24 Appendix one - Co-manufacturer checklist The table below lists some of the factors that might indicate that your firm is a comanufacturer where you set up an arrangement with a discretionary manager. For each factor you should detail exactly what your involvement is in each step. Obligations should be interpreted reasonably, in a manner that accurately reflects the firm’s role in the arrangement and the degree to which it can determine or materially influence retail customer outcomes. When deciding whether a co-manufacturing arrangement exists, it may be a combination of factors listed below that moves a firm from distributor status to co-manufacturer. Factors to consider when assessing whether a comanufacturing arrangement is in place Describe what your firm’s involvement is in relation to the factor listed in column 1. This description should be as detailed as possible and explain exactly what your firm is doing Assess your role against the following key indicators and record the result here: • What is your level of influence? • Do you have a decisionmaking role? Target Market Is the firm involved in helping the manufacturer set the target market for the product / service itself? This is a different step from assessing the target market of a client bank / client segments although clearly the target market of the product / service should align to the client segmentation / client target market. Setting the mandate Is the firm involved in setting the mandate for the product / service, for example an investment mandate for a discretionary management service? An investment mandate is a set of rules laying out how a pool of assets should be invested. Mandates may include guidelines on priorities, goals, benchmarks, risk, and types of funds to be either chosen or avoided.
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