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ASIC Derivative Transaction Rules (Reporting and Clearing) Amendment Instrument 2024/416
I, Benjamin Cohn-Urbach, delegate of the Australian Securities and Investments Commission, acting with the written consent of the Minister, make the following legislative instrument.

Date 19 August 2024

Benjamin Cohn-Urbach

Contents

Part 1 – Preliminary                                                                                                   3
 1   Name of legislative instrument ……………………………………………3
 2   Commencement……………………………………………………………3
 3   Authority…………………………………………………………………...3
 4   Schedules…………………………………………………………………..3
Schedule 1 – Amendments                                                                                          4
 ASIC Derivative Transaction Rules (Reporting) 2024 Amendment Instrument 2024/1……………..…………………………………………………….………4
Schedule 2 – Amendments                                                                                           5
 ASIC Derivative Transaction Rules (Reporting) 2024………….....…………..5
Schedule 3 – Amendments                                                                                           9
 ASIC Derivative Transaction Rules (Reporting) 2024………….....…………..9
Schedule 4 – Amendments                                                                                         11
 ASIC Derivative Transaction Rules (Reporting) 2024………….....…………11
Schedule 5 – Amendments                                                                                         13
 ASIC Derivative Transaction Rules (Clearing) 2015…………......…………13

Part 1—Preliminary

1 Name of legislative instrument
This is the ASIC Derivative Transaction Rules (Reporting and Clearing) Amendment Instrument 2024/416.

2 Commencement
This instrument commences as follows:
            (1) Part 1 and Schedules 1, 2, 3 and 5 to this instrument commence on the later of:
              (a)   21 October 2024; and
              (b)   the day after it is registered on the Federal Register of Legislation;
            (2) Schedule 4 to this instrument commences on the later of:
              (a)   20 October 2025; and
              (b)   the day after it is registered on the Federal Register of Legislation;
Note: The register may be accessed at www.legislation.gov.au.

3 Authority
This instrument is made under section 901M of the Corporations Act 2001.

4 Schedules
Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

Schedule 1—Amendments

ASIC Derivative Transaction Rules (Reporting) 2024 Amendment Instrument 2024/1
    1  Item 12 Subrule 2.2.1(4) (heading)
    After "Exception for incomplete ISO 20022 message definition", insert ", delay for changed message definition".

    2  Item 12 Subrule 2.2.1(4)
    Omit all of words after "Reportable Transaction", subsitute:

":
        (a)        if at the time the Reporting Entity is required to comply with the requirements, the ISO 20022 message definition used in accordance with subrule 2.2.4(2) does not include those items of Derivative Transaction Information; or
        (b)       until the first Monday that occurs 7 months after the date of an approved change to the ISO 20022 message definition, if at the time the reporting entity is required to comply with the requirements, the changed ISO 20022 message definition has been in effect for a period of less than 7 months."
    3 Item 15 Paragraph 2.2.4(2)(b)
     Repeal the item.

Schedule 2—Amendments

ASIC Derivative Transaction Rules (Reporting) 2024
    1 Rule 1.2.3 (definition of clearing member)
    Omit "operating rules", substitute "Operating Rules".
    2 Rule 1.2.3 (definition of Operating Rules)
    Relocate the definition to