Derivative trade repositories
Anyone who operates a derivative trade repository in Australia must be licensed or prescribed.
A derivative trade repository is a facility to which information about derivative transactions, or about positions relating to derivative transactions, can be reported.
ASIC is responsible for making and enforcing the derivative transaction rules that establish mandatory obligations for reporting, clearing and execution of derivative transactions.
Trade repositories that wish to accept derivative trade data reported under mandatory reporting obligations must be licensed under the Corporations Act 2001 or prescribed under the Corporations Regulations 2001.
As part of our role, we:
- administer the derivative trade repository licensing regime
- grant relief or exemptions from certain provisions regulating the licensing or operations of a trade repository, and
- assess, report and give directions on licensees’ compliance with their obligations.
We also make the ASIC Derivative Trade Repository Rules 2013 and the ASIC Derivative Transaction Rules (Reporting) 2013, and supervise compliance with these rules.