Webinar

CPD: EU Passporting

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General information

Date
To be confirmed
Time
17:00–19:00 CET
Venue
Online
Price
€35

EU Passporting into Maltese legislation | MITC Malta

Webinar description

Malta’s accession to the EU brought about the entitlement for an EU/EEA insurer or pure reinsurer to establish a branch or provide services in another EU/EEA state other than that where its head office is located. This has in turn triggered the transposition of the EU Passporting Directives into Maltese legislation. It is a licencing condition for a Maltese or a European insurance undertaking wishing to transact insurance business or establish a branch in any EU territory, to adhere to EU Passporting rules as stipulated under the respective chapters in the insurance rules.

What do you understand by freedom of establishment, freedom of service, passporting and employee mobility? Though these may be familiar words and jargon used in our businesses they all have different meanings and applications. After attending this session, you will understand the meaning and differences of these terms and how cross border transactions affect our business potential and operations.

Webinar topics

  • Applicable law and regulation
  • An outline on Freedom of Establishment
  • An outline on Freedom to Provide Services
  • Application process to obtain a Passport
  • Special Provisions for certain classes of business
  • An overview of General Good Provisions

Learning objectives

At the end of this seminar, participants should be able to identify the requirements and application process for insurance undertakings and intermediaries wishing to provide services or establish a branch in another member state.

Target audience

Directors, compliance officers, underwriters, insurance brokers.

Trainer(s) name(s)

Mrs Sandra Borg

Trainer(s) bio and experience

Sandra is an experienced insurance manager and risk and compliance officer with a demonstrated history of working in the financial services industry working with insurance brokers, captives, insurance companies and PCCs. She holds a strong knowledge of commercial and Legal Liability risks, corporate governance, compliance and risk management. She is known to be a reliable insurance and compliance professional with an Associate of the Chartered Insurance Institute (ACII) and a diploma in financial services operations and compliance. Sandra believes that learning is a continuous journey and has therefore embarked in reading an MBA with Henley Business School.

Sandra worked for seven years with a global consulting firm, where she headed the insurance, risk and compliance units of the insurance management company in Malta. She has now founded Konforma and is acting as compliance officer on various entities licensed in Malta.