The Australian Securities and Investments Commission has amended its derivative transaction reporting rules follow industry consultation and feedback on its consultation paper titled” TC Derivatives Reform: Proposed amendments to the ASIC Derivative Transaction Rules (Reporting) 2013.” ASIC has decided, after consultation with other financial regulators, not to proceed with the proposal to require larger foreign subsidiaries of Australian authorized deposit-taking institutions (ADIs) and Australian financial services license (AFS) license holders to report OTC derivative transactions.