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Showing 1 - 10 of 53 results for "DDO"

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 ...

ASIC proposes five-year extension to DDO

ANDREW MCKEAN  |  WEDNESDAY, 16 AUG 2023
ASIC has proposed a five-year extension to the design and distribution obligations (DDO), the instrument for which was originally set for a two-year period. DDO was introduced following a recommendation from the 2019 Financial System Inquiry to compel ...

ASIC looking to send message with eToro action

CASSANDRA BALDINI  |  WEDNESDAY, 9 AUG 2023
... difference (CFD) market to send a message to the industry about the importance of the design and distribution obligations (DDO). During her introductory speech at the General Counsel Summit, ASIC deputy chair Sarah Court said if the regulatory body achieves ...

ASX consultation: Time to say goodbye to mFund?

ANDREW MCKEAN  |  FRIDAY, 7 JUL 2023
... Calastone and Clearstream into the Australian market, and regulatory disparities in the Design and Distribution Obligations (DDO) between unlisted funds and ETPs, have all contributed to the reassessment of mFund's viability. Regardless of these challenges ...

FSC updates TMD template for fund managers

ANDREW MCKEAN  |  THURSDAY, 8 JUN 2023
... regulatory action against Spaceship and Mitrade Global for inadequate compliance with the Design and Distributions Obligation (DDO) regime and deficiencies in their TMDs. The updated FSC template is designed to address key compliance issues related to ...

ASIC issues first-of-its-kind stop order

CASSANDRA BALDINI  |  MONDAY, 5 JUN 2023
Mitrade Global has been hit with the first stop order to be issued under the design and distribution obligations' (DDO) failure to take reasonable steps provision, with the order relating to its distribution of contracts for difference (CFD). The stop ...
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