7.8A.07
In forceBasic banking products
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.07 Basic banking products
A person must make a target market determination for a financial product if:
(a)
the product is a basic banking product; and
(b)
the person issues, or offers to issue, the product.
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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