GRCGuideline

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.

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Overview

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.

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