Distribution Obligations (DDO) and Product Intervention Powers (PIP) - RG274
The Design and Distribution Obligations (DDO) and Product Intervention Powers (PIP) legislation was passed in April 2019. Equity Trustees is adopting the industry standard FSC Target Market Determination template and is taking a collaborative approach to work with funds to ensure implementation.
This page houses bulletins and updates, information packs and links to webinars and information sessions we are conducting as a part of supporting our ‘in scope’ fund services clients to meet their obligations in the required timeframes (see below for our working timeframe).
The DDO regulations take effect on 5 October 2021 and funds which are ‘in scope’ include:
• Registered Retail funds with a PDS
• Registered Wholesale funds with a PDS using a Platform to distribute a fund. This is due to the Financial Services Council (FSC) working group feedback that platforms will likely require a TMD for a fund to remain on a platform.
For reference, see also ASIC’s Regulatory Guide 274 Product Design and Distribution Obligations (released December 2020).
Information presentation packs