Singapore legislation
Regulation 13
of Securities and Futures (Financial Benchmarks) Regulations 2018
Regulation 13
Obligation to submit periodic reports
Subregulation 1
For the purposes of section 123S of the Act, an authorised benchmark administrator or exempt benchmark administrator (each called in this paragraph the administrator) must submit to the Authority —
within 3 months after the end of each financial year of the administrator —
if the administrator is a company — a copy of its financial statements, auditor’s report and statement of directors mentioned in section 201(16) of the Companies Act 1967;
if the administrator is a company that is exempt from audit requirements (within the meaning given by section 4(1) of the Companies Act 1967) — a copy of its audited financial statements and auditor’s report; or
if the administrator is a foreign company — a copy of its financial statements lodged with the Registrar of Companies under section 373 of the Companies Act 1967;
within 45 days after the end of each of the first 3 quarters of each financial year of the administrator —
a copy of its profit and loss accounts for the preceding quarter; and
a copy of its balance‑sheet for the preceding quarter; and
within 3 months after the end of each financial year of the administrator, a report on how the administrator has discharged its responsibilities under the Act during that financial year.
Subregulation 2
For the purposes of section 123S of the Act, an authorised benchmark administrator or exempt benchmark administrator (each called in this paragraph the administrator) must submit to the Authority, within 3 months after the end of each financial year of the administrator, a report that sets out —
findings on any non‑compliance by the administrator with its policies and procedures relating to its business of administering a designated benchmark or, if there is no such finding, that fact;
findings on any non‑compliance by the administrator with any provision of Part 6AA of the Act or, if there is no such finding, that fact;
findings on any non‑compliance by the administrator with any direction issued by the Authority under Part 6AA of the Act or, if there is no such finding, that fact; and
findings and recommendations on the internal controls of the administrator or, if there is no such finding or recommendation, that fact.