Chapman Tripp submission on Design and Distribution Obligations

Chapman Tripp has made a submission on the Australian Treasury consultation on the exposure draft Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2018, which would introduce:

  • design and distribution obligations for financial products to ensure that products are targeted at the right people (FSI recommendation 21); and
  • a temporary product intervention power for the Australian Securities and Investments Commission when there is a risk of significant consumer detriment (FSI recommendation 22).

The proposals would require offers of financial products by Australian issuers into New Zealand under mutual recognition to define the target market.

Chapman Tripp submission of the Treasury Laws Amendment Bill Print this article Download free Acrobat Reader here

 

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Chapman Tripp submission on Financial System Inquiry  

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