Securities and Futures (Reporting of Derivatives Contracts) (Amendment No. 2) Regulations 2017

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Published in Subsidiary Legislation Supplement
on 28 Jun 2017

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No. S 331

Securities and Futures Act

(CHAPTER 289)

Securities and Futures (Reporting of
Derivatives Contracts) (Amendment No. 2)
Regulations 2017

In exercise of the powers conferred by sections 129, 129A, 337(1) and 341 of the Securities and Futures Act, the Monetary Authority of Singapore makes the following Regulations:

Citation and commencement

1. These Regulations are the Securities and Futures (Reporting of Derivatives Contracts) (Amendment No. 2) Regulations 2017 and come into operation on 30 June 2017.

Amendment of regulation 11

2. Regulation 11 of the Securities and Futures (Reporting of Derivatives Contracts) Regulations 2013 (G.N. No. S 668/2013) is amended —

(a)

by deleting the words “need not report, before 1 July 2017, under section 125 of the Act, in respect of the specified derivatives contract, any counterparty information set out in the First Schedule” in paragraph (1) and substituting the words “that is entered into before 1 January 2019 need not comply with regulation 9 when reporting any counterparty information set out in the First Schedule in respect of the specified derivatives contract”;

(b)

by deleting the words “as an agent of a party to the specified derivatives contract need not report, before 1 July 2017, under section 125 of the Act, in respect of the specified derivatives contract, any counterparty information set out in the First Schedule” in paragraph (2) and substituting the words “before 1 January 2019 as an agent of a party to the specified derivatives contract need not comply with regulation 9 when reporting any counterparty information set out in the First Schedule in respect of the specified derivatives contract”; and

(c)

by deleting paragraph (3) and substituting the following paragraph:

“(3) Where paragraph (1) or (2) applies, the specified person must report the counterparty information set out in the First Schedule in respect of the specified derivatives contract mentioned in that paragraph on or before 1 July 2019.”.

[G.N. Nos. S 224/2014; S 727/2014; S 617/2015; S 41/2016; S 30/2017]

Made on 27 June 2017.

RAVI MENON

Managing Director,
Monetary Authority of Singapore.

[CMD/MCP02/2012; AG/LEGIS/SL/289/2015/7 Vol. 1]