The FSC has created a range of resources to assist our members with the Design Distribution & Obligations (DDO). Click the headings below to view more information on the resource you require.
The FSC has released a new version of its Target Market Determination (TMD) template for funds management, superannuation choice products (master trusts), superannuation wraps, IDPSs and managed accounts.
Please note: from 1 July 2024, FSC TMD templates will be licensed to members only. Please contact Sharon Sherry to discuss becoming a member via This email address is being protected from spambots. You need JavaScript enabled to view it..
Please see the infographic and explainer video in Other Resources below for further information.
FSC templates
Funds management, including Exchange Traded Funds (ETFs) and Listed Investment Co mpanies (LICs)*
Superannuation Choice Products (Master Trusts), non-wrap*
Managed accounts*
Superannuation platform/wrap*
IDPS*
Version 2 Updated 7 June 2023
Version 2 Updated 11 September 2023
Version 2 Updated 7 November 2023
Version 2 Updated 7 November 2023
Version 2 Updated 7 November 2023
*These files are permalinked. The files will be updated regularly with no changes to the link.
The FSC’s template TMDs for funds management are being widely used by investment product issuers across the market and is assisting the industry with compliance with the DDO regime.
The revised TMD templates are available for immediate use; however industry service providers and investment platforms will need time to adapt to the new templates so we encourage product issuers to discuss timetables for changes with all relevant parties.
FSC Full, Supporting and Associate members access to the templates
To download a copy, please sign in to your FSC account (members) and click on the appropriate template.
Non-member access to the templates
If you are interested in accessing the templates you can join the FSC. Please contact Sharon Sherry (This email address is being protected from spambots. You need JavaScript enabled to view it.) who will work through the membership costs, benefits and requirements with you.
The FSC and its members have developed a series of TMD templates for free to FSC Full, Supporting and 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 the following templates
Life Insurance cover (retail)*
Trauma insurance cover (retail)*
TPD insurance cover (retail)*
Income protection insurance cover (retail)*
Insurance bonds (investment bonds, funeral bonds, and education bonds)*
Version 1 updated 2 June 2021
Version 1 updated 2 June 2021
Version 1 updated 2 June 2021
Version 1 updated 2 June 2021
Version 1 updated 15 September 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.
FSC Full, Supporting and Associate members access to the templates
To download a copy, please sign in to your FSC account (members) and click on the appropriate template.
Non-member access to the templates
If you are interested in accessing the templates you can join the FSC. Please contact Sharon Sherry (This email address is being protected from spambots. You need JavaScript enabled to view it.) who will work through the membership costs, benefits and requirements with you.
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.
DDO Data Standard for Target Market Determinations for managed funds – Excel version of template v2.0*
DDO Data Standard for Target Market Determinations for managed accounts – Excel version of template v2.0*
DDO Data Standard for Target Market Determinations for superannuation – Excel version v2.0*
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 7 June 2023
Updated 18 March 2024
Updated 18 March 2024
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 approaches to conducting due diligence on distributors such as investment platforms and financial advisers.
Distributor Due Diligence Questionnaire (DDQ) – Version 2.0*
Updated 12 March 2024
*These files are permalinked. The files will be updated regularly with no changes to the link.
FSC Full, Supporting and Associate 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’s guidance on the meaning of significant dealings for funds management products is included in the template TMD for funds management (see link earlier on this page).
TMD TEMPLATE LICENSING ARRANGEMENTS
TMD EXPLAINER VIDEO
MEDIA RELEASES
- 8 July 2021 – Industry collaborates to produce design and distribution obligations templates 1.0
- 7 June 2023 – FSC promotes regulatory best practice on Design and Distribution Obligations
ARCHIVE
Old versions of DDO templates and data standards are here. These documents are for reference only and should not be used.
- FSC template TMD for funds, version 1.0 (archived – not for use)
- DDO Data Standards – Word version v 1.3 (archived – not for use)
- DDO Data Standard for Target Market Determinations for managed funds – Excel version of template v1.3 (archived – not for use)
WATCH FOR UPDATES
The templates may be updated over time and it is worth bookmarking the Resources page.
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