The Monetary Authority of Singapore (MAS) has updated the list of frequently asked questions (FAQs) on the Securities and Futures (Reporting of Derivatives Contracts) Regulations 2013. The FAQs, which are relevant for over-the-counter counterparties, are intended to aid in the implementation of the reporting obligations and elaborate on MAS’ intent for certain requirements set out under the Securities and Futures (Reporting of Derivatives Contracts) Regulations. MAS has updated questions and answers related to significant derivatives holder, reporting of a derivatives contracts, reporting of a swap contracts, and calculation of aggregate gross notional amount. MAS also added new questions related to reporting obligations of a new significant derivatives holder and reporting requirements of an amended derivatives contract for the purpose of implementing the interest rate benchmark reforms.
Keywords: Asia Pacific, Singapore, Banking, Securities, FAQ, Securities and Futures Regulation, Interest Rate Benchmarks, Reporting, Derivatives, Swaps, Benchmark Reforms, MAS
Scott is a Director in the Regulatory and Accounting Solutions team responsible for providing accounting expertise across solutions, products, and services offered by Moody’s Analytics in the US. He has over 15 years of experience leading auditing, consulting and accounting policy initiatives for financial institutions.
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