Under ASIC's Reporting Rules, most Australian
margin FX and CFD brokers are Reporting Entities that are required
to report their transactions as they are considered to be
over-the-counter (OTC) derivatives.
We take a look at what a trade repository or ASIC can surmise
about your business from the data they receive.
Q: Does the data identify my clients?
A: In cases where the client is an individual (natural person),
the ASIC reporting rules require only a unique ID to be input as an
identifier along with the name. No phone numbers, emails or
addresses are required in the reports.
Make sure to also check out our article on use of Unique Client
IDs here.
Likewise, where the client is a business, you are required to
report only information which is otherwise publicly available. No
phone numbers or emails are required in the reports.
