LEI-only policy for ASIC reporting after October 2024
The ASIC Reporting Rules now provide that Legal Entity Identifiers (LEIs) are the only allowable entity identifier for all eligible relevant entities under the ASIC reporting regime. All LEIs used as entity identifiers for the reporting entity, counterparty 1 (and the central counterparty) will need to be duly renewed and remain valid at all times. A renewed LEI […]
ASIC Trade Reporting Breaches – a Summary
Are you aware of the penalties for non-compliance with ASIC’s trade reporting rules? Australian entities dealing in OTC derivatives are required to report under and comply with the ASIC Derivative Transaction Rules (Reporting) 2024 (the Reporting Rules). What can you be fined for? You could be subject to penalty should you fail to comply with the following provisions […]
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.
Clearing timestamp – ASIC Rewrite
Execution Timestamp – ASIC Rewrite
Unique Transaction Identifier – ASIC Rewrite
Unique Product Identifier – ASIC Rewrite
Asset Class – ASIC Rewrite
Contract Type – ASIC Rewrite
Reporting Entity – ASIC Rewrite
