Design & Distribution Obligations

Design & Distribution obligations (DDO) Regulation News

IMAP's role is to provide information, education and representation to regulatory bodies and the new  Design & Distribution obligations (DDO) laws that took effect on 5th October 2021 have provided plenty to work on,

IMAP's Regulatory Working Group has worked with the Financial Services Council (FSC)  during 2021 to facilitate compliance with the new Design & Distribution obligations (DDO) laws

This has taken the form of:

a) Education and information through webinar resources and articles view IMAP webinar

b) A template document to help product issuers and distributors comply with the new regulatory regime. Find out about the DDO Template here

c) Representation to ASIC

The current status as at November 2021 is that the DDO or TMD laws are in now effect and reporting is required to be provided on compliance starting in January 2022.

The latest development is that a possible limitation on which managed accoutn structures are required to comply and whcih possibly are not required to comply has been identifed, and feedback from ASIC is currently being sought.

You can read the letter to ASIC here. The letter was prepared jointly by members of the IMAP Regulatory group, who include

 

 

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