ASIC Seeks Feedback on Derivative Reporting Rules Updates

ASIC News & Regulatory Updates

Published October 21st, 2024

Detected March 27th, 2026

Summary

ASIC is seeking feedback on proposed updates to its Derivative Transaction Rules (Reporting) 2024. The changes aim to simplify reporting, reduce complexity, align with international standards, and improve data quality. Feedback is requested by 5pm AEST on 8 May 2026.

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What changed

ASIC has opened a consultation period for proposed amendments to the ASIC Derivative Transaction Rules (Reporting) 2024. These changes are intended to simplify reporting requirements, decrease regulatory complexity in response to industry feedback, and enhance the quality of data reported to ASIC by aligning the Australian framework with international standards. The current 2024 Rules, which commenced on 21 October 2024, have already undergone targeted amendments, with further updates planned for October 2025.

Affected entities, including those involved in derivative transactions, should review the proposed updates and submit feedback to ASIC by 5pm AEST on 8 May 2026. The consultation aims to gather input on how these changes will impact reporting processes and data integrity. While the specific compliance deadline for the final amended rules is not yet set, stakeholders should prepare for potential adjustments to their reporting obligations based on the feedback received and subsequent rule finalization.

What to do next

Review proposed updates to the ASIC Derivative Transaction Rules (Reporting) 2024
Submit feedback to otcd@asic.gov.au by 5pm AEST on 8 May 2026

Source document (simplified)

Newsroom

Print Share ASIC is consulting industry and interested stakeholders on proposed updates to the ASIC Derivative Transaction Rules (Reporting) 2024 (the 2024 Rules).

The proposed changes aim to simplify reporting and reduce regulatory complexity, in response to industry feedback.

The updates would also help align Australia’s framework with international standards, while improving the quality of the data reported to ASIC.

The 2024 Rules set out the requirements for reporting derivative transaction information to derivative trade repositories.

A copy of the proposed updates to the 2024 Rules, along with a detailed summary of the changes, is available on the consultation webpage.

Providing feedback

ASIC welcomes feedback on the proposed changes from industry and interested stakeholders.

Submissions should be sent to otcd@asic.gov.au by 5pm (AEST) on 8 May 2026.

Further information, including how to make a submission, is available on the consultation webpage.

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 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, ASIC implemented two targeted amendments: