Under the Corporations Amendment Regulation 2012 (No 6), as amended by the Corporations Amendment Regulation 2012 (No 6) Amendment Regulation 2012 (No. 1), a person providing financial services for litigation funding is exempt from the requirements that would otherwise apply under Chapter 7 of the Corporations Act (being inter-alia the requirement to hold an Australian Financial Services Licence), but the person must maintain, for the duration of the scheme, adequate practices for managing any conflicts of interest that may arise in relation to their litigation funding.
To ensure compliance with these obligations, LCM has, amongst other things, implemented and adopted a policy for managing conflicts of interest.
LCM provides a copy of its policy to any party to which it provides litigation finance.