Australian Government Moves Quickly to Implement Client Money Reforms

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A number of new client money reforms are quickly being introduced to the OTC derivatives market in Australia.

The Australian Government is working swiftly to introduce client money reforms to the OTC derivatives market.

The Treasury Laws Amendment (2016 Measures No.1) Bill (“the Bill”) containing the proposed client money reforms was one of the first to be considered by the House during the first sitting of the Australian Parliament on 7 February 2017.

The Bill was read for the second time and the debate in the House of Representatives commenced.

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