Design and distribution obligations (DDO)
The design and distribution obligations are intended to help consumers obtain appropriate financial products by requiring issuers and distributors to have a consumer-centric approach to the design and distribution of products.
New rules, among other outcomes, dramatically alter traditional information flows between product issuers, advisers and end consumers, and expose issuers to unprecedented levels of scrutiny and potentially even liability.
So, what entities and products are most affected, and how?
After briefly tracing the journey from conception to DDO & PIP implementation, we explore what areas are being targeted first and what the new measures might mean for your organisation.
From 5 October 2021, new product design and distribution obligations came into force. These reforms require firms to design financial products to meet the needs of consumers and to distribute their products in a more targeted manner.
What you will learn
- The global and domestic themes that drove the creation of DDO
- Key milestones in the development of DDO and PIP in Australia
- What the principles of DDO are
- How ASIC intends to exercise its product intervention powers in general terms and in the product segments where it has already taken action
- How financial services will be impacted by design and distribution obligations and product intervention powers
Recognition of Prior Learning
You will be awarded a Certificate of Completion. It will be available online for you to download and print immediately.
RG146 CPD Area: Regulation
FASEA-supervised licensees: Regulatory compliance and consumer protection