Singapore legislation

Regulation 12

of Securities and Futures (Financial Benchmarks) Regulations 2018

Regulation 12

Obligation to maintain proper records

Subregulation 1

For the purposes of section 123R(1)(c) of the Act, the other matters that an authorised benchmark administrator or exempt benchmark administrator (each called in this paragraph the administrator) must maintain a record of are the following particulars of each representative of the administrator:

(a)

the name of that representative;

(b)

the identity card number or passport number of that representative;

(c)

the residential address of that representative;

(d)

the date on which that representative started administering each designated benchmark that the administrator carries on the business of administering;

(e)

the date (if any) on which that representative stopped administering each designated benchmark that the administrator carries on the business of administering.

Subregulation 2

For the purposes of section 123R(2) of the Act, the records mentioned in section 123R(1) of the Act must be kept for a period of 5 years.

Subregulation 3

An authorised benchmark administrator or exempt benchmark administrator must take all reasonable measures to maintain the integrity and security of both the transmission and the storage of every record that it is required to maintain under section 123R(1) of the Act.