6. Feedback sought

In commenting on the consultation questions below, you are encouraged to read the proposals in conjunction with the Report on the Australian OTC Derivatives Market, by APRA, ASIC and the Reserve Bank, published in October 2012 and available at this web address: http://www.rba.gov.au/payments-system/clearing-settlement/otc-derivatives/201210-otc-der-mkt-rep-au/index.html

Feedback questions

  1. Do you have comments on the costs and benefits of complying with the trade reporting obligation, as outlined in this document, from the point of view of your business and/or that of your customers?
  2. Do you have comments on the proposal to mandate a broad range of derivatives subject to the phase-in and exceptions outlined in the document? Or is there another option you prefer? If so why?
  3. Do you have a preference for the timetable being prescribed in regulation or implemented by a phased approach to ASIC rule-making?
  4. Do you have comments on the proposal timetable for implementing the trade reporting obligation? Or is there another option you prefer? If so, why?
  5. For Phase 1, do you have a preference for referencing legal status, thresholds of activity, or size proxies? For Phases 2 and 3, do you prefer activity thresholds or size proxies?
  6. Do you have comments on the proposed regulations at Attachment A? Or is there another option you prefer? If so why?
  7. Do you have comments on the proposal to wait until after review processes before making a decision on mandating trade reporting of electricity derivatives? Or is there another option you prefer? If so, why?
  8. Are there other bodies with responsibility for underlying assets upon which a derivative is based that should be also be specified under section 901J?
  9. Do you have comments on the proposal to implement the trade reporting and trade repository licensing regime expeditiously, but not to impose interim reporting obligations ahead of this? Or is there another option you prefer? If so, why?
  10. Do you have comments on the proposal to not impose central clearing obligations at this stage? Or is there another option you prefer? If so, why?
  11. Do you have comments on the proposal to not impose trading obligations at this stage? Or is there another option you prefer? If so, why?
Feedback questions