First Australian over-the-counter derivatives rules are out
In publishing draft rules and a regulatory guide for the new regulation of derivative trade repositories in Australia, the Australian Securities and Investments Commission (ASIC) has taken the first concrete step to the actual implementation of G20 derivatives reforms in Australia.
Late last year, the Australian Treasury reconfirmed that trade reporting is the first of the G20 derivatives requirements which would be implemented in Australia (see our alert here). On Friday, 15 March, ASIC published drafts of the rules and regulatory guide intended to allow this to happen — through its licensing and regulation of derivative trade repositories operating in Australia. Derivative trade repositories are a cornerstone of global regulatory efforts to increase transparency of transaction information, promote financial stability and support the detection and prevention of market abuse…
If you are registered and logged in to the site, click on the link below to read the rest of the King & Wood Mallesons briefing. If not, please register or sign in with your details below.
News from King & Wood Mallesons
News from The Lawyer
Briefings from King & Wood Mallesons
In a surprising move, treasurer Hockey has ruled against the proposed acquisition by US company Archer Daniel Midland (ADM) of Graincorp Limited (Graincorp).
The transitional arrangements that will apply once legislative amendments to the overlapping tenure framework are introduced in mid-2014 have been confirmed.
Analysis from The Lawyer
All-encompassing change is now a reality for the UK’s top 200 firms. How are they coping with the unprecedented upheaval? The Lawyer finds out