Regulatory Alerts2024-12-01 | RG-248RG 248 Litigation schemes and proof of debt schemes: Managing conflicts of interest
The regulator issued this guide to outline how financial service providers can satisfy their obligation to maintain adequate practices for managing conflicts of interest in litigation and proof of debt schemes. It details the specific procedures required to address both potential and actual conflicts arising from these specific financial activities. The document serves as the authoritative reference for compliance with conflict management standards in these contexts.
Issued 2 December 2024
This guide sets out our approach on how a person who provides a financial service can satisfy the obligation to maintain adequate practices and follow certain procedures for managing potential and actual conflicts of interest in relation to a litigation scheme or a proof of debt scheme.
Download RG 248 (PDF 553 KB)