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:

  • to support broad-based adoption of the templates;
  • to standardise compliance; and
  • improve outcomes for advisers, investment platforms and issuers.

We have developed the following templates: 

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

*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. 

DATA STANDARDS
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:

  • Sending of TMDs from product issuers to distributors and third parties
  • Sending of complaints information (including nil complaint reports) from distributors to issuers
  • Sending of dealing information (including reports on significant dealings) from distributors to issuers

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.

*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. 


WATCH FOR UPDATES

The templates may be updated over time and it is worth bookmarking the Resources page.

The FSC Deputy CEO, Blake Briggs shares more information on the Target Market Determinations (TMDs) here.



EVENT RESOURCES
Member Only event resources are available here.

FSC DDO Online Workshop - Session 1: Cross industry views on DDO implementation - 16 September 2021
Available until Wednesday 29 September 2021

Industry experts Vinod Kumar, Vice President - Legal, BlackRock, David Barrett, Division Director & Head of Technical Advice, Macquarie Investment Management and Stephen Judge, Head of Legal - Individual Life, TAL Australia outline their experiences and what issues the industry are facing with the implementation of the DDO regime.



MEDIA RELEASES
8 July 2021 - Industry collaborates to produce design and distribution obligations templates 1.0