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ASIC’s draft guidance on product Design and Distribution Obligations (DDO) entails ‘significant’ change regarding arrangements between financial product issuers and distributors,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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