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      Singapore: When will a trader be considered a Singapore Trader for the purposes of the definition of “traded in Singapore”?

      If a reporting entity is unable to clearly identify whether the trader is not employed in  Singapore, the reporting entity should report derivatives contracts which are entered into  by the trader from the 31st day, if the trader is in Singapore for more than 30 days.  

      In the case where a trader is seconded to the reporting entity, if it is clear that his place  of employment is in Singapore during that secondment period, all derivatives contracts  entered into by the trader during his secondment in Singapore needs to be reported.  Otherwise, the reporting entity should report derivatives contracts entered into by the  trader from the 31st day onwards if the trader is in Singapore for more than 30 days. 

      In the case where a trader is seconded out of Singapore, derivatives contracts entered  into by the trader would not be deemed as “traded in Singapore”.  

      Reference:  

      • Regulation 2 of the SF(RDC)R