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List of Recommendations
Recommendation
1
3.21 The committee recommends that Treasury and the Australian
Securities and Investments Commission publish guidance material outlining the consultation
process for the development of OTC derivatives regulations and rules. The
material should be released by the commencement of the Corporations Legislation
Amendment (Derivative Transactions) Act.
Recommendation
2
3.23 The committee recommends that the Australian Securities and
Investments Commission release a regulatory guide explaining the derivative
transactions and trade repository rules.
Recommendation
3
3.25 The committee recommends that the Australia Securities and
Investments Commission provide regular updates on the development of OTC
derivatives rules and the market's response to the new regulatory requirements.
Updates can be provided as part of the committee's ongoing ASIC oversight
process.
Recommendation
4
3.27 The committee recommends that ASIC issue guidance material
on the confidentiality of data and trade repositories, and the use to which
data may be put. ASIC should closely monitor the activities of derivative trade
repository licensees regarding the use and disclosure of repository data.
Recommendation
5
3.50 The committee recommends that for matters relating to the
energy sector, the Minister for Resources and Energy be consulted prior to the
making of regulations, the mandating of derivatives or the consent to an ASIC
rule.
Recommendation
6
3.51 The committee recommends that the bill be passed.
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