
The FPA has been calling for effective product regulation for decades. The commencement of the product design and distribution obligations (DDO) and ASIC’s new product intervention powers on 5 October 2021 was a significant step forward for consumer protection and for financial planners.
OVERVIEW OF DDO REGIME
Benefits of DDO regime:
Requirements – Product providers
Requirements – AFSLs and representatives
GUIDANCE AND QUESTIONS
Login to FPA Community to access FPA’s member guidance and join the discussion on the DDO requirement for financial planners.
ASIC INFO 264 – Design and distribution obligations for advice licensees and financial advisers
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