CP 334 Proposed changes to simplify the ob体育 Derivative Transaction Rules (Reporting): First consultation
Released 27 November 2020. Comments Close 15聽March 2021.
This consultation paper sets out our first proposals to amend the ob体育 Derivative Transaction Rules (Reporting) 2013 made under s901A of the Corporations Act.
We are seeking the views of interested stakeholders on our proposals. We also request certain information from stakeholders to inform the development of future proposals.
22 February 2021:聽In response to a number of requests from stakeholders, ob体育 has decided to extend the closing date for feedback on CP聽334 by two weeks to 15聽March 2021.
27 January 2021: We wish to draw stakeholders鈥� attention to ESMA鈥檚 17聽December 2020 on its derivative transaction reporting rule changes and the changes or final options adopted at 4.2.2 (UTI) and at 4.2.4 Use of (LEIs).
Given our in-principle intent to align as closely as practical with the rules of other jurisdictions, we will consider also adopting such changes in the next version of proposed ob体育 rules for consultation.
Stakeholders should take this into account in their feedback to CP 334.
We have provided below聽a Word version of the list of proposals and questions to assist stakeholders in compiling feedback.
Submissions
ob体育 received 40 submissions to CP 334. Below are the non-confidential submissions from entities.
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Legal Entity Identifiers
4.2.4 Legal Entity Identifiers:
This includes not requiring that the LEI of foreign Counterparty 2s be validated as a renewed LEI.
Unique Trade Identifier
4.2.2 Unique Trade Identifier:
These include adopting 鈥極ption 2鈥� and introducing a specific cross-jurisdictional waterfall including bilateral agreement.