Address
304 North Cardinal St.
Dorchester Center, MA 02124

Work Hours
Monday to Friday: 7AM - 7PM
Weekend: 10AM - 5PM

Australia (ASIC) Derivative Trade Reporting

Overview of ASIC Reporting

The regulation of derivatives in Australia is overseen by the Australian Securities and Investments Commission (ASIC)

  • Corporations Act 2001, Part 7.5A (mandates derivatives transaction reporting under the G20 framework).
  • ASIC Derivative Transaction Rules (latest update in 2024).
  • ASIC Regulatory Guides, such as RG 251, providing compliance guidance.
  • Authorized Deposit-taking Institutions (ADIs) (banks, credit unions, building societies).
  • Australian Financial Services (AFS) license holders – Businesses licensed to provide financial services in Australia.
  • Clearing and Settlement (CS) facility licensees – Entities that manage the clearing and settlement of transactions.
  • Managed investment schemes and corporate collective investment vehicles (CCIVs) (under specific conditions) – Investment funds.
  • Entities with total gross notional OTC derivative positions exceeding AUD $5 billion.
  • Foreign companies conducting derivative business in Australia.

If you’re unsure if your entity is subject to these requirements, contact us for a consultation.

Contact Us Now

OTC derivatives subject to reporting requirements consist of interest rate, foreign exchange, credit, equity, and commodity derivatives, with the exception of electricity derivatives, which are exempt from reporting obligations.

Transactions and Participants

All OTC derivative transactions from the prescribed asset classes must be reported if at least one counterparty is an Australian reporting entity.

Lifecycle reporting applies to all asset classes and covers transaction- and position-levels. Typically, both parties are required to report (dual-sided reporting), but delegated reporting is permitted. Important: even when outsourcing reporting duties, the original counterparty remains responsible for data completeness.

Small buy-side entities with low trading volumes are granted relief under the small-scale buy-side exemption, which reduces certain reporting obligations.

Let us help you understand if the dual-sided or delegated reporting model is right for your business

Contact Us Now
Reporting Deadlines

The reporting deadline is set to T+2 business days. This means that reports must be submitted no later than the second business day after a transaction is executed or modified.

The T+4 reporting deadline applies to package transactions (excluding FX swaps).

Reporting Format and Submission Method

Reports must be submitted to licensed Derivative Trade Repositories (DTRs), such as: DTCC Data Repository (Singapore) Pte Ltd (DDRS) and KOR Reporting Inc. (KOR). Reports for all submissions must follow ISO 20022 messaging standards for consistency and global alignment.

Identifiers

All OTC derivative transactions from the press are granted relief under the small-scale buy-side exemption, which reduces certain reporting obligations.

  • UTI: each transaction must have a Unique Transaction Identifier (UTI) in compliance with ISO 23897.
  • LEI: counterparties are identified using a Legal Entity Identifier (LEI).
  • UPI: a Unique Product Identifier (UPI) must be reported for derivative classification.

Foreign participant rules to change in October 2025: A new “nexus test” will replace the current “entered-into in Australia” criterion for determining reporting obligations. The alternative reporting regime for foreign dealers will be discontinued, requiring them to report directly to an Australian trade repository. A transition period until October 2025 allows foreign participants to adapt to direct reporting.

Contact us to understand how these changes will affect your specific reporting obligations.

Contact Us Now

Key Challenges in ASIC Reporting

  • Data Quality & Validation Risks – Ensuring accurate, complete, and standardised reports. Resolve DTR provides automated validation and reconciliation tools to address this.
  • Rising Compliance Costs – Increased burden due to the removal of the safe harbor for delegated reporting. Resolve DTR offers efficient managed operations to help control these costs.
  • Global Reporting Complexity – Inconsistent regulatory requirements across jurisdictions. Resolve DTR has expertise across multiple jurisdictions to ensure consistent reporting.
  • Frequent Regulatory Changes – Keeping up with evolving ASIC rules and compliance deadlines. Resolve DTR provides proactive regulatory updates and guidance.

How We Help You Stay Compliant

Regulatory Expertise

Our specialists analyse your reporting framework to ensure full compliance with the ASIC Derivative Transaction Rules (Reporting) 2024

Button
Data Validation & Accuracy Checks

We implement automated validation, traceability, and reconciliation to eliminate reporting errors, leveraging the KOR Financial platform

Button
Seamless Delegated Reporting Management

We monitor third-party reporting to prevent compliance gaps, offering a comprehensive delegated reporting service

Button
Proactive Regulatory Updates

Stay ahead with insights on ASIC guidance and industry changes

Button
Pre-Implementation Testing & Review

We test your reporting systems before submission to avoid costly corrections

Button

Need Compliance Support?

Our team ensures smooth ASIC derivative reporting so you can focus on your business. Get in touch today for a consultation.

Contact Us Now

Useful resources and updates

Official ASIC website –  https://asic.gov.au/

Derivative Transaction Reporting – https://asic.gov.au/regulatory-resources/markets/otc-derivatives/derivative-transaction-reporting/

Licensed Trade Repositories:

DTCC – https://www.dtcc.com/

KOR – https://www.korfinancial.com/

ISO 20022  – https://www.iso20022.org/

Industry Reports & Whitepapers

ISDA – https://www.isda.org/

AFMA – https://www.afma.com.au/

Our blog – create the output of posts tagged #ASIC (and create such tag)