Managing Conflicts of Interest RG181

Overview of Managing Conflicts of Interest (RG181)

Conflicts of interest in financial services are a critical concern, given the industry’s profound impact on economic stability and individual wealth. These conflicts emerge when institutions’ or financial professionals’ interests potentially compromise their duty to clients and the market’s integrity.

For instance, advice involving conflicted remuneration can harm clients’ financial wellbeing, while insider trading and misuse of confidential information can distort market fairness and erode public trust.

About our course

Our course Managing Conflicts of Interest (RG181) discusses the multifaceted nature of conflicts of interest in financial services, examining real-world examples and regulator approaches to enforcing licensee obligations. Emphasising the principles of fairness, integrity, and accountability, we explore compliance measures financial workplaces can implement to practice ethical decision-making and act in the best interests of their clients and the market at large.

Program Content

  • What is a conflict of interest?
  • Examples of conflicts of interest
  • Mitigating conflicts of interest
  • Controlling, avoiding and disclosing conflicts of interest
  • Policy and procedures – tips for financial services businesses

Learning Outcomes

  • Discuss what conflicts of interest are and why it is important to manage them
  • Illustrate examples of conflicts of interest and generic ways to mitigate them
  • Identify how ASIC recommends that licensees manage conflicts of interest
  • Assess when and how conflicts should be avoided, and best practice for handling them when they arise
  • Evaluate how disclosure can be used to manage conflicts of interest
  • Summarise key aspects of organisations Conflicts of Interest Policy.

What you will learn

Who is this course for?

  • Compliance managers
  • Representatives
  • Responsible managers
  • Senior managers

Units of Competency

Pre-requisite

Recognition of Prior Learning

Certification

You will be awarded a Certificate of Completion. It will be available online for you to download and print immediately.

ASIC-supervised licensees: Regulation
FAS-Supervised advisers (self-report): Regulatory compliance and consumer protection

Explore our Financial Services CPD

Our short course topics are also included in our annual subscription Financial Services CPD library.

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Frequently Asked Questions

Our CPD short courses are self-paced with online learning resources & on-going support.
  • You have up to 8 weeks to complete the learning and assessment requirements for your CPD short course.
  • Experienced professionals can complete in less time.

Our CPD short courses are assessed by a short open book multiple-choice exam.

To get started, either
  • Purchase your course online. (If checking out for your team, you can add multiple courses to the cart.) OR
  • Contact Us to arrange an invoice
Please note: Online orders may take up to 1 business day to be processed and for you to receive your course login details.  

To get started, either:
  • Purchase course/s online. (You can add multiple courses to the cart.) Please note: Online orders may take up to 1 business day to be processed and for your team to receive their course login details.
OR
Contact us for your Corporate Solution.
What is RG206?2023-04-21T07:53:53+10:00

Regulatory Guide 206 Credit licensing: Competence and training (RG 206)

Credit licensees must comply with the organisational competence obligation in s47(1)(f) of the National Consumer Credit protection Act 2009 (National Credit Act). Regulatory Guide 206 Credit licensing: Competence and training (RG 206) sets out the minimum expectations for demonstrating organisational competence.

What you need to do to comply will depend on the nature, scale and complexity of your business. However, Regulatory Guide 206 Credit licensing: Competence and training (RG 206) sets out our minimum expectations for demonstrating organisational competence.

You must also ensure that your representatives are adequately trained and competent to engage in the credit activities authorised by your licence: s47(1)(g).

ASIC generally expects you to determine what is appropriate initial and ongoing training for your representatives and to embed this in your recruitment and training systems.

Updated annually, our CPD is designed to enable Responsible Managers and Representatives of Australian Credit Licensees to meet their mandatory RG206 continuing training requirement. Our CPD that is structured, properly assessed and recorded.

Financial Education Professionals acknowledges the Traditional Owners of Country throughout Australia. We pay our respects to Elders past, present and emerging.