Australia: ISDA responds to ASIC consultation on pre-hedging guidance

On July 27, ISDA submitted a response to the Australian Securities and Investments Commission’s (ASIC) consultation on its proposed regulatory guide on pre-hedging. ISDA’s response emphasises the importance of international consistency, including alignment with the International Organization of Securities Commissions’ (IOSCO) Final Report on Pre-Hedging, and supports a proportionate, principles-based and risk-based approach. ISDA asks that ASIC’s guidance remain consistent with IOSCO’s recommendations and existing industry codes, to support a level playing field across markets and reduce uncertainty for market participants.

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