(published October 23, 2025)

On September 3, 2015, the Australian Treasury promulgated the Corporations Amendment (Central Clearing and Single-Sided Reporting) Regulation 2015 which (amongst other things) amends the Corporations Regulations 2001 to include a single-sided reporting exemption (the “single-sided reporting exemption”). This representation letter allows market participants to provide counterparties with status representations which may be used to help determine whether the single-sided reporting exemption is applicable. This letter also allows a Counterparty flexibility to provide multiple representations to cover certain types of trades, such as those trades booked to an Australian branch or reportable as a “nexus derivative”. In addition, this letter includes an undertaking by the Exempt Phase 3 Reporting Entity to onboard itself to a licensed derivatives repository to assess whether a Counterparty has reported. The ISDA Australian Single-Sided Reporting Letter published on October 23, 2025 may continue to be used with Counterparties, depending on the requirements of the Counterparties. This representation letter supersedes the representation letter published on October 17, 2024 and has been updated to reflect the changes to the ASIC Derivative Transaction Rules (Reporting) 2024 made under the ASIC Derivative Transaction Rules (Reporting and Clearing) Amendment Instrument 2024/416, and the withdrawal of the ASIC Prescribed Trade Repositories Determination [15/0591] and the ASIC Prescribed Trade Repositories Determination [19/325] through the ASIC Prescribed Trade Repositories Determination (Repeals) Instrument 2024/606.