Singapore legislation
Regulation 11
of Securities and Futures (Trade Repositories) Regulations 2013
Regulation 11
Obligation to submit periodic reports
Subregulation 1
For the purposes of section 46M of the Act, a licensed trade repository shall submit to the Authority —
within 3 months after the end of the financial year of the licensed trade repository or such longer period as the Authority may permit, a copy each of —
the annual report and directors’ report of the licensed trade repository, prepared in accordance with the provisions of the Companies Act (Cap. 50); and
the auditors’ long form report of the licensed trade repository;
within 45 days after the end of each of the first 3 quarters of the financial year of the licensed trade repository or such longer period as the Authority may permit, a copy each, in such form as the Authority may approve, of —
the profit and loss accounts of the licensed trade repository for the preceding quarter; and
the balance-sheet of the licensed trade repository for the preceding quarter;
within 3 months after the end of the financial year of the licensed trade repository or such longer period as the Authority may permit, a report on how the licensed trade repository has discharged its responsibilities under the Act during that financial year;
(ca)a liquidity and solvency report for the preceding quarter —
within 30 days, or such longer period as the Authority may permit, after the end of each of the first 3 quarters of each financial year of the licensed trade repository; and
within 60 days, or such longer period as the Authority may permit, after the end of the last quarter of each financial year of the licensed trade repository;
(cb)within 30 days, or such longer period as the Authority may permit, after the start of each financial year of the licensed trade repository, a capital plan for that financial year;
when required by the Authority, a report relating to the business of the licensed trade repository; and
when required by the Authority, such other report as the Authority may require for the proper administration of the Act.
Subregulation 2
The auditors’ long form report referred to in paragraph (1)(a)(ii) shall include the findings and recommendations of the auditors, if any, on —
the internal controls of the licensed trade repository; and
any non-compliance by the licensed trade repository with —
any provision of the Act;
any direction issued by the Authority under the Act; or
any other relevant written law.
Subregulation 3
In this regulation —
Definition
“capital plan” means a report on the amount of liquid assets and eligible capital a licensed trade repository expects to maintain and use in a financial year, that contains the details specified in MAS Notice SFA 02/02A/03-N01;
Definition
“liquidity and solvency report” means a report on how a licensed trade repository has complied with the requirements specified in MAS Notice SFA 02/02A/03-N01 as to the minimum liquid assets and minimum eligible capital the licensed trade repository is required to hold, that contains the details specified in that Notice;
Definition
“MAS Notice SFA 02/02A/03-N01” means the notice commonly known as MAS Notice SFA 02/02A/03-N01 issued by the Authority under sections 45, 46ZK and 81R of the Act, as amended from time to time, and includes any notice that replaces it.