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Showing 11 - 20 of 53 results for "TMD"

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 ...

Lazard enters local ETF industry with infra offering

JAMIE WILLIAMSON  |  WEDNESDAY, 12 JUN 2024
... provides higher revenue predictability, profitability, and lower volatility." According to the Target Market Determination (TMD), it invests only in "listed companies that own physical infrastructure (including concessions or long-term contracts to this ...

Australian Unity lashed by ASIC over TMD questionnaire

JAMIE WILLIAMSON  |  THURSDAY, 6 JUN 2024
... to take "reasonable steps likely to result in distribution conduct being consistent with its target market determination (TMD)." The Australian Unity Select Income Fund is a contributory mortgage fund whereby clients select and invest in a suite of syndicate-funds ...

ASIC places stop orders on Trademax Australia

JAMIE WILLIAMSON  |  FRIDAY, 24 MAY 2024
... over crypto assets to enable Trademax to adequately assess whether they were in the target market described in its crypto TMD; included warning messages which prompted clients to review their answers so as to allow them to submit alternative responses ...

ASIC cracks down on CFDs, OTC derivatives

KARREN VERGARA  |  WEDNESDAY, 6 SEP 2023
... providers of contracts for difference (CFD), options and other high-risk products that flout their target market determinations (TMD), and design and distribution obligations (DDO). The newly published Report 770 Design and distribution obligations ...

K2 told to freeze distribution of fund

JAMIE WILLIAMSON  |  MONDAY, 4 SEP 2023
... stop order on a residential property fund promoted by K2 Asset Management due to issues with its target market determination (TMD). K2 Asset Management cannot distribute the Storehouse Residential Trust or any information about it after ASIC determined ...