7.8A.05
In forceSimple corporate bonds
Chapter 7Financial services and markets
Part 7.8ADesign and distribution requirements relating to financial products for retail clients
Division 2Financial products for which target market determinations are required
7.8A.05 Simple corporate bonds
A person must make a target market determination for a financial product if:
(a)
the product is a simple corporate bonds depository interest where the bonds are to be issued under a 2‑part simple corporate bonds prospectus; and
(b)
the person is the person required to prepare a disclosure document for the bonds.
Note:
The person must make the determination before any person engages in retail product distribution conduct in relation to the product: see subparagraph 994B(2)(b)(ii) of the Act.
This Act’s bill:Explanatory statement
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