Regulatory Alerts2026-01-20 | RG-181RG 181 AFS licensing: Managing conflicts of interest
The Australian Securities and Investments Commission issued this guide for Australian financial services licensees, their representatives, and applicants to explain legal obligations under the Corporations Act. It requires entities to maintain adequate arrangements to manage conflicts of interest, including specific guidance on identifying such conflicts and implementing effective management tools. The document details what constitutes adequate arrangements and outlines the necessary steps for ongoing conflicts management.
Issued 16 December 2025
This guide is for Australian financial services (AFS) licensees, their representatives and AFS licence applicants.
It explains the legal obligations under the Corporations Act for having adequate arrangements to manage conflicts of interest. It includes guidance on identifying conflicts, what adequate arrangements involve, and effective conflicts management through a range of tools.
Download RG 181 (PDF 675 KB)