The FSC has created a range of resources to assist with the Design Distribution and Obligations (DDO). Click the headings below to view more information on the resource you require.
The new Design Distribution and Obligations (DDO) come into effect on 5 October 2021, and require product issuers to develop Target Market Determinations (TMDs) for the products they issue to retail clients.
The FSC and its members have developed a series of TMD templates for free to FSC Full and Supporting members, at a discounted rate for Associate members and under a paid annual licensing arrangement to non-members.
The primary objectives of licensing are:
We have developed the following templates:
Funds management (including Exchange Traded Funds (ETFs) and Listed Investment Companies (LICs))*
Managed accounts*
Superannuation platform/wrap*
Superannuation choice product, non-wrap*
Life Insurance cover (retail)*
Trauma insurance cover (retail)*
TPD insurance cover (retail)*
Income protection insurance cover (retail)*
IDPS*
Insurance bonds (investment bonds, funeral bonds, and education bonds)*
Version 1 updated 15 June 2021
Version 1.1 updated 12 July 2021
Version 1 updated 17 June 2021
Version 1 updated 17 June 2021
Version 1 updated 2 June 2021
Version 1 updated 2 June 2021
Version 1 updated 2 June 2021
Version 1 updated 2 June 2021
Working Draft updated 28 June 2021
Updated 15 September 2021
Sample Templates for Fund Managers
Updated 15 June 2021
Updated 17 June 2021
*These files are permalinked. The files will be updated regularly with no changes to the link.
**Please note these documents may be subject to amendment over time and FSC non-members should bookmark this page to monitor for updates.
ACCESS
FSC Full and Supporting members access to the templates
To download a copy, please sign in to your FSC account (members) and click on the appropriate template.
FSC Associate member access to templates
Associate members should contact Sharon Sherry (This email address is being protected from spambots. You need JavaScript enabled to view it.) to purchase the forms at a discounted rate.
Non-member access to the templates
If you are interested in purchasing the templates under an annual licensing arrangement, please contact Sharon Sherry (This email address is being protected from spambots. You need JavaScript enabled to view it.) who will work through the licensing costs and requirements.
The FSC’s members have developed data standards to assist product issuers and distributors to communicate with each other about the issues mandated by the DDO regime.
Product issuers that could use these templates include fund managers, issuers of Exchange Traded Products, Listed Investment Companies and Trusts, life insurers, managed account providers, superannuation funds, issuers of platforms/wraps/IDPSs, and issuers of credit products.
The distributors that could use these templates include research houses, financial advisers, comparison websites, and platforms/wraps/IDPSs.
The templates cover:
The data standards are below and are free for all to use.
As the FSC is not charging a fee for licensing of these standards, we are unable to provide support to non-members in relation to these standards.
DDO Data Standards – Word version v 1.3*
DDO Data Standard for Target Market Determinations for managed funds – Excel version of template v1.3*
DDO Data Standard for Target Market Determinations for managed accounts – Excel version of template v1.3*
DDO Data Standard for Target Market Determinations for superannuation – Excel version v1.3*
DDO Data Standard for Target Market Determinations for life insurance – Excel version v1.3*
DDO Complaints Reporting Template v1.4*
DDO Complaints Reporting Example v1.4 (not for use)*
DDO Dealings Reporting Template v1.4*
DDO Dealings Reporting Example v1.4 (not for use)*
Updated 9 August 2021
Updated 9 September 2021
Updated 8 September 2021
Updated 8 September 2021
Updated 8 September 2021
Updated 12 January 2022
Updated 12 January 2022
Updated 8 October 2021
Updated 8 October 2021
*These files are permalinked. The files will be updated regularly with no changes to the link.
**Please note these documents may be subject to amendment over time and FSC non-members should bookmark this page to monitor for updates.
The FSC’s template questionnaire for product issuers that are conducting due diligence on product distributors as a result of the Design and Distribution Obligations (DDO) is below.
The DDQ is available to FSC members for their (optional) use. We request that members do not share this document with non-members.
While use of the template will be optional, we encourage issuers to use the template rather than take their own different approach to conducting due diligence on distributors such as investment platforms and financial advisers.
Updated 5 April 2022
*These files are permalinked. The files will be updated regularly with no changes to the link.
**Please note these documents may be subject to amendment over time and FSC non-members should bookmark this page to monitor for updates.
ACCESS
FSC Full and Supporting members access to the DDQ
To download a copy, please sign in to your FSC account (members) and click on the DDQ.
The FSC has prepared guidance on particular DDO issues for life insurance products and funds management products.
The FSC guidance on significant dealings for life insurance products is available here.
The FSC guidance on applying a ‘portfolio view’ to funds management products is available here.
The FSC has also developed guidance on the meaning of significant dealings for funds management products, this guidance is included in the template TMD for funds management (see link earlier on this page).
EVENTS
Member Only event resources are available here.
MEDIA RELEASES
8 July 2021 - Industry collaborates to produce design and distribution obligations templates 1.0
WATCH FOR UPDATES
The templates may be updated over time and it is worth bookmarking the Resources page.
The FSC CEO, Blake Briggs shares more information on the Target Market Determinations (TMDs) here.