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    MAS Amends Regulation on Reporting of Derivatives Contracts

    February 25, 2020

    MAS amended the regulation that sets out reporting requirements for over-the-counter (OTC) counterparties for OTC derivatives. The amended regulation, which is titled "Securities and Futures (Reporting of Derivatives Contracts) (Amendment) Regulations 2020," became effective from February 25, 2020.

    The regulation applies to OTC counterparties, those dealing in capital markets products, product financing, those providing custodial services, corporate finance advisory, licensed fund management companies, REIT management, and approved CIS trustees. Item 1 of Part I of the First Schedule to the Securities and Futures (Reporting of Derivatives Contracts) Regulations 2013 has been amended:

    • by deleting the words “and is entered into before April 01, 2020” in the third column
    • by deleting the words “For an uncleared contract that is not electronically confirmed and is entered into on or after April 01, 2020, the specified person must report the Unique transaction identifier (UTI) to be agreed on with the counterparty to the contract.” in the third column.

     

    Effective Date: February 25, 2020

    Keywords: Asia Pacific, Banking, Insurance, Securities, Reporting, Singapore, OTC Derivatives, Securities and Futures Regulation, MAS

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