This is an area where Australia does have some relevant experience. In particular, in the past 25 years we have had two episodes where there have been significant runs on collective investment vehicles. The first was in the early 1990s and initially involved a run on mortgage trusts operated by Estate Mortgage.
It followed a boom and subsequent emerging bust in the commercial property market. The run came to an end when redemptions were frozen by the National Companies and Securities Commission, a forerunner of ASIC.