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Showing 21 - 30 of 53 results for "DDO"

Stop orders slapped on two Perpetual funds

JAMIE WILLIAMSON  |  FRIDAY, 25 NOV 2022
... as well as the risk of incurring large losses because of using leverage. "ASIC reminds financial product issuers that under DDO, they must define target markets for their products appropriately, having regard to the risks and features of their products. ...

Never been more optimistic: Abood

CASSANDRA BALDINI  |  WEDNESDAY, 23 NOV 2022
... She noted other changes impacting advisers including expanded breach reporting and the design and distribution obligations (DDO), as well as advice fee consent requirements which "hit home." "These have been extremely problematic causing chaos around ...

Property trusts hit with stop orders

CHLOE WALKER  |  TUESDAY, 22 NOV 2022
... distribution conditions in the TMDs did not meet the appropriateness requirement under the design and distribution obligations (DDO) because these conditions were not specific enough to make it likely for the trusts to reach consumers in the target market. ...

ASIC issues more stop orders

CHLOE WALKER  |  THURSDAY, 10 NOV 2022
The corporate regulator has placed interim stop orders on offers from Finnia Income (Finnia) in response to its flimsy target market determinations (TMDs). Finnia, an unlisted company, pursued a $20 million raise under a prospectus through the issue ...

Westlawn Financial Services cops stop orders

CHLOE WALKER  |  MONDAY, 24 OCT 2022
... addition, ASIC said that the TMD didn't meet the appropriateness requirements under its design and distribution obligations (DDO). "The distribution conditions in the TMD were not specific enough to ensure the fund is distributed to consumers in the ...

ASIC issues stop orders on Holon funds

CASSANDRA BALDINI  |  MONDAY, 17 OCT 2022
... it could take further regulatory action. To date, ASIC has used its powers under the design and distribution obligations (DDO) regime to place 10 interim stop orders. It said four orders have been lifted following actions taken by the entities but six ...

ASIC issues stop order on third property fund

CASSANDRA BALDINI  |  FRIDAY, 30 SEP 2022
... requirements for the TMD. "APIL also did not meet the appropriateness requirements under the design and distribution obligations (DDO) because the distribution condition was inadequate. APIL's distribution condition relied solely on investors' ...

Stop orders placed on property funds

CHLOE WALKER  |  WEDNESDAY, 14 SEP 2022
... periods. The stop order for both funds is valid for 21 days unless revoked earlier. In late July ASIC used its powers under the DDO regime to place interim stop orders on three financial firms. These were Responsible Entity Services Limited and two companies ...

ASIC tells super trustees to improve TMDs

ANDREW MCKEAN  |  MONDAY, 29 AUG 2022
... products that are no longer for issue or sale. Meanwhile, as previously reported by Financial Standard, ASIC issued its first DDO stop orders for three companies over deficiencies in their products' TMDs in July. This marked the first use of its ...

ASIC continues crack down on deceptive advertising

CHLOE WALKER  |  TUESDAY, 2 AUG 2022
... Mine Pty Ltd (PPMPL), a related entity of RES. The second order was the first time ASIC had issued a stop order under the DDO rules and prohibited RES from issuing interests in a class of interests in its RES Investment Fund as a result of deficiencies ...