ASIC grants license to the DTCC's reporting mechanism based in Singapore
Australia’s markets regulator has for the first
time granted a license to an overseas-based derivatives trade
repository, marking the latest step as regulators in the
Asia-Pacific region try to harmonise cross-border rules.
The Australia Securities and Investments Commission (ASIC)
issued the licence on Monday to DTCC Derivatives Repository
Singapore (DDRS), and is a key step as Australia continues to
roll out the final phase of mandatory reporting
for over-the-counter derivatives.
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