The Monetary Authority of Singapore (MAS) published proposed updates to the Securities & Futures (Reporting of Derivatives Contracts) Regulations in January 2016. MAS is now looking to implement the required reporting of commodity and equity derivatives contracts to complete the implementation of Trade Reporting regulations in Singapore. MAS is looking to implement the reporting of all forwards, swaps and options that are related to commodities or commodity indices but will exclude certain types of commodity contracts for the reporting requirements which are entered into for commercial purposes. The expected go live date of 1 November 2016 is yet to be confirmed.
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Sophie has worked with some of Australia’s largest financial services organisations in compliance, legal and operational roles. She has also worked with small businesses to provide tailored solutions with a strong understanding of business practicalities as well as obligations to regulators. This strong understanding allows Sophie to effectively engage with not only large financial organisations but also with small businesses. Sophie has an in depth knowledge of compliance and legal obligations for financial services businesses having vast experience in the financial services sector. Sophie continually works with a range of companies in the financial services industry, including OTC derivatives brokers.