MAS amended regulation for the mandatory centralized clearing of certain derivative contracts. The amended regulation, which is titled "Securities and Futures (Clearing of Derivatives Contracts) (Amendment) Regulations 2019," became effective from October 11, 2019. The Schedule to the Securities and Futures (Clearing of Derivatives Contracts) Regulations 2018 (G.N. No. S 264/2018) has been amended by deleting the definitions of “LIBOR” and “SOR” in paragraph 3 and by deleting and substituting Table 1 on the fixed-to-floating interest rate swap contracts.
Effective Date: October 11, 2019
Keywords: Asia Pacific, Singapore, Banking, Securities, Derivatives Contracts, Securities and Future Regulation, LIBOR, SOR, Interest Rate Swaps, MAS
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