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FinTech Australia’s Member Ecosystem Map

Posted on July 21st, 2017 by Sophie Gerber in Finance IndustryFintechOTC Trade Reporting
Australia’s FinTech industry body FinTech Australia, released its first member ecosystem map last month. The map is aimed at building a greater worldwide understanding of Australia’s FinTech indus ...

Bank of Israel Regulation for Shekel Derivatives Commences in January 2017

Posted on November 29th, 2016 by Sophie Gerber in AFSL ComplianceOTC Trade Reporting
Many FX brokers have products denominated in shekels and may not realise that they have reporting obligations to the Bank of Israel as well as their standard jurisdictional reporting require ...

ASIC’s Latest Report Clarifies Trade Reporting Requirements

Posted on July 28th, 2016 by Sophie Gerber in OTC Trade Reporting
ASIC has confirmed its position on trade reporting in its latest release about the Over The Counter (OTC) Derivatives market in the detailed report on the industry released in June 2016 titled Complia ...

Australia – December 4 reporting deadline looming – Are you ready?

Posted on November 26th, 2015 by Sophie Gerber in OTC Trade Reporting
Under the ASIC Derivative Transaction Rules (Reporting) 2013 as amended (the Reporting Rules), Australian issuers of OTC derivatives (with less than A$5 billion gross notional outstanding positions as ...

Deadline for Phase 3B OTC Derivatives Issuers Moved to 4 December 2015

Posted on October 9th, 2015 by Sophie Gerber in OTC Trade Reporting
The Australian Securities and Investments Commission (ASIC) announced that it has taken an in principle decision to extend the commencement date for reporting of reportable transactions by Phase 3B re ...

BREAKING: Phase 3B commencement extended to 4 December 2015

Posted on October 8th, 2015 by Sophie Gerber in OTC Trade Reporting
ASIC have just released the following text to the industry regarding the OTC Derivative trade reporting obligations.  We will be reviewing this information throughout the course of the day and provid ...

Are You Ready? – October 12 Trade Reporting Deadline Looming

Posted on October 8th, 2015 by Sophie Gerber in OTC Trade Reporting
What information or data needs to be reported for the ASIC's October 12th deadline? Read what reporting requirements are expected. Under the ASIC Derivative Transaction Rules (Reporting) 2013 as am ...

Trade Reporting – Are You Worried About Providing Sensitive Data?

Posted on October 5th, 2015 by Sophie Gerber in OTC Trade Reporting
Australian issuers of OTC derivatives (with less than A$5 billion gross notional outstanding positions as of 30th June, 2014) will need to report for the first time from 12 October, 2015 under the ASI ...

What Are The Penalties For Not Reporting? – OTC Derivatives

Posted on September 30th, 2015 by Sophie Gerber in OTC Trade Reporting
The imminent deadline of 12 October 2015 for reporting OTC derivative trades in Phase 3B is going to be very strict on those who do fail to report. Learn here what penalties can arise, if one fail ...

The Safe Harbour Benefits of Delegated Reporting

Posted on September 25th, 2015 by Sophie Gerber in OTC Trade Reporting
Australian issuers of OTC derivatives (with less than A$5 billion gross notional outstanding positions as at June 30, 2014) will need to report for the first time from October 12, 2015 under the ASIC ...