Identifying Reporting Obligations
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      Singapore: When does a person cease to be an SDH?

      A person ceases to be an SDH if –  

      1. he becomes licensed by MAS (i.e. meets one of paragraphs (a) to (g) of the  definition of “specified person” in section 124 of the SFA); 
      2. he ceases to be a resident in Singapore; or 
      3. his aggregate gross notional amount of specified derivatives contracts which  are booked in or traded in Singapore for the year does not exceed $8 billion. 

      Reference: 

      • Regulation 6(3) of the SF(RDC)R