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Aussie Firms Should Meet Design and Distribution Obligations: ASIC
The Australian Securities & Investments Commission (ASIC) issued a notice on Wednesday, calling out investment product issuers and ordering them to ‘lift their game’ around design and distribution obligations (DDO). ASIC Finds Lapses in Financial Products’ DDO It came as the Aussie regulator found target market deficiencies in the offerings of several investment product issuers. The regulator highlighted that it issued 15 stop orders for target markets defined too broadly, 21 stop orders for the...
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Posted: May 3 2023, 07:11
Author Name: financemagnates
Views: 081898