Foreign entities caught under Australian trade reporting proposals
![australia.jpg](https://assets.euromoneydigital.com/dims4/default/15d380a/2147483647/strip/true/crop/175x125+0+0/resize/840x600!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Faa%2Fb2%2F937f3d028f2dfce1edba8df064b1%2Faustralia.jpg)
Some foreign subsidiaries of Australian deposit-taking institutions and financial services licensees will be required to report OTC derivatives transactions when Australia’s trade reporting goes live, according to an update from the Australian Securities and Investments Commission.
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