MAS Reporting

The Monetary Authority Singapore (MAS) implemented the ‘Securities And Futures (Reporting of Derivatives Contracts) Regulations 2013’, as part of Singapore’s response to the G20 agreement to mandate reporting of all OTC derivatives. A rewrite of the rules is due to go live in October 2024.

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. 

How we can help

Our ReportShield™ quality assurance services give you the ability to demonstrate appropriate controls over your reporting obligations for MAS across all five asset classes. We can also conduct cross-regulation testing to ensure consistency with other regimes and provide remediation of reports.

Accuracy Testing

The testing gold standard, providing the maximum level of protection against regulatory challenge. Learn more

Advanced Regulatory Reconciliation

Our end-to-end reconciliation service tests for the completeness of regulatory reporting. Learn more

Control Framework

Together with data quality, a robust control framework is a key expectation of regulators. Learn more

What MAS Reporting challenges are you facing?

For a conversation with one of our regulatory specialists, please get in touch.

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