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.

Briefings from Minter Ellison

View more briefings from Minter Ellison

Overview

Level 19, Aurora Place
88 Phillip Street
Sydney
2000
Australia
http://www.minterellison.com

Jurisdiction: Australia
No. of offices: 10
No. of qualified lawyers: 791