Asic trade reporting rules seek convergence with international standards

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The Australian Securities and Investments Commission (Asic) released its final rules for over-the-counter trade reporting obligations for financial institutions on July 11 with a focus on ensuring consistency with international reporting regimes. The final rules were released today following a consultation that finished in March and Asic says the rules were drafted to ensure prospects for substituted compliance and jurisdictional equivalency judgements by foreign jurisdictions. The reporting

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