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Showing 1 - 10 of 65 results for "DDO"

Australian Unity cops fine for TMD, DDO failures

KARREN VERGARA  |  MONDAY, 2 FEB 2026
Australian Unity Funds Management (AUFM) admitted it breached design and distribution obligations (DDO) regarding its Select Income Fund and has been slapped with a $7.125 million fine by the Federal Court. Hundreds of retail investors were led to believe ...

ASIC returns $40m of CFD losses

ELIZA BAVIN  |  TUESDAY, 20 JAN 2026
... distribution practices, ASIC found widespread weaknesses in how CFD issuers complied with their design and distribution obligations (DDO), ASIC's CFD product intervention order (PIO) and regulatory reporting requirements. ASIC found more than half ...

Super funds a "standout" in risk and compliance hiring: Kaizen

RIDDHIMA TALWANI  |  MONDAY, 10 NOV 2025
... and APRA, including updates to SPS 530 on investment governance and ongoing enforcement around privacy and third-party risk, DDO, and consumer protections, will drive demand for specialised compliance roles focused on transparency, disclosure, and member-centric ...

La Trobe has two of three stop orders lifted

ELIZA BAVIN  |  THURSDAY, 25 SEP 2025
... introduction of the questionnaires, La Trobe chief investment officer Chris Paton told Financial Standard : "We have a robust DDO framework ensuring that our products are distributed to their respective target markets." "Each self-directed investor is ...

ASIC sues Australian Unity for TMD failure

KARREN VERGARA  |  WEDNESDAY, 11 JUN 2025
... while meeting related regulatory obligations." ASIC deputy chair Sarah Court said the Design and Distribution Obligations (DDO) are there to help make sure consumers get appropriate financial products aligned with their objectives, financial situation ...

ASIC blasts managed funds' poor compliance plans

KARREN VERGARA  |  MONDAY, 2 JUN 2025
... entities (REs) of managed funds are falling short of their obligations to adequately address design and distribution obligations (DDO), the reportable situations regime and internal dispute resolution processes and reporting (IDR), an ASIC review found ...

Crypto operator to fork out millions after court ruling

ANDREW MCKEAN  |  FRIDAY, 13 DEC 2024
... therefore required a TMD, meaning each time it was offered to a customer, Bit Trade breached design and distribution obligations (DDO). Justice Nicholas said Bit Trade "didn't turn its mind to the requirement of the DDO regime," adding that "the ...

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 ...
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