Singaporean Trade Reporting Requirements (MAS)

SingaporeThe Monetary Authority of Singapore (MAS) requires parties to a Specified Derivatives Contract (SDC) to report to a licensed trade repository or licensed foreign trade repository.

What needs to be reported?

The MAS requires the following to be reported:

  •  – interest rate derivative contracts
  •  – credit derivatives contracts
  •  – foreign exchange contracts (with some exemptions)

which is traded or booked in Singapore.

Currently, there is no requirement for CFD derivatives to be reported.

 

Information to be reported

Entities will be required to report date on transaction, counterparty and specific assets, including:

  •  – parties to the contract
  •  – contract type
  •  – maturity
  •  – notional value
  •  – price
  •  – settlement date

Who is required to report?

The following entities are required to report in accordance with the MAS regulations:

  •  – banks in Singapore licensed under the Banking Act (Cap. 19)
  •  – subsidiaries of banks incorporated in Singapore
  •  – merchant banks approved as a financial institute
  •  – licensed finance companies
  •  – licensed insurers
  •  – approved trustees
  •  – capital markets services licence holders
  •  – significant derivatives holders

Find out more about how TRAction Fintech can assist you here.

To speak with one of our staff on how the MAS reporting requirements affect you and how you can benefit from delegated reporting services, please contact us.

Extra-territorial obligations: Additional regimes which may apply to you

Shekel Reporting

Brokers that deal in the Israeli Shekel derivative have reporting obligations to the Bank of Israel. All non-Israeli firms who hold a position above the threshold (USD15m in aggregate gross notional) are required to report all OTC Derivatives on Shekel FX and rates.

For Further information on your Shekel reporting obligations, visit our Israeli Shekel page.


Australia Trade Reporting - ASIC

Australian entities dealing in OTC Derivatives are required to report transactions to the Australian Securities and Investments Commission. ASIC’s Derivative Transaction Rules provide a framework for the regulation of OTC derivatives reporting, clearing and trade execution.
Read More


Hong Kong Trade Reporting - HKMA

The Hong Kong Monetary Authority (HKMA) requires specified OTC derivative transactions to be reported to HKTR. HKMA reporting obligations in relation to retail OTC Derivatives will come into effect from 1 July 2017. Read More


UK & Europe Trade Reporting - EMIR / MiFID II

The UK and Europe have three different reporting requirements in the financial markets to be reported to a licensed trade repository. Read More