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Showing 11 - 20 of 81 results for "Target market determination"

La Trobe has two of three stop orders lifted

ELIZA BAVIN  |  THURSDAY, 25 SEP 2025
ASIC has withdrawn restrictions on two of the three La Trobe Financial funds that were halted last week. The two funds now reopen to investment are the 12 Month and 2 Year Accounts of the La Trobe Australian Credit Fund. In addition, La Trobe Direct ...

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
La Trobe Financial has been told by ASIC to stop offering its 12 Month Term Account and 2 Year Account products offered under the La Trobe Australian Credit Fund, as well as its US Private Credit Fund. The regulator said it is concerned that the target ...

Equity Trustees rapped over the knuckles by ASIC

JAMIE WILLIAMSON  |  THURSDAY, 19 JUN 2025
... managed by Artesian Capital Management. According to ASIC, the fund's product disclosure statement, target market determination and website all stated that the fund invested in green, sustainable and social corporate bonds issued by companies. The PDS ...

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 ...

ASIC sues Binance over customer protection failures

ELIZA BAVIN  |  THURSDAY, 19 DEC 2024
... and access to a compliant dispute resolution scheme. ASIC said Binance was also required to make a target market determination under the Design and Distribution Obligations regime. ASIC deputy chair Sarah Court said Binance allegedly failed to ensure ...

Crypto operator to fork out millions after court ruling

ANDREW MCKEAN  |  FRIDAY, 13 DEC 2024
... payments 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 ...

ASIC wins case against crypto exchange Kraken

ANDREW MCKEAN  |  MONDAY, 26 AUG 2024
... US dollars, has been available on the Kraken exchange for several years without a legally required target market determination. The corporate regulator argued that the obligation to repay a digital asset or national currency was a deferred debt, and ...

Choice products require fairer framework: FSC

KARREN VERGARA  |  TUESDAY, 6 AUG 2024
... investment option against a benchmark potentially different to the PDS disclosure and a product's Target Market Determination without assessing the trustee. FSC chief executive Blake Briggs said the current one-size-fits-all approach to superannuation ...

Build Your Wealth adviser cops ban

KARREN VERGARA  |  FRIDAY, 26 JUL 2024
... Storehouse 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 ...