Securities and Futures (Reporting of Derivatives Contracts) (Amendment) Regulations 2015

No. S 617

Securities and Futures Act

(CHAPTER 289)

Securities and Futures (Reporting of
Derivatives Contracts) (Amendment)
Regulations 2015

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 may be cited as the Securities and Futures (Reporting of Derivatives Contracts) (Amendment) Regulations 2015 and come into operation on 1 November 2015.

Amendment of regulation 6

2. Regulation 6 of the Securities and Futures (Reporting of Derivatives Contracts) Regulations 2013 (G.N. No. S 668/2013) (referred to in these Regulations as the principal Regulations) is amended by deleting paragraph (4A) and substituting the following paragraph:

“(4A) The excluded contracts referred to in paragraph (4)(a) are —

(a)	in a case where the last day of the quarter in question is on or after 1 August 2015 but before 1 November 2015, foreign exchange derivatives contracts traded in or booked in Singapore; and
(b)	in any other case, interest rate derivatives contracts traded in Singapore, credit derivatives contracts traded in Singapore and foreign exchange derivatives contracts traded in or booked in Singapore.”.

Amendment of regulation 7

3. Regulation 7 of the principal Regulations is amended by deleting the words “item 1, 2, 3 or 4” in paragraphs (2)(a) and (3)(a) and substituting in each case the words “item 1 or 2”.

Amendment of regulation 11

4. Regulation 11 of the principal Regulations is amended —

(a)	by deleting the words “1st November 2015” in paragraphs (1) and (2) and substituting in each case the words “1 July 2017”; and
(b)	by deleting the words “31st December 2015” in paragraph (3) and substituting the words “1 January 2018”.

Amendment of Second Schedule

5. The Second Schedule to the principal Regulations is amended —

(a)	by deleting the words “1 February 2016 for information referred to in Parts I, IA and II of the First Schedule” in the third and fourth columns of item 3 and substituting in each case the words “Not applicable”; and
(b)	by deleting the words “1 February 2016 for information referred to in Parts I, IA and III of the First Schedule” in the third and fourth columns of item 4 and substituting in each case the words “Not applicable”.

[G.N. Nos. S 224/2014; S 727/2014]

Made on 28 October 2015.

RAVI MENON

Managing Director,
Monetary Authority of Singapore.

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

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