Global Correspondence
GFMA Submits Comments to the MAS on Reporting of Derivatives Contracts
The Global Foreign Exchange Division (GFXD) of GFMA provides comments to the Monetary Authority of Singapore (MAS) on the Consultation Paper on Draft Regulations Pursuant to the Securities and Futures Act (SFA) for Reporting of Derivatives Contracts, P006-2013-June 2013. The GFXD is supportive of the approach outlined in the consultation paper and provide specific comments with respect to the requirements and the questions posed by the MAS. The GFXD particularly welcomes the MAS’s efforts to harmonise reporting requirements under the regime with those that will apply internationally.
