Coverart for item
The Resource Distribution of insurance-based investment products : the EU regulation and the liabilities, editors: Pierpaolo Marano and Ioannis Rokas​

Distribution of insurance-based investment products : the EU regulation and the liabilities, editors: Pierpaolo Marano and Ioannis Rokas​

Label
Distribution of insurance-based investment products : the EU regulation and the liabilities
Title
Distribution of insurance-based investment products
Title remainder
the EU regulation and the liabilities
Statement of responsibility
editors: Pierpaolo Marano and Ioannis Rokas​
Contributor
Subject
Language
eng
Dewey number
346.4092
Index
no index present
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Marano, Pierpaolo,
  • Rokas, Iōannēs,
http://library.link/vocab/subjectName
  • Investments
  • Insurance law
  • European Union countries
Label
Distribution of insurance-based investment products : the EU regulation and the liabilities, editors: Pierpaolo Marano and Ioannis Rokas​
Instantiates
Publication
Note
The book addresses a topic at the intersection of two heavily regulated sectors: insurance and investment services. Until recently, scholars and professionals have approached insurance and investment services as two separate categories in the financial services sector, and as being governed by separate regulatory frameworks. In practice, however, the boundaries were and are blurred, a reality that regulators have begun to recognize and address in their more recent regulatory texts. The first part of the book approaches the new standards applicable to investment products based on insurance: insurance-based investment products (IBIPs). These rules are harmonized across the EU. The rationale behind this new definition is provided, together with a description of these products’ limitations. The analysis addresses the new rules and explores the legal regime and relevant standards applicable to IBIPs. The organizational rules concerning the design and distribution of IBIPs are also examined, and the book highlights e.g. how these rules are inspired by the principles of conduct. In closing, the ADR systems are analysed, in order to ascertain whether or not they can offer an effective tool for settling disputes over these products. In turn, the second part focuses on the liability for distribution of IBIPs, which ranks as one of the most conspicuous and relatively new legal phenomena, but at the same time, represents an exceptionally important field of civil liability in today’s world. Liability is still regulated at the national level. Thus, the four largest life insurance markets in the EU are considered, along with the largest emerging market for life insurance. The chapters on national laws also consider whether, and if so, how the new harmonized rules on IBIPs are being combined with those already in force in the jurisdictions considered. The goal is to determine whether the new rules are likely to change the doctrine and case law approach to these products, or whether the European legislators’ choices have no real impact on the protection of clients
Antecedent source
unknown
Bibliography note
Includes bibliographical references
Color
multicolored
Contents
  • Intro; Preface; Contents; Part I: The EU Discipline; The Notion of Insurance-Based Investment Products; 1 Introduction; 1.1 Overview of the Legal Framework; 1.2 MiFID and Insurance-Based Investment Products; 2 Retail Investment Markets and Products; 2.1 Retail Investment Products; 2.2 Benefits and Risks for Retail Investors; 3 Insurance-Based Investment Products as a Subset of Retail Investment Products; 4 What Forms Can Insurance-Based Investments Take?; 5 Towards a Legal Definition; 5.1 General Remarks; 5.2 Insurance Distribution Directive
  • 5.3 Regulation 1286/2014 on Key Information Documents for Packaged Retail and Insurance-Based Investment Products. From PRIPs to PRIIPs5.4 The Current Scope of PRIIPs Regulation; 5.5 Types of Risks Inherent to PRIIPs; 6 Final Remarks; References; The Legal Regime and the Relevant Standards; 1 Historical Analysis and Perspective of the Substantial Rules on the EU Regulation of Insurance Based Investment Products; 1.1 Brief Citation of the Main Legislation; 1.2 The European Passport Process; 2 The Route to Changes in the Financial Sector; 2.1 The New European System of Financial Supervision
  • 2.2 The Development of the EU Supervisory Structure2.3 PRIIPs: Evolution and Role; 2.4 A Cross-Sectoral Product Disclosures; 3 IDD and the Client Protection; 4 Non-complex Insurance-Based Investment Products; 5 Conflicts of Interest Regulation; 6 Inducements Regime; 7 Assessment of Suitability and Appropriateness; 8 Conclusions; References; Further Readinngs; The Product Oversight and Governance: Standards and Liabilities; 1 Where do the Product Oversight and Governance (POG) Come From?; 2 The Transposition of the POG Into the IDD; 3 Who Is the Manufacturer?; 4 The Product Approval Process
  • 5 Product Designing5.1 Target Market; 5.2 Product Testing; 6 Product Monitoring and Review, Remedial Actions; 7 The Products with Environmental or Social Objectives; 8 The Distribution Channels; 9 The "Negative" Target Market and the Sales Outside the Positive Target Market ("Grey Area"); 10 Potential Compliance Gaps: FCA Thematic Review of Product Development and Governance; 11 Are There New Liabilities from POG?; 12 Is the Failure to Comply with POG an Unfair Commercial Practice?; References; ADR and Insurance-Based Investment Products; 1 Introduction
  • 2 The Development of ADR for Insurance-Based Investment Products in the EU2.1 Overview; 2.2 Competence of the EU; 2.3 ADR in the UK for Insurance-Based Investment Products; 2.4 ADR in France for Insurance-Based Investment Products; 2.5 ADR in Germany for Insurance-Based Investment Products; 2.6 ADR in Spain for Insurance-Based Investment Products; 3 FIN-NET; 3.1 Introduction; 3.2 Membership of FIN-NET; 3.3 Operation of FIN-NET; 3.4 Evaluation of FIN-NET; 3.4.1 Evaluation by the CSES; 3.4.2 Lack of Awareness; 3.4.3 Gaps in Coverage; 3.4.4 Language; 4 Conclusion; References
Control code
on1090813003
Dimensions
unknown
Extent
1 online resource
File format
unknown
Form of item
online
Isbn
9783030116682
Level of compression
unknown
Note
SpringerLink
Quality assurance targets
not applicable
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote
System control number
(OCoLC)1090813003
Label
Distribution of insurance-based investment products : the EU regulation and the liabilities, editors: Pierpaolo Marano and Ioannis Rokas​
Publication
Note
The book addresses a topic at the intersection of two heavily regulated sectors: insurance and investment services. Until recently, scholars and professionals have approached insurance and investment services as two separate categories in the financial services sector, and as being governed by separate regulatory frameworks. In practice, however, the boundaries were and are blurred, a reality that regulators have begun to recognize and address in their more recent regulatory texts. The first part of the book approaches the new standards applicable to investment products based on insurance: insurance-based investment products (IBIPs). These rules are harmonized across the EU. The rationale behind this new definition is provided, together with a description of these products’ limitations. The analysis addresses the new rules and explores the legal regime and relevant standards applicable to IBIPs. The organizational rules concerning the design and distribution of IBIPs are also examined, and the book highlights e.g. how these rules are inspired by the principles of conduct. In closing, the ADR systems are analysed, in order to ascertain whether or not they can offer an effective tool for settling disputes over these products. In turn, the second part focuses on the liability for distribution of IBIPs, which ranks as one of the most conspicuous and relatively new legal phenomena, but at the same time, represents an exceptionally important field of civil liability in today’s world. Liability is still regulated at the national level. Thus, the four largest life insurance markets in the EU are considered, along with the largest emerging market for life insurance. The chapters on national laws also consider whether, and if so, how the new harmonized rules on IBIPs are being combined with those already in force in the jurisdictions considered. The goal is to determine whether the new rules are likely to change the doctrine and case law approach to these products, or whether the European legislators’ choices have no real impact on the protection of clients
Antecedent source
unknown
Bibliography note
Includes bibliographical references
Color
multicolored
Contents
  • Intro; Preface; Contents; Part I: The EU Discipline; The Notion of Insurance-Based Investment Products; 1 Introduction; 1.1 Overview of the Legal Framework; 1.2 MiFID and Insurance-Based Investment Products; 2 Retail Investment Markets and Products; 2.1 Retail Investment Products; 2.2 Benefits and Risks for Retail Investors; 3 Insurance-Based Investment Products as a Subset of Retail Investment Products; 4 What Forms Can Insurance-Based Investments Take?; 5 Towards a Legal Definition; 5.1 General Remarks; 5.2 Insurance Distribution Directive
  • 5.3 Regulation 1286/2014 on Key Information Documents for Packaged Retail and Insurance-Based Investment Products. From PRIPs to PRIIPs5.4 The Current Scope of PRIIPs Regulation; 5.5 Types of Risks Inherent to PRIIPs; 6 Final Remarks; References; The Legal Regime and the Relevant Standards; 1 Historical Analysis and Perspective of the Substantial Rules on the EU Regulation of Insurance Based Investment Products; 1.1 Brief Citation of the Main Legislation; 1.2 The European Passport Process; 2 The Route to Changes in the Financial Sector; 2.1 The New European System of Financial Supervision
  • 2.2 The Development of the EU Supervisory Structure2.3 PRIIPs: Evolution and Role; 2.4 A Cross-Sectoral Product Disclosures; 3 IDD and the Client Protection; 4 Non-complex Insurance-Based Investment Products; 5 Conflicts of Interest Regulation; 6 Inducements Regime; 7 Assessment of Suitability and Appropriateness; 8 Conclusions; References; Further Readinngs; The Product Oversight and Governance: Standards and Liabilities; 1 Where do the Product Oversight and Governance (POG) Come From?; 2 The Transposition of the POG Into the IDD; 3 Who Is the Manufacturer?; 4 The Product Approval Process
  • 5 Product Designing5.1 Target Market; 5.2 Product Testing; 6 Product Monitoring and Review, Remedial Actions; 7 The Products with Environmental or Social Objectives; 8 The Distribution Channels; 9 The "Negative" Target Market and the Sales Outside the Positive Target Market ("Grey Area"); 10 Potential Compliance Gaps: FCA Thematic Review of Product Development and Governance; 11 Are There New Liabilities from POG?; 12 Is the Failure to Comply with POG an Unfair Commercial Practice?; References; ADR and Insurance-Based Investment Products; 1 Introduction
  • 2 The Development of ADR for Insurance-Based Investment Products in the EU2.1 Overview; 2.2 Competence of the EU; 2.3 ADR in the UK for Insurance-Based Investment Products; 2.4 ADR in France for Insurance-Based Investment Products; 2.5 ADR in Germany for Insurance-Based Investment Products; 2.6 ADR in Spain for Insurance-Based Investment Products; 3 FIN-NET; 3.1 Introduction; 3.2 Membership of FIN-NET; 3.3 Operation of FIN-NET; 3.4 Evaluation of FIN-NET; 3.4.1 Evaluation by the CSES; 3.4.2 Lack of Awareness; 3.4.3 Gaps in Coverage; 3.4.4 Language; 4 Conclusion; References
Control code
on1090813003
Dimensions
unknown
Extent
1 online resource
File format
unknown
Form of item
online
Isbn
9783030116682
Level of compression
unknown
Note
SpringerLink
Quality assurance targets
not applicable
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote
System control number
(OCoLC)1090813003

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