Taiwan’s Gretai Securities Market (GTSM) is seeking to set up an over-the-counter (OTC) trade repository for all asset classes and market participants starting in 2012, Risk.net reports. The move comes as large dealers are concerned about the development of new repositories in Asia that may place undue reporting burden on their derivatives businesses.

Banks, securities brokerages and life insurers are in talks with GTSM officials over the scope of trade information they should submit to the new trade repository. Taiwan’s financial regulator may soon pass an order requiring investors to report all the transactions done onshore in Taiwan, regardless of currencies, to GTSM.

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