ASIC Regulatory Guide 274 Product Design and Distribution Obligations (Australia)
Section D: Issuers, distribution, review, reporting and records – ASIC Regulatory Guide 274 Product Design and Distribution Obligations (Australia)

ASIC Regulatory Guide 274 Product Design and Distribution Obligations (Australia) RG274.158-164: Issuers: notify ASIC of significant dealings inconsistent with the TMD within 10 business days

Once aware of a significant dealing (other than an excluded dealing) that departs from the TMD, the issuer must tell ASIC in writing promptly and no later than 10 business days after becoming aware. ASIC expects the significance call to weigh the share of acquirers outside the target market, the actual or potential harm and loss, how far the dealing departs from the TMD, the income earned from out-of-market consumers and the period involved, and suggests objective criteria set in advance per product.

Maintained by Gerard Blokdyk

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