Tag:tmd

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Australia: ASIC Reports on DDO Compliance by Investment Product Issuers
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Australia: ASIC Releases Update on Recent Enforcement Action in Australia and Guidance for Target Market Determinations
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Australia: ASIC Stays True to DDO Enforcement Promises

Australia: ASIC Reports on DDO Compliance by Investment Product Issuers

By Kane Barnett and Bernard Sia

On 3 May 2023 the Australian Securities and Investments Commission (ASIC) released its review on compliance by investment product issuers of the Design and Distribution Obligations (DDOs). In ASIC’s view, there is still considerable room for improvement by product issuers.

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Australia: ASIC Releases Update on Recent Enforcement Action in Australia and Guidance for Target Market Determinations

By Jim Bulling and Anabelle Weinberg

1.         ASIC enforcement and regulatory update reveals areas of focus

ASIC has published their enforcement and regulatory update outlining the key actions taken between 1 July and 30 September 2022 (REP 753).

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Australia: ASIC Stays True to DDO Enforcement Promises

By Kane Barnett and Bernard Sia

Since 1 October 2021, when the design and distribution obligations (DDO) commenced, ASIC has issued 13 DDO‒related stop orders.

What has non-compliance looked like so far?

ASIC’s first DDO stop order was issued in July 2022 when ASIC identified a target market determination (TMD) that included retail investors for whom the investment would not be appropriate. The other initial interim stop orders related to the failure to prepare a TMD.

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