ASIC has confirmed its position on trade reporting in its latest release about the Over The Counter (OTC) Derivatives market in the detailed report on the industry released in June 2016 titled Compliance Review of the Retail OTC Derivatives Sector. You can access the full report here.
ASIC has clarified that they expect all margin foreign exchange (Margin FX), Contracts for Difference (CFD) and binary options transactions to be reported under the Derivative Transaction Rules, which can be accessed here.
Sophie has worked with some of Australia’s largest financial services organisations in compliance, legal and operational roles. She has also worked with small businesses to provide tailored solutions with a strong understanding of business practicalities as well as obligations to regulators. This strong understanding allows Sophie to effectively engage with not only large financial organisations but also with small businesses. Sophie has an in depth knowledge of compliance and legal obligations for financial services businesses having vast experience in the financial services sector. Sophie continually works with a range of companies in the financial services industry, including OTC derivatives brokers.