A TMD is a document that describes:

• the persons for which the products has been designed
• the conditions around the product’s distribution
• when this TMD will be reviewed, and
• record keeping and reporting obligations of distributors.

Please note a TMD is not intended to provide financial advice. When making a decision about a product always make sure you refer to the Terms and Conditions and any supplementary document(s). These will outline the relevant terms and conditions being provided under that product.