Broadridge Financial Solutions (NYSE: BR) announced today (Monday) its readiness to support new over-the-counter (OTC) derivatives reporting requirements in Singapore and Australia, while also preparing for upcoming regulatory changes in Canada and Hong Kong.

Broadridge Expands Global OTC Derivatives Reporting Capabilities

The global fintech said its reporting solution is now equipped to meet the Monetary Authority of Singapore (MAS) and Australian Securities and Investments Commission (ASIC) requirements, which take effect from Monday. The company is also gearing up for similar regulatory updates in Canada and Hong Kong, scheduled for July and September 2025, respectively.

“We're staying ahead of the regulatory curve to ensure our clients can meet their compliance obligations,” said Ben Cooling, General Manager of Regulatory Trade and Transaction Reporting at Broadridge. “These updates are part of a broader global initiative to enhance consistency and transparency in derivatives reporting.”

Broadridge's expanded offering comes on the heels of its successful implementation of the European Money Market Statistical Reporting (MMSR) upgrade in July 2024. The company is now developing a U.S. equivalent of the Securities Financing Transactions Regulation (SFTR) for securities lending, set to launch in January 2026.

Additionally, Broadridge plans to upgrade its solution to accommodate major updates to the EU and UK Markets in Financial Instruments Directive (MiFID) regulations between 2025 and 2027, as well as final updates to the U.S. Commodity Futures Trading Commission (CFTC) Dodd-Frank reporting requirements.

The company's solution is designed to simplify complex trading requirements and enable firms to comply with varying local rules. It incorporates Global Unique Transaction Identifiers (UTIs), Unique Product Identifiers (UPIs), and Critical Data Elements, aligning with global regulatory standards.

Recent Updates: Broadridge

Broadridge Financial Solutions has recently introduced several innovative services and partnerships in the fintech sector. The company launched an instant payment service designed to enhance real-time money transfers, promising high resiliency and continuous 24/7/365 operations. According to Broadridge, this new service can process payments within 10 seconds, utilizing Swift Alliance Gateway Instant integrated with SwiftNet Instant for instant payments.

In a separate development, Broadridge has unveiled a suite of operational resilience services tailored for international post-trade processing. Announced on October 15, these solutions aim to assist financial firms in preparing for the upcoming compliance deadline of the European Union's Digital Operational Resilience Act (DORA), which is set to take effect in January 2025.

Earlier in the month, Americas Executions (AmerX) implemented Broadridge's Securities Finance and Collateral Management (SFCM) platform to support its newly launched securities lending business. The SFCM platform is designed to streamline AmerX's securities lending operations, offering comprehensive tools for collateral management, trade lifecycle management, and risk assessment.

Broadridge Financial Solutions processes over $10 trillion in securities trades daily and generates more than 7 billion communications annually for its clients in the financial services industry.