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ARTICLE · 15 FEBRUARY 2025

Need to update your Pre-ASIC Rewrite Trades?

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Re-reporting or uplifting of impacted trades needs to be done by 20 April 2025.

AustraliaCorporate/Commercial Law
Sophie Gerber
Sophie Gerber
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Time is running out for ASIC regulated firms

Under the new ASIC Rules on trade reporting, which began on 21 October 2024, there is a 6 month transition period provided to reporting entities.

Reportable trades that were entered into on or before 20 October 2024 with an expiry beyond 20 October 2025 (but have not been terminated on or before 20 April 2025), need to be re-reported or in other words, 'uplifted'. This means that impacted transactions need to be re-reported to include the new requirements as set out under the ASIC Rules. These changes include LEIs, UTIs, UPIs and other additional data fields.

Re-reporting or uplifting of impacted trades needs to be done by 20 April 2025. TRAction provides more detail and examples on how to deal with impacted trades below.

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