Designations can change how a product, client, advice or service is categorised, and remove an existing statutory exemption or exclusion. A designation can be applied to:
- a particular person or transaction (an individual designation)
- a class of persons or transactions (a class designation)
Under the FMC Act, we have powers to make designations that change the way products and other matters are regulated.
To find out more information on the class designations and other notices we have granted, see the Class legislative notices summary on the Regulation Updates page.