Product Governance Rules Require Insight

Financial product makers addressing new obligations under MiFID II

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Rob Swan, managing director and head of data services, Calastone

The product governance rules recently specified in the delegated acts for the Markets in Financial Instruments Directive (MiFID II) require look-through all the way through the chain of distribution, says Rob Swan, managing director and head of data services at Calastone.

Swan says the acts bring clarity to the product governance rules of the directive, particularly with regard to the relationship between the product and the manufacturers.

"Both the distributor and the fund manufacturer will be