ROUTES: IVASS - CONSOB UPDATE

Ivass Thematic Area: CONTRACTUAL AND PRODUCTS

Ivass area module: 5. Evaluation of the advantages and disadvantages of the different investment options for policyholders

Consob Thematic Macro Area: INVESTMENT EVALUATION

ESMA criteria point V.III: Letter B.

OBJECTIVES

  • Catalog the different items of charges and costs that are applied in the world of managed savings,
  • Analyze an example of a cost and burden structure,
  • Identify the differences between the various cost items in relation to specific types of financial instruments.

DURATION

1 hours

CONTENTS

MODULE 1 - Commissions and cost indicators

• Collective management, costs and general criteria
• The reference regulatory framework
• Methods of aggregation and communication in analytical form
• Learning Stop
• UCITS discipline and costs
• The PRIIPS discipline and the main differences compared to the UCITS directive
• Representation of costs in accounting reporting
• The codification of the Bank of Italy on incentive fees
• Learning Stop
• Glossary of commissions and cost indicators

 

MODULE 2 - Analysis of cost items

• Introduction to the Total Expense Ratio
• The Total Shareholder Cost
• Commissions directly borne by the subscribers
• Learning Stop
• Information on costs and associated charges
• Information on costs and annex 2) of EU Regulation 2017/565
• Table 1) of Annex II to EU Regulation 2017/565
• Table 2) of Annex II to EU Regulation 2017/565
• Ex-ante communication of costs pursuant to EU Regulation 2017/565
• Learning Stop
• Information on costs and EU Regulation 2014/1286 (KID)
• Attachments 6) to EU Regulation 2017/653
• Attachment 7) to EU Regulation 2017/653
• Information on asset management costs
• Learning Stop

 

TECHNICAL REQUIREMENTS:

 

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Minimum video resolution

The courses are optimized for a 1024 × 768 display on PCs and tablets of at least 7 inches.

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DATA TRACKING METHOD: SCORM 1.2

CERTIFICATION / CERTIFICATE

Final reports and certificate of use compliant with the provisions of the IVASS Regulation.

DEVELOPMENT TECHNOLOGY:

HTML5

PRODUCED BY:

PIAZZA COPERNICO

Content edited by: LYVE

Teaching: Paolo Schettino De Focatiis

COURSE CODE:

0006_18_13