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August 31, 2004

New Conflicts Policy

ASIC has issued Policy Statement 181 Licensing: Managing conflicts of interest [PS 181] setting out how it expects financial services licensees to manage their conflicts of interest.

PS 181 is based on the new conflicts management obligation for licensees implemented by the Commonwealth Government’s Corporate Law and Economic Reform Program (CLERP 9) legislation. The new obligation takes effect from 1 January 2005.

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Posted 31st August 2004 by David Jacobson in Financial Services