What is MAS Reporting?
MAS rolled out the Singapore reporting in stages based on the asset class involved, whether the contract was booked in, or traded in Singapore, and the size/type of firm involved.
- April 2014 – Reporting began for credit and interest rate OTC derivative contracts with banks and merchant banks licensed in Singapore being the first firm types obligated to report
- July 2014 – Credit and interest rate reporting was quickly extended to other firms including bank subsidiaries, insurers, finance companies
- May 2015 – Reporting of FX derivatives commenced for banks and merchant banks
- October 2018 – The obligation to report equity and commodity derivatives began
- October 2021 – Reporting of FX, equity and commodities went live for other firm types (bank subsidiaries, insurers, finance companies etc) following a year’s delay due to the Covid-19 pandemic.
All reporting is via DTCC’s Singapore GTR.
Following consultation, MAS is implementing its own rewrite of the reporting rules due to commence in October 2024, aligning with the commencement date of the ASIC Rewrite.