ASIC Commences Proceedings Against ISX and JK, page-693

The Complaints Management Policy seemed strange as it suggested that ISX was A Republic of Cyprus company regulated by the Central Bank of Cyprus.

So ISX was not Australian at all but Cypriot in Europe in the other side of the world between Greece and Turkey.

ISX was just listed on the ASX but is otherwise owned, regulated and run out of Cyprus?

If the Complaints Policy is to be believed?

As ISX was Listed on the ASX but a Republic of Cyprus company only ASIC can take Court proceedings against ISX.

AFCA may apply to it and they do not say who else you can complain to.

You can presumably complain to the Central Bank of Cyprus if the policy is correct.

I never knew it was Cypriot, a company on the other side of the world to Australia.

That explains the lack of investor protection IMHO. The Australian authorities do not know or did not know what to do with it.

I guess the ASX might never have it back.

This company ISX has no real Australian angle at all beyond it was once listed on ASX and ASIC is pursuing JK.

Perhaps everyone from holders to customers should be referring their stuff to Cyprus.