Australian OTC Clearing Mandates

posted Jun 1, 2015, 5:46 PM by David Larratt

The government has made a call for submissions on its draft legislation for the mandatory central clearing of over-the-counter (OTC) interest rate derivatives.

The reforms are looking to bring Australia in line with other developed financial markets.

Draft amendments to the Corporations Regulations for both measures are contained in Corporations (Derivatives) Amendment Determination 2015 (No. 1) and the Corporations Amendment (Central Clearing and Single-Sided Reporting) Regulation 2015.