OTC derivatives reform

At the 2009 Group of 20 Pittsburgh Summit, the Australian Government joined other jurisdictions in committing to substantial reforms to practices in over-the-counter (OTC) derivative markets with respect to transaction reporting, clearing and trade execution.

The overarching objectives of the OTC derivatives reforms are to:

  • enhance the transparency of transaction information available to relevant authorities and the public
  • promote financial stability, and
  • support the detection and prevention of market abuse.

These commitments aim to bring transparency to these markets and improve risk management practices. These changes provide a framework for the regulation of OTC derivatives reporting, clearing and trade execution. Queries in relation to ASIC's work in the area of OTC derivatives reform can be sent to: OTCD@asic.gov.au.

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What's new

ASIC updates licence conditions on OpenMarkets Australia Limited

3 August 2017

ASIC and OpenMarkets have agreed for an independent expert to monitor, evaluate and report on Openmarkets' implementation of recommendations arising from an independent review of its trading and compliance arrangements.

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ASIC Market Liaison Meeting

31 July 2017

ASIC's market stakeholders are invited to attend the next Market Liaison Meeting on 15 August in Sydney and Melbourne

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ASIC accepts EU from NSX market participant

28 July 2017

We have accepted an EU from Avalon Pacific Capital Pty Ltd in relation to its dealing in securities of five overseas registered companies listed on the NSX

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ASIC consults on revised licence regime for domestic and overseas market operators

20 July 2017

We are consulting on proposals to update ASIC’s regulatory guidance on the licensing regime for financial markets.

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Market Integrity Update

20 July 2017

The latest issue of the Market Integrity Update is now available.

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Last updated: 03/04/2014 12:00