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OTC derivative reporting rules relaxed 

February 27, 2015

Staff Reporter, Investor Daily

Following industry consultation on ASIC’s proposed revisions to the rules, which require the mandatory trade reporting of OTC derivatives (CP 221), the regulator has made changes to the rules to make them easier to comply with.

“ASIC has carefully considered stakeholder feedback arising from CP 221 and has taken steps to make the reporting regime more effective and easier to comply with,” ASIC commissioner Cathie Armour said.

“Having access to comprehensive OTC derivatives data is key to understanding and supervising the OTC derivatives markets.”

Read More: Investor Daily 

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