Google Chrome and Microsoft Edge are in the process of rolling out a version update which is impacting some nabtrade functionality, including buy/sell buttons and certain page loads. If you are a Chrome or Edge user and are experiencing these problems, please visit the following FAQ to review the steps that need to be taken to prevent this issue from occurring.
From 4 August 2021 mFunds Buy orders on nabtrade will not be processed.
You’ll receive a warning message when you try to place mFunds Buy orders on the nabtrade order pad.
We will continue to allow you to hold any existing mFund investment on nabtrade, including the facilitation of mFund sell orders.
We will notify you if this changes.
The Government has introduced new Design and Distribution Obligations (DDO) from 5 October 2021 which require (amongst other things):
As a product distributor, nabtrade is unable to provide target determinations for all ASX mFunds available on the platform or limit distribution to only clients within that target audience. As a result nabtrade will no longer be able to accept mFund Buy orders.
You don’t need to do anything. From 4 August 2021 you simply won’t be able to submit any mFund buy orders on nabtrade.
No, you don’t have to sell or transfer existing mFunds holdings. We will continue to allow you to hold any existing mFunds investments acquired prior to 4 August 2021 on nabtrade, and the sell functionality will still be available.