Australian regulator may review nexus trade approach

Asic commissioner hints at reviewing treatment of nexus trades

sydney-australia
Asic, based in Sydney, may revisit its rules on nexus trades

The Australian securities regulator, Asic, has said that it may review how it treats nexus trades – derivative transactions that are booked or traded abroad – under new central clearing rules that are being drawn up.

This follows a push-back from industry, which feared that the imposition of non-standard rules in Australia could create widespread uncertainty and require the development of additional systems for clearing Australian dollar swaps.

Last year, Asic decided to depart from the approach

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