Skip to main content

Utility

  • IDC
  • ICIEF

User account menu

  • Search
  • Log in
  • About ICI
    • Mission
    • Board and Leadership
    • ICI Experts
    • Members
    • Subscribers
    • Careers
    • Contact Us
Home Home ICI Global Home

Main navigation

  • Policy Priorities
    • Column
          BY TOPIC
            • Comment Letters
            • Fund Governance
            • Fund Regulation
            • Retirement Security
            • Taxes
            • Testimony
            • Trading and Markets
          View all
  • Research
    • COLUMN
          BY TOPIC
            • Industry Research
            • Investor Research
            • Retirement Research
            • Statistics
            • Research Publications
          View all
  • Fund Operations
    • COLUMN
          BY TOPIC
            • Accounting and Valuation
            • Distribution and Settlement
            • Servicing and Recordkeeping
            • Portfolio Security Operations
            • Technology, Cyber, and BCP
            • Related Resource Centers
            • Related Committees
          View all
  • News and Resources
    • COLUMN
          BY FORMAT
            • News Releases
            • ICI Viewpoints
            • Publications
            • Speeches and Commentaries
            • Videos and Podcasts
            • Resource Centers
            • FAQs
          View all
  • Events
    • COLUMN
          BY TYPE
            • ICI and ICI Global Events
            • IDC Events
            • Past Event Highlights
            • Talent Connection
          View all
  • ICI Global
    • COLUMN
          BY TYPE
            • Policy Priorities
            • Research and Publications
            • News and Resources
            • Events
            • About
          View all
Home Home ICI Global Home

User account menu

  • Search
  • Log in
  • About ICI
    • Mission
    • Board and Leadership
    • ICI Experts
    • Members
    • Subscribers
    • Careers
    • Contact Us

Main navigation

  • Policy Priorities
    • Column
          BY TOPIC
            • Comment Letters
            • Fund Governance
            • Fund Regulation
            • Retirement Security
            • Taxes
            • Testimony
            • Trading and Markets
          View all
  • Research
    • COLUMN
          BY TOPIC
            • Industry Research
            • Investor Research
            • Retirement Research
            • Statistics
            • Research Publications
          View all
  • Fund Operations
    • COLUMN
          BY TOPIC
            • Accounting and Valuation
            • Distribution and Settlement
            • Servicing and Recordkeeping
            • Portfolio Security Operations
            • Technology, Cyber, and BCP
            • Related Resource Centers
            • Related Committees
          View all
  • News and Resources
    • COLUMN
          BY FORMAT
            • News Releases
            • ICI Viewpoints
            • Publications
            • Speeches and Commentaries
            • Videos and Podcasts
            • Resource Centers
            • FAQs
          View all
  • Events
    • COLUMN
          BY TYPE
            • ICI and ICI Global Events
            • IDC Events
            • Past Event Highlights
            • Talent Connection
          View all
  • ICI Global
    • COLUMN
          BY TYPE
            • Policy Priorities
            • Research and Publications
            • News and Resources
            • Events
            • About
          View all

Utility

  • IDC
  • ICIEF

User account menu

  • Search
  • Log in
  • About ICI
    • Mission
    • Board and Leadership
    • ICI Experts
    • Members
    • Subscribers
    • Careers
    • Contact Us

Investment Funds Distributor Due Diligence Questionnaire

Funds face unique challenges in performing intermediary oversight, and especially so because of MiFID II requirements, changing regulatory landscapes, and the absence of an industry agreed-upon standard between funds and their distribution channels. To help address these challenges, an industry working group developed a uniform due diligence questionnaire (DDQ) that will serve as the standard for investment funds (UCITS and AIFs) in performing onboarding and ongoing oversight of distribution channels. The questionnaire saves funds and distributors time, difficulty, and expense by streamlining the process of distributor oversight.

Effective 1 June, 2020, the DDQ is publicly available for use by any fund manager or distributor. 

  • Investment Funds Distributor Due Diligence Questionnaire (doc)
  • Investment Funds Distributor Due Diligence Questionnaire (pdf)

For additional information, or if you have questions about the due diligence questionnaire, please contact R.J. Rondini, director of securities operations, at rj.rondini@ici.org.

More Resources

  • ICI Viewpoints: A New Benchmark for Distribution Oversight
  • Focus on Funds: New Tool Eases Global Distribution Challenges

 

About the Working Group

To develop industry standards for distributor oversight and due diligence practices for UCITS and AIFs, ICI Global brought a working group together to develop a single due diligence questionnaire for cross border UCITS and AIFs. Structured to ensure equal representation of distributor and fund manager perspectives, the working group included representatives from distributors (including Morgan Stanley, UBS, Allfunds, and Julius Baer), and more than 30 fund managers and representatives from several trade bodies (including the European Fund and Asset Management Association (EFAMA), the Association of the Luxembourg Fund Industry (ALFI), the Irish Funds Association, the Investment Association (IA), the French Asset Management Association (AFG), and the Italian investment management association). To have balanced representation from the buy and sell side, the working group is co-chaired by Marta Oñoro Carrascal, global head of legal of Allfunds, and Alain Mandy, global vice president and chief operating officer of Wellington Management.

The goal of the working group was to create a comprehensive questionnaire which fund distributors and platforms could complete once annually and make available to all fund companies requesting the information. The project began with the collection of existing practices and widely used questionnaires, then went through multiple iterations to include all regulatory and cross border distribution considerations. The result is an industry standard questionnaire that can be used by UCITS and AIFs distributed anywhere including Europe, the United States, Latin America, or elsewhere.

ICI site logo in white

 

 

ICI Global logo

 

 

IDC Logo

 

 

ICI Education Foundation logo

 

Footer menu

  • General
    • About ICI
    • About ICI Global
    • About IDC
    • About ICIEF
  • Helpful Links
    • Privacy and Cookie Policy
    • Apply for User Account
    • COVID-19 Report
    • Contact Us
  • ICI Resources
    • Comment Letters
    • ICI Viewpoints
    • ICI Fact Book
    • Resource Centers
  • MEMBER RESOURCES
    • Business Continuity

Copyright © 2023 by the Investment Company Institute

Privacy

  • Privacy and Cookie Policy

Social

  • Facebook
  • LinkedIn
  • Twitter
  • YouTube