ASIC proposes updates to conflicts management guidance

30 July – ASIC is seeking feedback on proposed updates to its conflicts management guidance for financial services businesses, Regulatory Guide 181 (RG 181). The updates aim to align the guidance with current law and policy and were informed by recent surveillance work.

The updated guidance provides clarity on how Australian Financial Services (AFS) licensees can effectively manage conflicts of interest, which ASIC states is crucial for protecting consumers and maintaining market credibility. The proposed changes are part of ASIC’s ongoing effort to improve transparency and consistency across financial markets. Feedback is due by September 5, 2025. Read more here.

Policies affected: Conflicts of Interest policies and procedures (feedback only at this stage)

Organisations affected:  AFSL holders

Proposed remake of managed investment product pricing instrument

05 Aug – ASIC is proposing to remake the ASIC Corporations (Managed Investment Product Consideration) Instrument 2015/847, which is set to expire on October 1, 2025. This instrument modifies rules for managed investment schemes registered before October 1, 2013, specifically regarding how they price interests.

ASIC has found the instrument to be effective and efficient and is proposing to remake it for another five years. This will prevent disruption for entities that rely on it. The new version will include minor changes to simplify documentation and align with current ASIC drafting style but will not require older schemes to comply with the more complex ASIC Corporations (Discretions for Setting the Issue Price and Withdrawal Price of Interests in Managed Investment Schemes) Instrument 2023/693. ASIC is currently seeking public feedback on this proposal. Read more here.

Policies affected: Pricing and valuation of interests policies (feedback only at this stage)

Organisations affected:   AFSL holders who act as Responsible Entities for managed investment schemes that were registered before October 1, 2013 

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