The Australian Treasury Department has issued an exposure draft of the regulations and related press release to facilitate the operation of derivatives trade reporting regime. Reporting obligations will be imposed across all five derivatives asset
classes: commodity derivatives that are not electricity derivatives; credit derivatives; equity derivatives; foreign exchange derivatives; and interest
rate derivatives. The trade reporting obligations will apply following the entry into force of the Australian Securities and Investments Commission (ASIC) rules for trade repositories and trade reporting which are anticipated to be finalised in July 2013.
These draft regulations also include restrictions on ASIC’s rule making power in relation to end users and operational measures to ensure the trade reporting regime has appropriate regulations governing the enforcement of trade reporting rules and the confidentiality
Related Links: Exposure draft