RG 259

RG 259 outlines the expectations for AFS licensees, particularly fund operators, to establish and maintain effective risk management systems. It provides detailed steps and considerations to comply with section 912A(1)(h) of the Corporations Act 2001, which mandates adequate risk management systems. Issued by the Australian Securities and Investments Commission (ASIC), the guide is designed to promote consistency across the industry and ensure that operators adequately identify, assess, and mitigate risks. The guide was issued on October 6, 2022, and includes supplementary materials like a regulation impact statement.