GRCGuidelineIn 6clicks App

RG 181 — RG 181 AFS licensing: Managing conflicts of interest

This regulatory guide outlines the legal obligations under the Corporations Act for Australian financial services (AFS) licensees to have adequate arrangements to manage conflicts of interest. It provides specific guidance on identifying conflicts, implementing effective arrangements, and managing conflicts using appropriate tools.

Talk to a GRC Expert Read source ↗Download document ↗

RG 181 is a regulatory guide issued by the Australian Securities & Investments Commission (ASIC) to assist AFS licensees, their representatives, and licence applicants in understanding their legal responsibilities under the Corporations Act. It focuses on ensuring that conflicts of interest are adequately managed, offering detailed advice on identifying conflicts, what constitutes adequate arrangements, and strategies for effective conflict management. The guide aims to support compliance while promoting fair and transparent practices within the financial services industry.

#conflicts of interest#afs licensing#corporations act#financial services#legal obligations

Related in GRC

GRCRegulationIn 6clicks App

EU 2016/1675 — Commission Delegated Regulation (EU) 2016.1675 on High Risk Third Countries

This regulation identifies high-risk third countries with strategic deficiencies in the area of anti-money laundering (AML) and countering the financing of terrorism (CFT). It supplements Directive (EU) 2015/849, providing a legal framework for such identifications.

Issuer: European Commission
Jurisdiction: European Union
Version: 14 July 2016
Updated: Jun 2023

View detailsaml · cft

GRCFrameworkIn 6clicks App

COBIT 2019 — COBIT 2019 Framework

The COBIT 2019 Framework, developed by ISACA, is a globally recognized standard for optimizing enterprise IT governance and management. It provides flexible, detailed guidance for organizations aiming to achieve effective governance over information and technology.

Issuer: ISACA
Version: 2019

View detailsit-governance · framework

GRCStandardIn 6clicks App

SPS 521 — Prudential Standard SPS 521 - Conflicts of Interest

Prudential Standard SPS 521 is a legislative instrument under the Superannuation Industry (Supervision) Act 1993. It sets requirements for superannuation entities in Australia to appropriately manage conflicts of interest to ensure compliance and trust in their operations.

Issuer: Australian Prudential Regulation Authority (APRA)
Jurisdiction: Australia

View detailssuperannuation · conflicts of interest