“There is only a brief consultation period, so it’s important that the response is coordinated. Not all participants will have common views but where there is a diversity of views, these need to be represented.
 
“Many managed account providers are smaller organisations and responding to ASIC Consultation Papers may not be high on their agenda. Ensuring their views are presented to the regulator is an important part of the role of an industry organisation,” said Toby Potter, Chairman of IMAP.
 
“We are also providing a facility for companies that want to make a specific response to piggy back on the broader response process,” said Mr Potter.
 
ASIC released the CP on 8 March has announced that the response period only extends to 19 April.

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