Guidance · ASIC · 1 Dec 2024 · RG-248
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)
Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.
More like this from ASIC
ASIC published 3 documents in the last 30 days. We email you each new one the day it's published.
Source: Australian Securities and Investments Commission — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
In RegAlert: added · updated