Singapore legislation
Regulation 10E
of Securities and Futures (Reporting of Derivatives Contracts) Regulations 2013
Regulation 10E
Exemptions in relation to specified derivatives contracts entered into, etc., before 21 October 2024 where specified person had no reporting obligations under old Regulations
Subregulation 1
Paragraph (2) applies to a person who satisfies all of the following conditions:
the person is, on 21 October 2024, a specified person;
the person is either —
a party to a specified derivatives contract that is entered into before that date; or
a person who executed or caused to be executed, before that date, a specified derivatives contract as an agent of a party to that derivatives contract.
Subregulation 2
The person is exempt from reporting under section 125(1) and (2) of the Act —
an item of information in Part 1 of the First Schedule concerning that derivatives contract; or
an amendment, modification, variation or change to that item of information,if the conditions in paragraph (3) are satisfied.
Subregulation 3
The conditions are —
the person was not required, under the old Regulations, to report that item of information (whether under the same or different data fields as those set out in Part 1 of the First Schedule); and
the person had not, at or about the time the derivatives contract was executed, recorded that item of information in any manner.