In the next chapter of MAS’ phased Reporting Regulations for over-the-counter (OTC) derivatives contracts set out in the Securities & Futures Act (SFA), finance companies, subsidiaries of banks in Singapore, insurers and CMS license holders with annual aggregate gross notional amount of specified derivatives contracts of more than S$5 billion, and significant derivatives holders must begin reporting their equity, commodity and foreign exchange derivatives contracts booked and/or traded in Singapore on 1 October 2021.
If you are in scope for the upcoming reporting obligations for OTC derivatives transactions, you can submit your applicable derivatives contracts either directly to DDRS or by delegated submission through a counterparty that uses DDRS’ trade reporting services. In either case, you must first onboard to DDRS. For delegated reporting, all parties to the delegation must complete all requisite documentation and be onboarded with DDRS.
For more information on the upcoming MAS Reporting on 1 October 2021, please email firstname.lastname@example.org or read more.