On 5 October 2021, the Design and Distribution Obligations (DDO) will come into effect for all issuers and distributors of financial products that are covered by DDO.
We’re currently working through our obligations as an issuer and distributor, as well as how we’re going to work with the distributors of our products to meet these new requirements.
As we work through these new requirements, we’ll update the information on this page so stay tuned for more detail on our proposed approach.
Our key responsibilities as a product issuer are:
The key obligations for product distributors are:
Distribution conditions are conditions or restrictions on the sale of a product, put in place by the issuer, to ensure that the product is sold to customers in line with the TMD. Product distributors will need to adhere to the distribution conditions established in the TMD.
You’re expected to understand the requirements we establish in the TMDs for our products. This means you need to: