ASIC Rewrite – What Additional Information Do I Need To Report?

One of ASIC's goals is to align the Australian reporting regime with international standards. Harmonising the data collected according to the critical data elements introduced in the CDE Guidance aims to improve data quality for sharing between regulators globally.

The updated ASIC OTC derivative transaction reporting covers 128 fields. Of these, 107 fields are transaction information, 16 related to valuation data and 25 for collateral details.

So, what new information do firms need to send TRAction so we can complete your reporting once the new ASIC regime does live in October 2024?

Counterparty details

The counterparty details required for ASIC are still not as extensive as those required for similar global regulations (such as EMIR), however, there is one new field being introduced. This data element will enable ASIC to monitor the nature and geographic region of the parties involved in a transaction.