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Showing 31 - 40 of 58 results for "TMD"

ASIC issues stop orders to Saxo

CASSANDRA BALDINI  |  FRIDAY, 19 MAY 2023
Saxo Capital Markets was forced to amend its target market determinations after the regulator raised concerns. ASIC said the stop orders, handed down on Tuesday, prevented Saxo from issuing new contracts for difference (CFDs) to retail clients because ...

Issuers must lift DDO game: ASIC

CASSANDRA BALDINI  |  THURSDAY, 4 MAY 2023
... billion in funds backed by retail investors. These actions resulted in 12 issuers amending 18 target market determinations (TMD) to address the deficiencies and five issuers withdrawing seven products. The regulator undertook its initial, risk-based ...

CVC sells 20% stake in Eildon

KARREN VERGARA  |  MONDAY, 24 APR 2023
... that prevented CVC from offering or distributing CVC Notes 2 because of deficiencies with its Target Market Determination (TMD). ASIC said the move was "to protect retail investors from potentially acquiring an investment product that may not be suitable ...

BT's Advance AM hit with stop orders

JAMIE WILLIAMSON  |  FRIDAY, 17 MAR 2023
BT Financial Group has been forced to suspend distribution of three of its Advance Asset Management funds for having non-compliant, "broadly drafted" target market determinations (TMDs). ASIC issued interim stop orders to BT and Advance Asset Management ...

ASIC issues more interim stop orders

CASSANDRA BALDINI  |  FRIDAY, 10 MAR 2023
Deficiencies in its target market determination (TMD) have seen interim stop orders placed on Interactive Brokers Australia. ASIC initiated the temporary suspension, valid for 21 days, to prohibit Interactive Brokers from offering, issuing, or giving ...

Regulator issues interim stop orders

JAMIE WILLIAMSON  |  MONDAY, 9 JAN 2023
... is concerned that certain risks and features of the Pivotal Diversified Fund in producing the target market determination (TMD). The fund invests in various managed funds, including hedge funds, a fund invested in residential and commercial real estate ...

ASIC takes civil action against Firstmac

CASSANDRA BALDINI  |  FRIDAY, 16 DEC 2022
... to take reasonable steps to ensure that it distributes financial products consistent with the target market determination (TMD) for each product. ASIC has alleged that in marketing and distributing High Livez to term deposit holders, Firstmac failed ...

Target market determinations have improved: ASIC

ANDREW MCKEAN  |  WEDNESDAY, 14 DEC 2022
ASIC thinks regulatory intervention has improved lenders target market determinations (TMD), but it still harbours concerns over product descriptions. ASIC Report 754 focuses on small amount credit contracts (SACCs) due to the overrepresentation of ...

ASIC launches civil action against American Express

CASSANDRA BALDINI  |  TUESDAY, 6 DEC 2022
... co-branded with retailer David Jones (the credit cards). Under the DDO, Amex was required to make a target market determination (TMD) describing who the credit cards would be appropriate for and how the cards should be distributed. The DDO also requires ...

ASIC hands out more interim stop orders

CHLOE WALKER  |  MONDAY, 5 DEC 2022
... it from issuing interests in, giving a prospectus for, or providing financial advice to retail clients under the existing TMD. ASIC considered that the TMD for APS Savings did not adequately describe the objectives, financial situation and needs of consumers ...