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Showing 11 - 20 of 58 results for "TMD"

ASIC confirms investigation into a Clime fund

KARREN VERGARA  |  FRIDAY, 31 OCT 2025
... that it has commenced an investigation into the fund with respect to its compliance with the target market determination (TMD) and product disclosure statement, and whether it has breached the law in relation to its investments. "Clime Asset Management ...

La Trobe appoints new liquidity chief

ANGELIQUE MINAS  |  THURSDAY, 9 OCT 2025
... introduced customer questionnaires. For the US Private Credit Fund, orders were revoked after La Trobe made amendments to the TMD which addressed ASIC's concerns including reducing the percentage of investors' investable assets considered to be appropriate ...

La Trobe has two of three stop orders lifted

ELIZA BAVIN  |  THURSDAY, 25 SEP 2025
... disclosure, ensuring investors are clear on what they're investing into." ASIC said it continues to have concerns around La Trobe's TMD for the USPC Fund. Those concerns include that the TMD suggests an inappropriate level of portfolio allocation given ...

ASIC issues interim stop orders to RELI Capital

RIDDHIMA TALWANI  |  FRIDAY, 19 SEP 2025
... suitable for their financial objectives. Its action follows concern that the target market in the target market determination (TMD) for the fund includes investors who intend to hold the fund as a core component, seeking capital preservation with no ...

ASIC issues interim stop orders to La Trobe Financial

JAMIE WILLIAMSON  |  FRIDAY, 19 SEP 2025
... into the 12 Month Term Account while we work to promptly address these issues." For the US Private Credit Fund, ASIC said its TMD suggests an inappropriate level of portfolio allocation given the risks of the fund and does not adequately specify an investment ...

ASIC sues Australian Unity for TMD failure

KARREN VERGARA  |  WEDNESDAY, 11 JUN 2025
ASIC is suing Australian Unity Funds Management for allegedly failing to ensure retail investors fit the suitable target market for its investment product, the Select Income Fund. ASIC is looking at the period between 5 October 2021 and 5 October 2023 ...

Crypto operator to fork out millions after court ruling

ANDREW MCKEAN  |  FRIDAY, 13 DEC 2024
... to be made and repaid in either digital assets like bitcoin or national currencies, without a target market determination (TMD). The Federal Court, however, found that the product was a credit facility and therefore required a TMD, meaning each time ...

ASIC issues warning over shoddy DDO practices

JAMIE WILLIAMSON  |  TUESDAY, 10 SEP 2024
... market. Instead, we observed that some issuers merely sent existing consumers a notification if, for example, there was a new TMD, with the expectation that consumers would self-assess that they still fit the target market..." the report reads. Citing ...

Build Your Wealth adviser cops ban

KARREN VERGARA  |  FRIDAY, 26 JUL 2024
... Residential Trust, which K2 Asset Management is a responsible entity for, due to issues with its target market determination (TMD). K2 subsequently issued a new TMD that addressed ASIC's concerns that included investor risk tolerance, investment ...

ASIC delivered court win over Firstmac DDO failure

JAMIE WILLIAMSON  |  THURSDAY, 11 JUL 2024
... likely to have resulted in, the distribution of one of its products being consistent with its target market determination (TMD). It marks the first finding by a court of a contravention of these provisions. Between October 2021 and September 2022, Firstmac ...