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Operational and Technical Challenges for PRIIPs

Overcoming the practical challenges involved in the generation and review of KIDs and compliance with PRIIPs

26-27 June 2017
Hilton Canary Wharf, London, United Kingdom

Conference Workshop

A practical look at determining costs and pricing for the purpose of generating the PRIIPs KID

David will lead a focused practical session looking at one of the most challenging areas with regard to the generation of the KID: the calculation of the costs involved, the effect of fees on various performance scenarios, as well as the impact on more complex scenarios e.g. the effect of ‘swinging pricing’.

Workshop Moderator: David Coles

Company: Independent Project Manager


Why You Should Attend

Operational and Technical Challenges for PRIIPs

The Regulation on KIDs for PRIIPs has been plagued by delay, meaning financial institutions are undertaking a stop-start implementation process. The industry is crying out for more detail and clarity on a wide variety of different areas, whether this be transaction costs or performance scenarios, or even the types of products that require a KID. It is a regulation that despite industry resistance and although with an admirable aim of improving the information given to retail investors, must be implemented by January 2018. Implementation was expected in January 2017 but a rejected of the level 2 regulatory technical standards by the European Parliament in September 2016, led to the delay in implementation to coincide with another significant and wide-reaching European regulation – Markets in Financial Instruments Directive II. The difficulty of the PRIIPs document is ultimately the issue of creating a document that achieves completeness with regard to the detail surrounding a product, in addition to being concise - a maximum of three pages – yet being clear for a retail investor, who perhaps has a limited technical knowledge. Transitional arrangements for UCITS funds who need not comply for a further two years only adds to the confusion with anecdotal comments suggesting that data requested by insurance brokers from asset managers has led to the latter scrambling for the data due to this confusion.

This marcus evans event will enable financial institutions to discuss the practical challenges that are involved with the generation and review of the KIDs, as well as numerous issues – whether legal, classificatory or definitional – that are causing confusion. By understanding the current regulation correctly, financial institutions will be able to confidently proceed with the implementation comfortable in the knowledge that they are progressing in the same way as other institutions, and as the regulators wish.


Key Topics

  • Obtain an update of the latest on PRIIPs from the regulators, as well as the regulatory timelines to which firms are working
  • Achieve a comprehensive insight into the content of the PRIIPs KID, specifically with regard to performance scenarios
  • Gain clarity on the definitional, classificatory, and legal issues still causing confusion
  • Understand the required data processes required to calculate costs, pricing and risk for the components of the PRIIPs KID
  • Previous Attendees Include

    ABN Amro – Aegon – Arion Bank – Arqaam Capital – Bank of Ireland – Credit Agricole – Daiwa Capital Markets – DNB – EIB – Generali – ING – Jyske – Lloyds Banking Group – Lombard Odier – MCGraw Hill Financial – NN Group – Nomura – Nordea Group – Norges Bank – OP – Riffeisen Bank – RBS – Saxo Bank – SEB – Societe General – Swedbank – Unicredit


    Why Choose marcus evans?

    marcus evans specialises in the research and development of strategic events for senior business executives. From our international network of 63 offices, marcus evans produces over 1000 event days a year on strategic issues in corporate finance, telecommunications, technology, health, transportation, capital markets, human resources and business improvement.

    Above all, marcus evans provides clients with business information and knowledge which enables them to sustain a valuable competitive advantage and makes a positive contribution to their success.


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    Event Partners


    Practical Insights From

    Dan Hedley
    Director of Regulatory Policy
    Fidelity International

    Sarbjit Panesar
    Global Head of Business Development – Insurance
    Société Générale Securities Services

    Tim Walters
    Expert on Conduct of Business Policy
    EIOPA

    Sean Tuffy
    Head of Regulatory Intelligence
    Brown Brothers Harriman

    Stuart Corrigall
    Director, Head of Product Structuring
    BlackRock

    Darryl Cornelius
    Head of European Regulatory Projects
    State Street Global Advisors

    Francesco Martiniello
    Head of Group Regulatory Counsel, Group Compliance
    Unicredit

    Peter Maas
    Principal Risk Specialist, Prudential Supervision and Specialists Department
    Financial Conduct Authority

    Click Here For Full Agenda

    Voice of Our Customers
    • “It has been very interesting, educations and eye opening. Learning we are all partly alike and partly have a different reality. Realising in some parts we’re well ahead and in some areas we need to be more risk attuned” Senior Risk and Compliance Office, Nordea
    • “Very good. presentation was good excellent conference” Head of Regulatory, Scotiabank
    • “Overall a very good conference with useful information” Executive Director, Goldman Sachs
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    Event Contact

    For all enquiries regarding speaking, sponsoring and attending this conference contact:

    Yiota Andreou


    marcus evans (Europe) Ltd
    PO Box 24797
    Cyprus

    Telephone:
    +357 22 849 404
    Fax: +357 22 849 310
    Email: YiotaA@marcusevanscy.com