Friday, 5th February 2021
Webinar
This event has already passed and registrations are closed.
Overview
This webinar is aimed at Tied Insurance Intermediaries who are still licensed under the Insurance Distribution Act in their own name and are therefore subject to regulatory requirements. During this webinar the Authority’s expectations as to how Tied Insurance Intermediaries are to abide by the regulatory requirements relating to conduct of business and prudential requirements will be further explained.
The Authority encourages interested participants to register by filling in the form below by not later than Wednesday 3 February 2021. Following successful registration to this webinar, an email will be sent to the registered participants on Thursday 4 February 2021 with a link to join the webinar.
Please note that all participants who have logged in with their credentials and have not received the certificate of attendance may request their certificate until the 30 September 2021. Certificates requested after such period will not be issued.
Agenda
| 0900hrs | Welcome Remarks
Emily Benson - Head, Conduct Supervision |
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| 0910hrs | Demand and Needs Testing and Suitability and Appropriateness Testing
Sarah Pulis - Deputy Head, Conduct Supervision |
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| 0940hrs | Pre-Contractual Disclosures
Clarissa Said - Analyst, Conduct Supervision |
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| 1000hrs | Contents of the KID
Emanuele Girgenti - Analyst (Actuarial), Conduct Supervision |
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| 1020hrs | Coffee Break | |
| 1030hrs | POG Requirements and Record Keeping
Jacqueline Fenech - Analyst, Conduct Supervision |
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| 1050hrs | Monies held in a Fiduciary Capacity
Stefano Lazze' - Senior Analyst, Insurance and Pensions Supervision Jessica Stivala - Senior Manager, Insurance and Pensions Supervision |
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| 1110hrs | FIAU Interpretative Note on Insurance Intermediary Activities under the PMLFTR
Yanika Pisani - Senior Officer, Legal Affairs, FIAU |
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| 1120hrs | Business Risk Assessment, Customer Risk Assessment and other Statutory Requirements relating to AML
Eric Micallef - Analyst, Financial Crime Compliance |
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| 1140hrs | Q&A Session | |
Speakers
Head, Conduct Supervision, MFSA
Emily Benson
Emily Benson was appointed Head of Conduct Supervision in March 2020. Emily is a UK regulatory lawyer with over 30 years of experience in the Financial Services sector. After qualifying as a solicitor in private practice, her career has included senior positions with the UK’s financial services regulator, then the FSA, and in-house with a high profile bank and a leading insurer. She has also worked for private firms and with a global consultancy firm. Her clients have been from all retail sectors and she is highly experienced in all forms of regulatory investigations and reviews, including leading reviews commissioned by the FCA under its skilled persons regime. Recently as Department Head in a leading UK law firm, she has advised on all types of regulatory processes including authorisations, compliance and corporate governance requirements for investment firms, intermediaries and banks and has led complex investigations and remediation projects. In addition to leading the regulator’s cross sectoral supervision of conduct, Emily will be continuing the regulator’s supervision of trustees and corporate service providers.
Deputy Head, Conduct Supervision, MFSA
Sarah Pulis
Sarah Pulis holds the position of Deputy Head within the Conduct Supervisory function at the MFSA. Sarah has twenty years of experience in the regulation and supervision of financial services, namely investment firms, collective investment schemes, company services providers, insurance undertakings and insurance intermediaries. She also represents the Malta Financial Services Authority on EIPOA’s Committee on Consumer Protection and Financial Innovation. Sarah read law at the University of Malta and graduated as a Notary Public and Doctor of Laws in 1996 and 1999 respectively. She also obtained a Master of Laws in European Union Law, from the University of Leicester in 2006, and lectures regularly on financial services regulation.
Analyst, Conduct Supervision, MFSA
Clarissa Said
Clarissa Said joined the MFSA as an Analyst in the insurance team within the Conduct Supervision function in 2019. She has 15 years’ experience in the local insurance industry and holds an ACII qualification from the Chartered Insurance Institute of London.
Analyst, Conduct Supervision, MFSA
Emanuele Girgenti
Emanuele Girgenti is a quantitative analyst who worked in the insurance industry for the past 10 years and joined the MFSA in 2019. His works experience ranges from life insurance, to reporting and enterprise risk management. He graduated in Statistics from the University of Rome “La Sapienza” and moved on to obtain a Master of Science in Actuarial Science at by the same institution. He was also awarded a Master of Science in Applied Actuarial Science by the University of Kent.
Analyst, Conduct Supervision, MFSA
Jacqueline Fenech
Jacqueline Fenech is an Analyst within the Conduct Supervision’s insurance team, joining the MFSA in 2019. Following her studies in Insurance and Commercial Studies at the Malta College of Arts and Technology, she worked in the local insurance Industry, mainly in the non-life sector, for almost 20 years.
Analyst, Financial Crime Compliance, MFSA
Eric Micallef
Eric Micallef started working at the Authority through an internship while he pursued his studies at the University of Malta. Holding a Bachelor’s Degree (Honours) in Criminology, he has been part of the Financial Crime Compliance function for almost two years. Eric is currently reading for an ICA International Diploma in Anti-Money Laundering as well as for a Masters in Forensic Accounting at the University of Portsmouth.
Senior Manager, Insurance & Pensions, MFSA
Jessica Stivala
Jessica Stivala is a Senior Manager within the Insurance and Pensions Supervision function of the MFSA. Since joining the Authority in 2012, Jessica has been involved in and led onsite inspections, desktop reviews, analysis and investigations, predominantly as part of the supervision of the insurance market. Additionally, she has served on a number of MFSA working groups and participates in EIOPA’s committees and Expert networks in the areas of quantitative requirements, audit and accounting. Prior to joining the Authority, she held the position of an Assurance Senior with a Big Four firm wherein she has gained professional experience in auditing. Jessica is a Qualified Public Accountant and holds a Bachelors (Honours) degree from the University of Malta as well as a Masters Degree in Accountancy. She is also a Fellow Member of the Malta Institute of Accountants and a Fellow Member of Association of Chartered Certified Accountants.
Senior Analyst, Insurance and Pensions, MFSA
Stefano Lazze'
Stefano Lazze’ joined the Malta Financial Services Authority in2012. He currently holds the position of Senior Analyst – Compliance within Insurance & Pensions Supervision, in which role he is responsible for the prudential supervision of insurance companies and insurance intermediaries. Prior to joining the Authority, he had worked within a Maltese insurance company for 16 years. Stefano attained his Fellowship (FCII) in 2017, and earlier, his Bachelor of Arts (Hons) in Financial Services from the University of Edinburgh in 2016.
Senior Officer, Legal Affairs, FIAU
Yanika Pisani
Dr. Yanika Pisani is a Senior Officer within the Guidance and Outreach – Legal Affairs Section of the FIAU, which team is responsible for identifying and responding to the guidance needs of subject persons. Yanika joined the FIAU in 2018 and primarily holds experience within the remote gaming sector. Since joining the FIAU, she has been involved in various AML/CFT projects across multiple industry sectors. As part of her work, Yanika also represents the FIAU by participating in outreach efforts among the private and public sector and provides training on AML/CFT. Yanika studied law at the University of Malta and is a warranted lawyer. She is also a Certified Anti-Money Laundering Specialist (CAMS).
