Corporations Amendment (Derivative Trade Repositories) Regulation 2013 (Cth)

Corporations Amendment (Derivative Trade Repositories) Regulation 2013

Select Legislative Instrument No. 150, 2013

I, Quentin Bryce AC CVO, Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulation under the Corporations Act 2001.

Dated 28 June 2013

Quentin Bryce

Governor‑General

By Her Excellency’s Command

Chris Bowen

Treasurer

Contents

1............ Name of regulation............................................................................. 1

2............ Commencement.................................................................................. 1

3............ Authority............................................................................................ 1

4............ Schedule(s)......................................................................................... 1

Schedule 1—Amendments                                                                            2

Corporations Regulations 2001                                                               2

1Name of regulation 

This regulation is the Corporations Amendment (Derivative Trade Repositories) Regulation 2013.

2Commencement 

This regulation commences on the day after it is registered.

3Authority

This regulation is made under the Corporations Act 2001.

4Schedule(s)

Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.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

Corporations Regulations 2001

1  After Part 7.5

Insert:

Part 7.5A—Regulation of derivative transactions and derivative trade repositories

Division 2—Regulation of derivative transactions: derivative transaction rules

Subdivision 2.1—Power to make derivative transaction rules

7.5A.30  Meaning of reporting requirements

(1) This regulation is made for paragraph 901A(6)(b) of the Act.

            (2)  Each facility in the following list is prescribed if the facility is registered to operate as a derivative trade repository under a law of a foreign jurisdiction:

                    (a)  DTCC Data Repository (U.S.) LLC;

                    (b)  DTCC Derivatives Repository Ltd.;

                    (c)  DTCC Data Repository (Japan) KK;

                    (d)  DTCC Data Repository (Singapore) Pte Ltd;

                    (e)  Chicago Mercantile Exchange Inc.;

                     (f)  INFX SDR, Inc.;

                    (g)  ICE Trade Vault, LLC;

                    (h)  the Monetary Authority appointed under section 5A of the Exchange Fund Ordinance of Hong Kong.

            (3)  Subregulation (2) ceases to have effect at the end of 30 June 2014.