Funds and Australian derivative reporting
By John Elias
A new derivative reporting regime will commence in Australia in 2015. It will apply to Australian entities that hold an Australian financial services licence (AFSL) and exempt foreign licensees (being offshore regulated parties that have the benefit of an exemption from the requirement to hold an AFSL) that have entered into over-the-counter (OTC) derivatives.
Non-compliance could lead to substantial civil penalties.
Fund managers should use the rest of 2014 to determine to what extent the new rules apply to their derivative exposures and the manner in which they propose to address these requirements…
Click on the link below to read the rest of the Minter Ellison briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.