http://www.investordaily.com.au/cps/rde/xchg/id/style/15177.htm?rdeCOQ=SID-0A3D9632-E717C2D1
''......ASIC has called for industry feedback on an MIS consultation paper that proposes, among other things, the introduction of formal dispute resolution measures for REs...''
''...Under part of the proposal, ASIC called for REs to have "constitutional provisions", when dealing with complaints by retail clients, that were consistent with existing approved ASIC internal dispute resolution procedures. It said the RE might devise its own complaints handing procedures for wholesale clients....''
''...ASIC is seeking feedback on its proposals from REs, their advisers, industry associations, financial consumer and investor advocacy groups, and any other interested parties. Deadline for submissions is 13 November, with the regulator expected to release updated regulatory guides by March 2013....''
"...other interested parties..."
thats us guys, I think all 10,700 of us should put forward a submission based on the experiences we have faced as INVESTORS...
http://www.asic.gov.au/asic/asic.nsf/byHeadline/12-230MR%20ASIC%20consults%20on%20the%20constitutions%20of%20registered%20managed%20investment%20schemes?opendocument
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