TRAction provides a helpful summary of the updated documentation that MAS has released to aid in the implementation of the new reporting requirements for OTC derivatives which commence on 21 October 2024.
Are you reporting trades by New York (NY) time or following NY close of business? If so, it is important to check your trades/transactions are still reported at the correct time now that daylight saving time (DST) has started in the US (13 March 2022).
Public holidays and bank holidays can have a major impact on trade and transaction reporting requirements; especially if you are an entity operating under multiple regimes.
When there is a public holiday where the regulatory body (or regulated entity) is located, it is likely that the timing of report submissions will be extended commensurately.
We are now supporting clients reporting under the MAS regime with our end-to-end delegated reporting solution.
In the lead-up to the final phase of the MAS derivative reporting regulations, our team has found that some firms are unaware they are captured under the regime.
DTCC recently announced the termination of their vendor relationship with Refinitiv, operators of Avox Limited. Underpinning the termination of DTCC’s vendor relationship with Refinitiv is the significant reduction in the use of AVIDs as the global community shifts towards the adoption of an Legal Entity Identifier (LEI) only policy.
In the spirit of simplification, TRAction Fintech has produced a video to showcase our trade reporting solutions and how we can assist firms who have trade reporting obligations.