Product Governance eLearning

This eLearning module provides an overview of the FCA’s Product Governance (PROD) rules. It explores the principal obligations on both manufacturers and distributors and considers the FCA’s expectations of firms, including the outcome of the regulator’s 2021 review.

The module also outlines the interaction between the PROD rules and the Consumer Duty.

This module and the end of course assessment can be tailored to incorporate client-specific content.

This module is suitable for all staff.

1. Introduction
   
   
2. Definitions and Background

• • What is product governance?
  • What is the purpose of the rules?
  • The link to the Consumer Duty

3. Product Design

• • Key obligations on product manufacturers
  • Managing conflicts of interest
  • Understanding the target market
  • Relevant findings from the FCA Product Governance Review

4. Product Testing

• • Scenario analysis
  • Charging structures
  • Relevant findings from the FCA Product Governance Review

5. Governance

• • Oversight and control
  • Product approval and review
  • Relevant findings from the FCA Product Governance Review

6. Distribution

• • General requirements
  • Procedures and measures

7. Conclusion
   
   
8. Assessment