ASIC Short Position Reporting
The new compliance solution for short sellers of Australian Equities
The Australian Security and Investment Commission, ASIC has introduced a requirement to report all Australian equity short positions on a daily basis. This reporting must be done for all short positions greater than the lower of AUD$100,000 or 0.01% of issued share capital. The reporting must be done daily to ASIC's in FIX.
Further specification can be found on the ASIC website on the following topics:
The regulation came into force on the 1st of June 2010 and all short sellers have to start reporting their positions from the 21st of June 2010 on.
If you are affected by the new regulation and are looking at ways to remain compliant - Thomson Reuters has the right solution for you.
With ASIC Short Position Reporting, you can:
Our Short Position Reporting Solution uses FIX to report your short position to ASIC without storing any of your data. The solution will provide you with confirmation from ASIC on any reporting incident, giving you reassurance that your report has been received.
Information can be processed through:
- Manually through a Web browser based front end
- Automatically through a Web Service API
Additional API's will be introduced based on client demand and may include an FTP and CSV based interface.
The service supports two models, directly by you or by an intermediary such as a prime broker.
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What to do next?
Thomson Reuters has the right solution for you to comply with the new regulation. Contact one of our specialists on futureforum@thomsonreuters.com to hear more about your solution.
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