ASIC’s Latest Report Clarifies Trade Reporting Requirements

[kreslik.news]

This article was written by Sophie Gerber, the director of the compliance and legal firm Sophie Grace.

ASIC has confirmed its position on trade reporting in its latest release about the Over The Counter (OTC) Derivatives market in the detailed report on the industry released in June 2016 titled Compliance Review of the Retail OTC Derivatives Sector. You can access the full report here.

ASIC has clarified that they expect all margin foreign exchange (Margin FX), Contracts for Difference (CFD) and binary options transactions to be reported under the Derivative Transaction Rules, which can be accessed read more)