gear-384743_1280A “Reporting Entity” needs to report information about its “Reportable Transactions” under the ASIC Derivative Transaction Rules (Reporting) 2013.

For each type of Reportable Entity, the Reportable Transactions in relation to that Reportable Entity are as set out below:

ASIC reporting table

Assuming that an OTC derivatives broker is an Australian entity or foreign subsidiary of an Australian entity in respect of a transaction with a customer, the Reporting Entity is the counterparty with the customer.  Read more on Finance Magnates or on our Media Page.

Sophie Gerber

Sophie is the director of both Sophie Grace Legal Pty Ltd and Sophie Grace Pty Ltd. Sophie has worked with some of Australia’s largest financial services organisations in compliance, legal and operational roles. She has also worked with small businesses to provide tailored solutions with a strong understanding of business practicalities as well as obligations to regulators.