Target Market Determinations

Design and Distribution Obligations (DDO)

From 5 October 2021, product issuers and distributors across many financial product categories including managed funds will be subject to a new ‘Design and Distribution Obligations’ (DDO) regime from the Australian Securities and Investments Commission (ASIC).

The essence of the DDO regime is to ensure financial products are designed for consumers’ requirements and are distributed to investors for whom they have been designed. The regime imposes a range of obligations on both product issuers and distributors.

Target Market Determination (TMD)

TMDs form part of the DDO. Product issuers are obliged to:

  • Identify a target market of consumers, and design products suitable for that target market; and

  • Monitor consumer outcomes and review products to ensure that consumers are receiving products that are likely to align to their likely objectives, financial situation and needs.

Issuers and distributors must take ‘reasonable steps’ to ensure those products reach consumers in that target market.

Platinum’s TMDs are available below.

Target Market Determination Details

Reporting Requirements

For ‘Reporting’ on Complaints and Significant Dealings by platforms and advisory dealer groups, please utilise the FSC format and send this information to:

ddo@platinum.com.au