(ii) contains meaningful jurisdictional disclaimers; and (iii) there is no misconduct; (b) issuers that ASIC regulates will be required to include a statement in their electronic prospectuses identifying the countries where their securities are available; and (c) ASIC will continue its co-operative efforts with international regulators to: (i) improve certainty for Australian issuers who make available offers, invitations or advertisements of securities on the Internet; and (ii) promote the confident and informed participation of consumers in Internet transactions in financial products. A copy of the policy proposal is available from the ASIC website at : http://www.asic.gov.au or the ASIC Infoline on 1 300 300 630. Submissions are due by 9 October 1998 and should be directed to: Croker Regulatory Policy Branch ASIC GPO Box 5179AA Melbourne 3001 E-mail: regpol.melb@asic.gov.au (G) COMPLAINTS RESOLUTION SCHEME APPROVED On 16 September 1998, ASIC approved the first complaints resolution scheme under its interim policy statement dealing with the Good Advice Regulations for financial advisers. The Financial Services Complaints Resolution Scheme (FSCRS), an initiative of the Financial Planning Association of Australia, has been approved for the purposes of considering complaints about licensees who provide investment advice to retail investors. From 1 October 1998, licensees must becomes members of an external complaints resolution scheme approved by ASIC. The approval granted to the is valid until 1 October 1999. The approval is conditional upon the scheme addressing key elements of the interim policy statement dealing with the adequacy of resourcing and independence from member organisations.
(ii) contains meaningful jurisdictional disclaimers; and (iii) there is no misconduct; (b) issuers that ASIC regulates will be required to include a statement in their electronic prospectuses identifying the countries where their securities are available; and (c) ASIC will continue its co-operative efforts with international regulators to: (i) improve certainty for Australian issuers who make available offers, invitations or advertisements of securities on the Internet; and (ii) promote the confident and informed participation of consumers in Internet transactions in financial products. A copy of the policy proposal is available from the ASIC website at : http://www.asic.gov.au or the ASIC Infoline on 1 300 300 630. Submissions are due by 9 October 1998 and should be directed to: Croker Regulatory Policy Branch ASIC GPO Box 5179AA Melbourne 3001 E-mail: regpol.melb@asic.gov.au (G) COMPLAINTS RESOLUTION SCHEME APPROVED On 16 September 1998, ASIC approved the first complaints resolution scheme under its interim policy statement dealing with the Good Advice Regulations for financial advisers. The Financial Services Complaints Resolution Scheme (FSCRS), an initiative of the Financial Planning Association of Australia, has been approved for the purposes of considering complaints about licensees who provide investment advice to retail investors. From 1 October 1998, licensees must becomes members of an external complaints resolution scheme approved by ASIC. The approval granted to the is valid until 1 October 1999. The approval is conditional upon the scheme addressing key elements of the interim policy statement dealing with the adequacy of resourcing and independence from member organisations.
CORPORATE-LAW-ELECTRONIC-BULLETIN-September-1998.docx