The EU’s MiFID II introduce more onerous rules for Product Due Diligence (PDD) on the distributors of financial instruments and services.
Our PDD solution enables clients to ensure they can evidence compliance with the regulatory requirements:
- Management Body Oversight: Ensure that Senior Management have control over products sold to clients
- Resources/Expertise: Show the producer has the resources relevant to the product (personnel, systems, data etc.)
- Target Client: Document the types of client the product/service is suitable for based on the investment profile
- Monitoring/Reporting: Show that products are monitored and results are reported and acted upon
GRC-Maestro keeps the records you need to show: the who, what, when and why regarding PDD.
For more information on the GRC-Maestro Platform click here.