No. S 680
Securities and Futures Act
(CHAPTER 289)
Securities and Futures (Clearing of
Derivatives Contracts)
(Amendment) Regulations 2019
In exercise of the powers conferred by sections 129G 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 (Clearing of Derivatives Contracts) (Amendment) Regulations 2019 and come into operation on 11 October 2019.
Amendment of Schedule
2.  The Schedule to the Securities and Futures (Clearing of Derivatives Contracts) Regulations 2018 (G.N. No. S 264/2018) is amended —
(a)by deleting the definitions of “LIBOR” and “SOR” in paragraph 3; and
(b)by deleting Table 1 and substituting the following Table:
 
“TABLE 1
 
 
Fixed‑to‑floating interest rate swap contracts
 
 
First
column
Second
column
Third
column
Fourth
column
Fifth
column
Sixth
column
Seventh
column
 
 
Item
Settlement currency
Underlying thing
Tenor
Optionality
Constant notional amount
Date on which derivatives contract is entered into
 
 
1.
Singapore dollar
Singapore Dollar Swap Offer Rate
28 days to 10 years
No
Yes
On or after 1 October 2018
 
 
2.
United States dollar
United States dollar London Interbank Offered Rate
28 days to 10 years
No
Yes
On or after 1 October 2018
 
 
3.
Euro
Euro Interbank Offered Rate
28 days to 10 years
No
Yes
On or after 1 April 2020
 
 
4.
Pound sterling
Pound sterling London Interbank Offered Rate
28 days to 10 years
No
Yes
On or after 1 April 2020
 
 
 
 
 
 
 
 
 
”.
Made on 4 October 2019.
RAVI MENON
Managing Director,
Monetary Authority of Singapore.
[MPI/MCP 02/2019; AG/LEGIS/SL/289/2015/40 Vol. 1]
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