Broadridge Financial Solutions has confirmed its preparedness to support new OTC derivatives reporting requirements by the Monetary Authority of Singapore (MAS) and the Australian Securities and Investments Commission (ASIC) expected to go live on 21 October.
Broadridge added that it is also expanding its offerings to include other updated regulatory regimes and asset classes, including the Canadian rewrite scheduled for July 2025 and the Hong Kong rewrite slated for September 2025.
“We anticipate that the regulatory wave will continue, and we are proactively working on behalf of our clients to help them meet their compliance requirements,” said Ben Cooling, general manager, regulatory trade and transaction reporting at Broadridge.
“The upcoming Canadian and Hong Kong rewrites are part of a global initiative aimed at enhancing the consistency and transparency of derivatives reporting, reflecting similar updates by regulators in the United States, Japan, and Europe.”
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Following the addition of the European Money Market Statistical Reporting (MMSR), Broadridge is developing the US equivalent of SFTR for securities lending, the SEC 10c-1, scheduled to go live in January 2026.
The firm’s solution will also be upgraded to cater for major EU and UK Mifid updates scheduled to be implemented over 2025 to 2027, as well as the final updates to CFTC Dodd Frank Reporting.
Broadridge’s solution claims to simplify complex trading requirements, allowing firms to comply with a wide range of local rules, alongside being fully equipped to handle these changes, including the integration of Global Unique Transaction Identifiers (UTIs), Unique Product Identifiers (UPIs), and Critical Data Elements.