MAS has announced their compliance go-live date for MAS Equities, Commodities and the additional Location Fields. This has been set for Monday, 1st Oct 2018.

Currently, we are continuing to target for the MAS and ASIC (Singapore Data Center) re-architecture (including MAS EQ/CO and Location Fields) to take place in July 2018 (final date TBC) which is ahead of the MAS compliance date of 1 Oct 2018.

 

Milestone Implementation Date Compliance Date
MAS/ ASIC ReArchitecture July 2018 Oct 2018 MAS (EQ/CO and other location fields)

 

Webinar

Understanding the impact of the GTR Re-Architecture Program on APAC Clients

This is a recording of a live webinar hosted by Priya Kundamal, Head of Product for APAC, Deriv/Serv, DTCC.

 

 

Implementation Schedule

For your reference:

The revised implementation schedule from MAS (for the next 3 years) will be as follows:

Commencement Date Reporting phase
1 Oct 2018 Reporting of Booking Location and Trader Desk Location data fields by all Specified Persons
1 Oct 2018

Reporting of Equity Derivatives Contracts booked in Singapore and/or traded in Singapore by banks and merchant banks.

Reporting of Commodity Derivatives Contracts booked in Singapore and/or traded in Singapore by banks and merchant banks.

1 Oct 2019

Reporting of Interest Rate Derivatives Contracts traded in Singapore by:

  • all finance companies;
  • subsidiaries of banks incorporated in Singapore, insurers and holders of CMS licenses, with annual aggregate gross notional amount of specified derivatives contracts of more than S$5 billion; and
  • all significant derivatives holders

Reporting of Credit Derivatives Contracts traded in Singapore by:

  • all finance companies;
  • subsidiaries of banks incorporated in Singapore, insurers and holders of CMS licenses, with annual aggregate gross notional amount of specified derivatives contracts of more than S$5 billion; and
  • all significant derivatives holders
1 Oct 2020

Reporting of Equity Derivatives Contracts booked in Singapore and/or traded in Singapore by:

  • all finance companies;
  • subsidiaries of banks incorporated in Singapore, insurers and holders of CMS licenses, with annual aggregate gross notional amount of specified derivatives contracts of more than S$5 billion; and
  • all significant derivatives holders.

Reporting of Commodity Derivatives Contracts booked in Singapore and/or traded in Singapore by:

  • all finance companies;
  • subsidiaries of banks incorporated in Singapore, insurers and holders of CMS licenses, with annual aggregate gross notional amounts of specified derivatives contracts of more than S$5 billion; and
  • all significant derivatives holders.

Reporting of Foreign Exchange Derivatives Contracts booked in Singapore and/or traded in Singapore by:

  • all finance companies;
  • subsidiaries of banks incorporated in Singapore, insurers and holders of CMS licenses, with annual aggregate gross notional amount of specified derivatives contracts of more than S$5 billion; and
  • all significant derivatives holders.

 

MAS first issued the Consultation Paper on Proposed Amendments to the Securities & Futures (Reporting of Derivatives Contracts) Regulationsin January 2016, setting out the proposed reporting phases and the respective implementation timeframes.

MAS will be issuing the amendments to the SF(RDC)R, and the responses to the feedback received from the Consultation Paper, by 4Q 2017, so as to facilitate planning and meeting the new commencement dates in a timely manner.