| Topic | Key information |
|---|---|
|
2024 Rules |
From 21 October 2024:
Note:
On 20 October 2025: |
|
Guidance |
Regulatory Guide 251 Derivative transaction reporting (RG 251) |
|
Technical guidance |
|
|
Minister’s Determination |
Corporations (Derivatives) Determination 2023 - determines the classes of derivatives in relation to which reporting requirements may be imposed |
|
Exemptions |
Regulations 7.5A.70-74 of the Corporations Regulations 2001 - exempts small-scale entities from reporting in certain circumstances Exemption relief from the ASIC 2024 Rules - exemptive relief for ‘Nexus Derivatives’ and other individual entity exemptions |
|
Measured compliance approach |
We recognise that the 2024 Rules are a significant overhaul compared to the prior ASIC reporting rules requirements, including that ISO 20022 is specified as the technical standard for reporting. Since making the 2024 Rules in December 2022 there have been ongoing international developments and dependencies for consideration ahead of settling ASIC guidance, published in September 2024. Also, we are aware that other jurisdictions will be going live with revised reporting requirements on or around the same time as ASIC. Therefore, we will take a measured approach to compliance until 1 March 2025 for reporting entities that make reasonable efforts to comply with the 2024 Rules. If ASIC identifies deliberate or systemic breaches, or a failure to make all reasonable endeavours to come into compliance, we will take regulatory action. |
|
Consultations |
|
Derivative transaction reporting
The ASIC Derivative Transaction Rules (Reporting) 2024 (the 2024 Rules) set out the requirements for reporting entities to report derivative transaction information to derivative trade repositories.
ASIC Derivative Transaction Rules (Reporting)
For past rules, see:
- 2022 Rules - From 21 December 2022 until 20 October 2024
- 2013 Rules - From 10 July 2013 until 20 December 2022
ISO 20022 Universal financial industry message scheme
The 2024 Rules require reporting to a trade repository using the XML tags of an ISO 20022 message definition whose message elements include the Derivative Transaction Information set out in Part S1.3 – see Rule 2.2.4.