regulatory Director

Session 5 - Product oversight and governance

Thursday 4th August 2022 – 11am to 1pm

General overview of the:

  • Product oversight and governance requirements for manufacturers
  • Product oversight and governance requirements for distributors

Participants:

Nadia Cassar, Senior Associate
Emma Cassar Torreggiani, Associate

Session 6 - ESG

Thursday 25th August 2022 – 11am to 12:30pm

  • Environmental, social and governance requirements related to distribution activities

Participants:

Luke Hili, Associate

Session 7 - Financial crime

Thursday 1st September 2022 – 11am to 1pm

General overview of the:

  • Anti-money laundering and the FIAU Implementing Procedures
  • Sanction screening

Participant:

Elaine MagriAssociate

Session 8 - Related legislation - Part I

Thursday 15th September 2022 – 11am to 12:30pm

General overview of the:

  • Protection and Compensation Fund Regulations (S.L. 403.13)
  • Distance Selling (Retail Financial Services) Regulations (S.L. 330.07)
  • Duty on Documents and Transfers Act (Cap. 364)

Participants:

Nadia Cassar, Senior Associate
Philippa Taylor-East, Regulatory Advisor

Session 9 - Related legislation - Part II

Thursday 29th September 2022 – 11am to 12:30pm

General overview of the:

  • Function of the Office of the Arbiter of Financial Services
  • The General Data Protection Regulation (Regulation (EU) 2016/679

Participants:

Matthew Brincat, Partner
Luke Hili, Associate

Discounted fees apply for individuals registering for the whole course, for individuals registering for 5 sessions or more and when more than 3 persons from the same company are attending the same sessions.

Note: The minimum attendance required is of 4 sessions.