7. Next Steps

Following this consultation, and subject to stakeholder feedback, the Minister will make a determination identifying derivatives that will be subject to the central clearing mandate. The Minister will also expose for comment draft regulations clarifying the scope of ASIC rule making under the framework as appropriate.

The regulators will conduct a third market assessment in 2014. The Government will consider any further recommendations following that assessment.

The regulators are also continuing to monitor developments in participants’ risk management practices for non‑centrally cleared trades.