Released 27 March 2026. Comments close 8 May 2026.
ASIC is seeking feedback on its proposal to make amendments to the ASIC Derivative Transaction Rules (Reporting) 2024 (2024 Reporting Rules).
These proposed amendments are intended to respond to industry requests for practical improvements, simplify reporting and support continued alignment with international data standards and the reporting rules of other major jurisdictions. The targeted changes would also help improve the quality of the data reported to ASIC for regulatory purposes.
Subject to the Minister’s consent, we propose to make the amendments to commence on Monday 1 March 2027.
A consultation paper was not issued for this consultation.
Proposed amendments
The proposed amendments:
- add a provision for reporting additional information about a report for the purposes of a Derivative Trade Repository’s data handling requirements (see Rule 2.2.1(1C))
- add a provision to authorise reporting information that is additional to what is required (see Rule 2.2.1(1D))
- clarify that constraints in the ISO 20022 base message may prevent applicable information from being reported (e.g. notional quantity information is not technically capable of being reported if notional quantity schedule information is reported) (see Rule 2.2.1(4))
- clarify that ‘alphanumeric’ format includes special characters of 7-bit ASCII for items of ‘codes’ and ‘underlier names’ and any valid ISO 20022 base message character for ‘Counterparty 2 name’ to reflect the existing reporting of this information (see S1.2.1 Definitions)
- add the data element ‘Execution agent of Counterparty 2’ to reflect the existing optional reporting of this information (see Item 13a)
- add the data element ‘Leverage ratio’ to enable reporting of certain structured derivative transactions in a single report – the current use-case identified by industry is in ‘FX TARF’ transactions but the data element is generalised to be applicable in any asset class and transaction type (see Item 31a)
- add data elements for the schedule information for notional quantity, price, strike price and barrier price to enable the one-time reporting of this information rather than by periodic update reporting as each schedule period commences (see Items 45a–45f, 49a–49c and 59c–59k)
- add data elements for barrier type and barrier exercise style where this information is not identified by the Unique Product Identifier that is reported (see Items 60a–60d)
- add the data element ‘Subsequent position UTI’ for use in transaction-to-position conversion reporting to improve the traceability of reportable transaction events to ASIC in the same way as has been implemented under the reporting rules of the European Union and the United Kingdom (see Item 99a)
- for avoidance of doubt, clarify that an ‘Other payment’ includes a monetary value transfer (see Items 74, 75, 78 and 79)
- for underliers that are not specifically identified by the Unique Product Identifier that is reported, adopt the standardised identification of underliers of the December 2025 update to the international guidance for Critical Data Elements (see Items 83 and 84 and the new Table S1.1(1a))
- add ‘EROR’ as an Action type for collateral reporting to enable industry to self-manage their reported data for situations that were not foreseen when the 2024 Reporting Rules were first made, and
- correct a previous typographical error.
See the draft proposed amendments and markup of the 2024 Reporting Rules in Related links below.
Providing feedback
We invite feedback on our proposal. You should send your submission to otcd@asic.gov.au by 5 pm (AEST) on 8 May 2026.
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Background
ASIC’s derivatives trade reporting framework has been progressively updated to modernise Australia’s regime and align it with international reporting standards. The 2024 Reporting Rules were made in December 2022 and commenced on 21 October 2024, replacing earlier reporting rules that originally commenced in 2013. Following the 2024 update, we have already implemented two targeted updates: one for a 21 October 2024 commencement and one for a 20 October 2025 commencement. We are now proposing a further limited maintenance step to support ongoing reporting simplification and data quality improvements.