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 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
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