APAC Monthly Private Wealth Legal Developments – July 2025

Australia

ASIC seeks feedback on proposed updates to conflicts management guidance

ASIC has published a consultation on proposed updates to its Regulatory Guide 181: Licensing – Managing conflicts of interest, which provides guidance on how Australian financial services (AFS) licensees should identify and manage conflicts of interest. The proposed changes are designed to bring the guidance in line with current law and policy developments and are informed by ASIC's private markets surveillance work. The updated guide explains:

• how the law applies;
• the types of conflicts AFS licensees need to identify and manage;
• the need to have arrangements that are adequate to manage conflicts; and