CP 84 Managed investment schemes: Withdrawal rights and scheme liquidity
Released 3 July 2007. Comments closed 21 August 2007.
This consultation paper sets out our proposed guidance on:
- what disclosures responsible entities of pooled mortgage schemes should make to members about their withdrawal rights; and
- how responsible entities of pooled mortgage schemes should monitor and manage liquidity risks.
Following the consultation process, we propose to issue final guidance on these matters.
This paper also discusses certain legal issues raised by the withdrawal provisions in Pt 5C.6 of the Corporations Act 2001 (Act) and seeks submissions on whether we should give relief so that a scheme constitution may provide for more than one withdrawal period to apply at any one time.