New Derivatives Trade Reporting Rules… a Few Months in
The ASIC Derivative Transaction Rules (Reporting) 2024 (2024 Rules) came into force on 21 October 2024, replacing the ASIC Derivative Transaction Rules (Reporting) 2022. The 2024 Rules introduced several changes to the reporting requirements, including changes regarding the manner, content and format of reporting, to better align and harmonise with other trade reporting regimes.
24 March 2025
More Than a Decade on, the Australian Derivative Transaction Reporting Regime is Here to Stay With (More) Changes on the Way
Over a decade ago, Australia introduced requirements to report information about OTC derivative transactions as part of its G20 derivatives reform commitments in the aftermath of the global financial crisis. The derivative transaction reporting rules made by ASIC establish these requirements in Australia. These rules were originally introduced in 2013 (ASIC Derivative Transaction Rules (Reporting) 2013) and were remade in 2022 (ASIC Derivative Transaction Rules (Reporting) 2022). These rules set out the requirements applicable to ‘Reporting Entities’ to report information about their OTC derivative transactions to licensed and prescribed repositories. Importantly, new rules (ASIC Derivative Transaction Rules (Reporting) 2024) are coming into force in October 2024. Now is the time to engage with the detail of the regime, and ensure that your legal, compliance, operational and technological processes are up to date, fit for purpose and consistent with these requirements.
26 March 2024
Report from Project Atom – Australia’s wholesale CBDC experiment – released
Through examining both the CBDC and its use, Project Atom demonstrates the potential to improve operational efficiency, risk management and innovation in wholesale funding.
08 December 2021