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ARTICLE · 31 AUGUST 2023

Refreshing your approach to DDO — do you meet ASIC's expectations on TMDs?

McMahon Clarke
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The latest DDO learnings and the steps to take to satisfy ASIC's expectations for TMDs and product governance.

AustraliaFinance and Banking
Taylor Green
Taylor Green
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ASIC and the Financial Services Council (FSC) have weighed-in on the design and distribution obligations (DDO) with the release of guidance material and a new standard template for target market determinations (TMDs). Associate Taylor Green reveals our latest learnings and the steps you should take to satisfy ASIC's expectations for TMDs and product governance.

REALIGNMENT IS HAPPENING

The financial services industry has been finding its feet since the implementation of DDO in October 2021. The last two months has seen the commencement of a realignment of DDO implementation, with ASIC releasing Report 762 Design and distribution obligations: Investment products (REP 762) and the FSC publishing a revised template TMD.

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