CORPORATIONS REGULATIONS 2001 - REG 7.5A.71 Exemption--single - sided transaction and position reporting

CORPORATIONS REGULATIONS 2001 - REG 7.5A.71

  (1)   This regulation is made for paragraph   907E(2)(a) of the Act.

Exemptions

  (2)   A phase 3 reporting entity is exempt from a provision of the Derivative Transaction Rules (Reporting) requiring the entity, at a particular time, to report information about an OTC derivative transaction to which the entity is a party if, at that time:

  (a)   regulation   7.5A.73 applies to the entity in relation to the transaction; and

  (b)   the other party to the transaction is a reporting counterparty in relation to the phase 3 reporting entity and the information.

  (3)   A phase 3 reporting entity is exempt from a provision of the Derivative Transaction Rules (Reporting) requiring the entity, at a particular time, to report OTC derivative position information in relation to an OTC derivative position to which the entity is a party if, at that time:

  (a)   regulation   7.5A.73 applies to the entity in relation to the position; and

  (b)   the other party to the position is a reporting counterparty in relation to the phase 3 reporting entity and the information.

Effect of exemption on ASIC exemption instrument

  (4)   Subregulation (5) applies if a phase 3 reporting entity is exempt under this regulation from a provision of the Derivative Transaction Rules (Reporting) requiring the entity to report information about a particular OTC derivative transaction or OTC derivative position.

  (5)   The entity is also exempt from subsection   907D(3) of the Act in relation to a provision of the ASIC exemption instrument that imposes a requirement to report information about the transaction or position as a condition of an exemption under that instrument.