The design and distribution obligations (DDO)
are designed to ensure that product issuers adopt a
consumer-centric approach when designing (and distributing)
products.
Before distributing a product, a product issuer must make a
target market determination (TMD) for that
product.
What makes an appropriate TMD will differ, depending on the
nature of the financial product you are going to issue and your
intended distribution approach.
ASIC's current surveillance on product issuers and their
TMDs has resulted in some issuers receiving multiple interim stop
orders to date.
We hope you find the following tips helpful when preparing and
reviewing your TMD.
1. Templates can be a great starting point – but think
carefully before relying on a template
