Singapore legislation
Regulation 11A
of Securities and Futures (Reporting of Derivatives Contracts) Regulations 2013
Regulation 11A
Cases where specified person is prohibited under laws or requirements of jurisdiction specified in Fifth Schedule from reporting counterparty information on specified derivatives contract
Subregulation 1
A specified person who —
is a party to a specified derivatives contract, or executes or causes to be executed a specified derivatives contract as an agent of a party to the specified derivatives contract; and
is completely prohibited by a requirement of the law of any jurisdiction specified in the Fifth Schedule or a requirement of any authority of any jurisdiction specified in the Fifth Schedule, from reporting any counterparty information set out in Part 1 of the First Schedule in respect of the specified derivatives contract,need not report the counterparty information at such time or times and in the form and manner specified in regulations 7 and 9, but must report the counterparty information in accordance with paragraph (2).
Subregulation 2
Subject to paragraph (3), the specified person to whom paragraph (1) applies must report the counterparty information set out in Part 1 of the First Schedule in respect of the specified derivatives contract not later than 1 July of the year immediately following the date on which the requirement of the law or of the authority mentioned in paragraph (1)(b) is revoked (called in this regulation the specified date).
Subregulation 3
A specified person need not comply with paragraph (2) if the specified derivatives contract ceases to be in force before the specified date.