The marketing of managed funds has been on ASIC’s radar for some time, and its focus has now shifted to compliance with the design and distribution obligations (DDO). In an industry first, three financial firms have received interim stop orders in response to deficiencies in the target market determination (TMD) for their products.
ASIC says industry has had plenty of time to bed down implementation of the DDO regime and it now has targeted surveillances underway to check whether product issuers and distributors are complying with their DDO.
You can read more about ASIC’s first DDO stop orders here.
It is important you get your DDO compliance right:
We can help you with—
If you need help or have any questions, please reach out to partner Sean McMahon, consultant Jeunesse Meldrum, or a member of our Funds Management team. We can help.