ob体育

Short selling reporting: Short position reporting

This is Information Sheet 98 (INFO 98). It helps short sellers and systems developers to comply with and develop systems to assist with compliance with short selling reporting requirements.

This information sheet covers the following topics:

• Regulatory Guide 196 Short selling (RG 196)

• how to submit short position reports

• FIX Rules of Engagement for system developers

• ob体育 external test and conformance test facilities

• how to register as a short seller

• release notes, relevant to all parties, outlining changes to the system

Regulatory Guide 196 Short selling

Regulatory Guide 196 Short selling (RG 196) contains an overview of the short selling provisions of the Corporations Act 2001 (Corporations Act) and the Corporations Regulations 2001 (Corporations Regulations).

How to submit short position reports

A short seller may lodge their own short position reports or may authorise a submitting entity to lodge short position reports on their behalf.

ob体育 will receive all short position reports via Financial Information eXchange (FIX) protocol 鈥榩osition report鈥� messages.

Short sellers and entities submitting on behalf of short sellers will rely on their information technology team or an external system provider to develop a FIX-compliant reporting solution to send FIX position report messages to ob体育.

Developers of reporting solutions may need to develop or purchase a FIX engine.

A new reporting solution must complete the ob体育 conformance process before the solution will be granted access to the pilot testing and/or production environment. See 鈥�ob体育 external test and conformance test facilities鈥� below.

If you are considering obtaining a reporting solution from an independent provider, you must ensure that their proposed reporting solution has completed and satisfies the ob体育 conformance process. The following companies have advised ob体育 that they may be able to offer such reporting solutions:

• ob体育-Connect

• Cameron Edge

• Connection Artech

• FIX Flyer

• FMO

• FundApps, Automated ob体育 Filing,

• IRESS

• NYSE Euronext

• SS&C Technologies

• Thomson Reuters in partnership with MyTreasur-e

• TORA

• TradingScreen

Depending on your reporting solution, you may also need to establish a network connection with ob体育. The following companies have advised ob体育 that they may be able to offer such network connectivity:

• TNS

• BT Radianz 聽 or .

Disclaimer: The above list of service providers, and any statements by ob体育 in regard to them, should not be taken as ob体育 endorsing or recommending any particular reporting solution provider, any connectivity provider or the services they offer. You should make you own enquiries as to the adequacy of their services before using them.

Note: The above list of service providers may not be the only companies that can provide these services. Other companies that can provide these services and wish to be added to our provider lists should contact ob体育 at [email protected]

Publication of short position reports

The total of short positions for financial products on a given reporting day will be published on the ob体育 website four days after the reporting day (T+4). These reports will not contain short seller details.

View table of short position reports

FIX Rules of Engagement for system developers

The ob体育 document Short selling: Short position reporting鈥擣IX Rules of Engagement (FIX Rules of Engagement) provides the ob体育 FIX specifications for information technology system developers. It contains information for developers of reporting solutions using either direct (point-to-point) FIX connections or indirect (hub and spoke) FIX connections. It will not be of direct interest to short sellers using a submitting entity or using a reporting solution provided by a third party system developer to send short position reports.

Download:

• FIX Rules of Engagement

ob体育 external test and conformance test facilities

Reporting solution developers can test their FIX interfaces on a permanent dedicated ob体育 test facility (FIX UAT environment). Service levels for the test facility may vary from time to time, the UAT environment is supported on a best efforts basis. ob体育 recommends developers wishing to test changes to their environment note the below estimated timelines and allow sufficient time for processing of their request.

For new reporting solution providers follow these directions to access the test facility:

1. Contact your network provider to arrange connectivity to ob体育. Your network provider will provide the ob体育 details required to configure your FIX engine.

2. Complete the test and and email it to [email protected] to register your organisation鈥檚 intention to use the ob体育 test facility.

3. ob体育 will notify you when you can begin testing (Allow 10 business days)

For existing reporting solution providers follow these directions to access the test facility:

1. Email ob体育 [email protected] notifying of your intention to submit test data to the UAT environment specifying the trading/reporting dates required.
2. ob体育 will populate the UAT database with data and allow reporting for the dates specified.
3. ob体育 will notify you when the data has been loaded and testing can begin (Allow 5 business days).

Only conforming FIX interfaces will be granted access to the ob体育 production environment. When FIX interface testing is complete, reporting solution developers requiring access to the ob体育 production environment should email [email protected] to indicate their interface is ready for the conformance test process.

For conformance testing, ob体育 will provide you with a test script and you will be notified of a time slot in which to perform your testing. Conformance testing covers the following tests:

• FIX session: A FIX client session will be established and you will submit FIX messages to test session level rules such as connectivity, authentication and assurance are met.

• FIX interface: FIX messages are validated to ensure they meet the PositionReport rules outlined in the FIX Rules of Engagement.

Upon successful completion of the conformance process, an email will be sent to you and your network provider with details for connecting to the production environment.

How to register as a short seller

If an Australian short seller does not have an Australian Company Number (ACN) or Australian Registered Body Number (ARBN), or an overseas short seller does not have a SWIFT Bank Identifier Code (BIC), they must get a unique identifier before they can submit short position reports.

This process collects some basic contact details and will take less than five minutes to complete. To get your unique identifier go to short seller registration.

The identifier is used for short position reporting and is not used for any other purpose.

FIX developers should use this ob体育-allocated identifier as PartyID in the FIX message if a short seller does not have an ACN, ARBN or BIC.

Where can I get more information?

• Email [email protected]

• More information about short selling

• See ob体育 Media Advisory 10-42AD Short position reporting [Withdrawn as per INFO 152 Public comment on ob体育's regulatory activities]

• Download the FIX Rules of Engagement

• Regulatory Guide 196 Short selling (RG 196)

Important notice

Please note that this information sheet is a summary giving you basic information about a particular topic. It does not cover the whole of the relevant law regarding that topic, and it is not a substitute for professional advice. We encourage you to seek your own professional advice to find out how the applicable laws apply to you, as it is your responsibility to determine your obligations.

You should also note that because this information sheet avoids legal language wherever possible, it might include some generalisations about the application of the law. Some provisions of the law referred to have exceptions or important qualifications. In most cases, your particular circumstances must be taken into account when determining how the law applies to you.