Obligations of intermediaries under the IDD
- 1 June 2021
- 17:00–19:00 CET
The session will outline the main regulatory obligations that emanate from the IDD as they apply to insurance intermediaries when they carry out their distribution activity. The local regulatory context of these obligations will be explained hence addressing the different obligations as they feature in the local prudential and conduct regulatory frameworks.
The following topics will be covered during this event:
- Regulatory context: the IDD and its transposition into the local prudential and conduct regulatory frameworks
- The application of the regulatory frameworks to intermediaries
- The obligations emanating from these frameworks including amongst others knowledge and ability requirements, CPD requirements, disclosure requirements, product governance, conflicts of interest, sales processes and selling practices
- A brief outline of financial penalties and other measures which may apply
The aim of the session is to highlight to the intermediaries the main obligations that emanate from the Insurance Distribution Directive and which they are expected to adhere to as they carry out their distribution activities.
Insurance intermediaries who distribute insurance products including brokers, agents and tied insurance intermediaries, as well as persons within these set ups who deal with insurance distribution.
Ms Josianne Briffa
Trainer bio & experience
Josianne Briffa has over 15 years of experience in financial services, specialising primarily in the area of financial regulation. She started her career within the Financial Services Advisory Team of a leading audit firm, after which she joined an international group where she led the Compliance and Internals Controls unit for the group’s insurance entities in Malta. In 2013, Josianne joined MAPFRE Malta and she holds the role of Group Chief Compliance Officer.
Josianne is a Certified Public Accountant and holds a Master of Arts in Financial Services with distinction from the University of Malta. She was the first Chairperson of the Regulatory Affairs Sector of the Malta Insurance Association and is a member of the Malta Association of Compliance Officers.