pc
nid 92171
Apr 24, 2026
kgurnani@vixio.com
Australia
Australian Securities and Investments Comission
horizon scanning
123% of draft length
draft in Generated
Generated
1772 charsAustralia's Securities Regulator Proposes Updates to Derivative Transaction Reporting Rules
On 27 March 2026, the Australian Securities and Investments Commission (ASIC) launched a consultation on proposed amendments to the ASIC Derivative Transaction Rules (Reporting) 2024 (2024 Reporting Rules). The proposed amendments respond to industry requests for practical improvements, simplify reporting requirements, and support alignment with international data standards and the reporting frameworks of other major jurisdictions.
The targeted changes aim to improve data quality reported to ASIC for regulatory purposes. Key proposed amendments include: adding provisions for reporting additional information to support Derivative Trade Repository data handling requirements; clarifying constraints in ISO 20022 base messages; expanding the definition of 'alphanumeric' format to include special characters; introducing new data elements including 'Execution agent of Counterparty 2', 'Leverage ratio', and 'Subsequent position UTI'; adding schedule information data elements for notional quantity, price, strike price and barrier price; introducing barrier type and barrier exercise style data elements; clarifying that 'Other payment' includes monetary value transfers; adopting standardised underlier identification from the December 2025 update to international Critical Data Elements guidance; and adding 'EROR' as an Action type for collateral reporting.
Subject to ministerial consent, the amendments are proposed to commence on 1 March 2027. The original feedback deadline of 8 May 2026 was extended to 22 May 2026 in response to industry requests. Submissions should be sent to otcd@asic.gov.au by 5pm (AEST) on 22 May 2026. Respondents may remain anonymous or use an alias, though this may limit ASIC's ability to seek clarification on feedback provided.
Agent draft
Not run yet.
Published
2174 charsAustralia's Securities Regulator Proposes Updates to Derivative Transaction Reporting Rules
On 27 March 2026, the Australian Securities and Investments Commission (ASIC) launched a consultation on proposed amendments to the ASIC Derivative Transaction Rules (Reporting) 2024 (2024 Reporting Rules).
The proposed amendments respond to industry requests for practical improvements, simplify reporting requirements, and support alignment with international data standards and the reporting frameworks of other major jurisdictions. The targeted changes aim to improve data quality reported to ASIC for regulatory purposes. Key proposed amendments include:
Adding provisions for reporting additional information to support Derivative Trade Repository data handling requirements.
Clarifying constraints in ISO 20022 base messages
Expanding the definition of 'alphanumeric' format to include special characters
Introducing new data elements including 'Execution agent of Counterparty 2', 'Leverage ratio', and 'Subsequent position UTI'
Adding schedule information data elements for notional quantity, price, strike price and barrier price
Introducing barrier type and barrier exercise style data elements
Clarifying that 'Other payment' includes monetary value transfers; adopting standardised underlier identification from the December 2025 update to international Critical Data Elements guidance; and adding 'EROR' as an Action type for collateral reporting. Subject to ministerial consent, the amendments are proposed to commence on 1 March 2027. The original feedback deadline of 8 May 2026 was extended to 22 May 2026 in response to industry requests. Submissions should be sent to otcd@asic.gov.au by 5pm (AEST) on 22 May 2026.
Clarifying that 'Other payment' includes monetary value transfers; adopting standardised underlier identification from the December 2025 update to international Critical Data Elements guidance; and adding 'EROR' as an Action type for collateral reporting.
Subject to ministerial consent, the amendments are proposed to commence on 1 March 2027.
The original feedback deadline of 8 May 2026 was extended to 22 May 2026 in response to industry requests. Submissions should be sent to otcd@asic.gov.au by 5pm (AEST) on 22 May 2026.