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Showing 1 - 10 of 58 results for "DDO"

Lack of talent challenging DDO compliance

JAMIE WILLIAMSON | MONDAY, 23 SEP 2024

... month, ASIC released the findings of its review of product issuers' compliance with the design and distribution obligations (DDO), calling for them to improve their distribution practices after identifying numerous shortcomings. Among other things, ASIC ...

ASIC issues warning over shoddy DDO practices

JAMIE WILLIAMSON | TUESDAY, 10 SEP 2024

... consumers to self-certify they fit a target market, an ASIC review into compliance with design and distribution obligations (DDO) shows. The regulator is calling on product issuers to ensure their distribution practices are sound, as its latest round ...

ASIC delivered court win over Firstmac DDO failure

JAMIE WILLIAMSON | THURSDAY, 11 JUL 2024

... Firstmac over a cross-selling strategy for investment products. The Federal Court found yesterday that Firstmac breached the DDO provisions by failing to take reasonable steps that would have resulted in or would have been reasonably likely to have resulted ...

AFSLs undertake more reviews, lack risk documentation

KARREN VERGARA | TUESDAY, 18 JUN 2024

... was only taken into account by 47% of respondents." Retail licensees said getting the design and distribution obligations (DDO) right was a top priority even though it resulted in substantial work. "The same cannot be said for reportable situation obligations ...

Wholesale investor test reform has several ramifications: SIAA

KARREN VERGARA | TUESDAY, 14 MAY 2024

... services industry. "We've argued that changes don't need to be made to the current test thresholds. We point out the DDO regime has been an absolute game changer when it comes to the regulation of financial products, because it moves the focus ...

Court dismisses ASIC lawsuit against Finder

KARREN VERGARA | FRIDAY, 15 MAR 2024

... financial services, breaching product disclosure requirements, and failing to comply with design and distribution obligations (DDO) in relation to Finder Earn. ASIC argued that Finder Earn was in essence a debenture and should fall under its regulatory ...

Too many Aussies eligible for wholesale products: FSC

ANDREW MCKEAN | TUESDAY, 13 FEB 2024

... highlighted that wholesale investors are excluded from retail protections, including Design and Distribution Obligations (DDO), bans of conflicted remuneration, dispute resolution mechanisms, and access to a compensation scheme of last resort under certain ...

ASX calls time on mFund settlement service

ANDREW MCKEAN | TUESDAY, 28 NOV 2023

... more captivating to both investors and issuers," he said. Further, recently introduced Design & Distribution Obligations (DDO) have impacted the willingness of issuers and brokers to offer a broad range of alternative investment strategies and asset ...

ASIC takes legal action against crypto exchange

ANDREW MCKEAN | THURSDAY, 21 SEP 2023

... obligations for margin products offered to Australian customers. Since the introduction of the design and distribution obligations (DDO) in October 2021, ASIC claims over 1160 Australian customers have suffered financial losses totalling around $12.95 ...

ASIC cracks down on CFDs, OTC derivatives

KARREN VERGARA | WEDNESDAY, 6 SEP 2023

... 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: Retail OTC derivatives found that most issuers produce ...

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Funds SA appoints chief investment officer

ANDREW MCKEAN

Funds SA has appointed a new chief investment officer, who will join from Hostplus, to commence in February 2025.

Australian Retirement Trust appoints new chief risk officer

ANDREW MCKEAN

Australian Retirement Trust (ART) has appointed a new chief risk officer that's set to start in March 2025.

UniSuper has 'some work to get on with' on cyber front: Chair

JAMIE WILLIAMSON

UniSuper's leadership team has touched on how the fund is strengthening its operations following the extensive system outage in May this year.

Super framework, SMSFs conducive to financial abuse: Inquiry

KARREN VERGARA

Lax superannuation laws make it too easy for perpetrators of domestic violence to access victims' retirement savings, while the current framework for self-managed super funds (SMSFs) enables financial abuse to flourish, a parliamentary inquiry found.

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