Author: Sophie Gerber

Sophie works in our Sydney office. She is co-CEO and founder of TRAction and focuses on assisting clients in Australia, Europe and Asia to meet their regulatory requirements with trade and transaction reporting solutions as well as development of the best execution platform. She has extensive experience in providing compliance and legal services to Australia’s financial services and credit participants. Her vast experience coupled with in-depth knowledge of business practicalities, regulatory compliance and financial services laws allow her to effectively and efficiently engage with clients.

What platforms does TRAction integrate with?

At TRAction, we understand that delegating your reporting should relieve your stress not add to it, that’s why our team ensures we can integrate with as many platforms as possible.

ESMA’s Regulatory Reporting Outlook for 2022

Every year the European Securities and Markets Authority (ESMA) outlines its priorities for the following year in its annual work programme (AWP). With ESMA’s new powers and responsibilities, growth in staff numbers and changes in senior management, the AWP for 2022 was developed at a time of significant change for ESMA.

How does the quality of your trade reporting affect ASIC’s assessment of the effectiveness of the product intervention order?

ASIC introduced a product intervention order (Order) in October 2020, imposing restrictions on the issue and distribution of contracts for difference (CFDs) to retail investors. This decision came after the regulator’s finding that CFDs have resulted in, and are likely to result in, significant detriment to retail investors.

ASIC Registers two new OTC derivatives reporting instruments

ASIC registered an extension to its existing instruments to extend its previous relief. Some elements were continued, whilst others were removed. We take a look at what exemptions are still available from the ASIC Derivative Transaction Reporting Rules.