ASIC

ASIC

What Do Reported Trades in Australia Say About Our Brokerage?

Under ASIC’s Reporting Rules, most Australian margin FX and CFD brokers are Reporting Entities that are required to report their transactions as they are considered to be over-the-counter (OTC) derivatives.

We take a look at what a trade repository or ASIC can surmise about your business from the data they receive.

ASIC

Common Mistakes in ASIC OTC Derivatives Trade Reporting

TRAction has identified a few common mistakes in ASIC trade reporting data. Ensuring the completeness and accuracy of your ASIC trade reporting is important so please take the time to review the errors in this article.

ASIC

How Do Public Holidays and Bank Holidays Impact Trade Reporting?

Public holidays and bank holidays can have a major impact on trade and transaction reporting requirements; especially if you are an entity operating under multiple regimes.  

When there is a public holiday where the regulatory body (or regulated entity) is located, it is likely that the timing of report submissions will be extended commensurately.

ASIC

ASIC Rewrite – What Additional Information Do I Need To Report?

One of ASIC’s goals is to align the Australian reporting regime with international standards. Harmonising the data collected according to the critical data elements introduced in the CDE Guidance aims to improve data quality for sharing between regulators globally.