The Australian Securities and Investments Commission (ASIC) is set to implement significant updates to the reporting requirements for over-the-counter (OTC) derivatives in October 2024, harmonising Australia’s Derivatives’ Reporting regime with the work carried out by IOSCO-CPMI on critical derivatives elements. With the compliance deadline set for October 21st, 2024, market participants must swiftly adapt their reporting practices to align with the revised requirements. The ASIC Rewrite introduces several changes to…