ASIC’s draft DDO guidelines could place significant burden on product issuers and distributors

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ASIC’s draft guidance on product Design and Distribution Obligations (DDO) entails ‘significant’ change regarding arrangements between financial product issuers and distributors, according to Harry New, partner in the financial services practice at Hall & Wilcox Lawyers. While ASIC’s ‘principles-based approach’ to the DDO will be welcomed by the financial services industry, Mr New says the […]

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All AFSL licence holders on notice: keys to surviving the Royal Commission

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The Royal Commission into misconduct in the Banking, Superannuation and Financial Services Industry has potential to catch AFSL licence holders unawares with tight time frames and a broad mandate beyond the big banks, according to legal experts. The signed terms of reference suggest any financial services company could be called upon to provide evidence, according […]

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