On May 22, ISDA and the Global Foreign Exchange Division (GFXD) of the Global Financial Markets Association submitted a joint response to the Australian Securities and Investments Commission’s (ASIC) consultation on proposed changes to the ASIC Derivative Transaction Rules (Reporting) 2024.
In the response, the associations broadly support ASIC’s proposed amendments to the derivative reporting rules but oppose provisions that introduce non-harmonized data elements, reduce global consistency and data quality, or could be interpreted as allowing trade repositories to require data outside of ASIC-mandated fields. They also request a forward-looking implementation approach and clearer implementation period.
Documents (1) for ISDA, GFXD Respond to ASIC on Proposed Changes to Derivative Transaction Rules
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