ASIC is responsible for making and enforcing the derivative transaction rules that establish mandatory obligations for reporting, clearing and execution of derivative transactions.
The derivative transaction rules impose obligations on reporting entities to report information about their transactions and positions in OTC derivatives to a licensed or prescribed trade repository.
Trade repositories that wish to accept derivative trade data reported under mandatory reporting obligations must be licensed or prescribed.
Large financial institutions that transact in prescribed OTC interest rate derivatives are also required to centrally clear their transactions through licensed or prescribed clearing and settlement facilities.
If you have any questions about OTC derivatives, OTCD@asic.gov.au.