ASIC’s Mandatory Lifecycle Reporting for CFDs, Margin FX and Equity Derivatives

Under the current derivative transaction rules, reporting entities have an option to adopt either snapshot or lifecycle reporting. Nevertheless, rule 2.2.8(3) of ASIC Derivative Transaction Rules (Reporting) 2013 allows ASIC to determine certain derivatives to be ‘Excluded Derivatives’ for using snapshot reporting.

The lifecycle reporting for the list of ‘Excluded Derivatives’ was made mandatory from 1 July 2019 onwards.

This reporting method aims to achieve the following:

  • enhance the transparency of information available to relevant authorities and the public;
  • promote financial stability; or
  • support the detection and prevention of market abuse.

ASIC considers these changes will be useful for monitoring market misconduct and the prevention of market abuse in these products.

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