OTC derivatives reform

At the 2009 Group of 20 Pittsburgh Summit, the Australian Government joined other jurisdictions in committing to substantial reforms to practices in over-the-counter (OTC) derivative markets with respect to transaction reporting, clearing and trade execution.

The overarching objectives of the OTC derivatives reforms are to:

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

These commitments aim to bring transparency to these markets and improve risk management practices. These changes provide a framework for the regulation of OTC derivatives reporting, clearing and trade execution. Queries in relation to ASIC's work in the area of OTC derivatives reform can be sent to: OTCD@asic.gov.au.

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What's new

BGC Partners pays infringement notice penalty

23 February 2017

BGC Partners (Australia) Pty Limited has paid a penalty of $90,000 to comply with an infringement notice given to it by the MDP.

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Market Integrity Update

20 February 2017

The latest issue of the Market Integrity Update is now available

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Share Investing pays infringement notice penalty

20 February 2017

Share Investing Limited has paid a penalty of $130,000 to comply with an infringement notice given to it by the MDP.

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Cleaning up our markets from dangerous leaks of information

1 February 2017

ASIC Commissioner Cathie Armour discusses market cleanliness as we head into the reporting season.

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Last updated: 23/03/2016 03:09