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Singapore: When submitting a report for a previously reported derivatives contract, are reporting entities required to submit information that was not previously captured or reported?
When submitting a report for a previously reported derivatives contract following the commencement of the revised SF(RDC)R, are reporting entities required to submit information that was not previously captured or reported?
When submitting a report for a previously reported derivatives contract (e.g. for re reporting, for an amendment or termination), reporting entities are exempted from providing new information if it fulfills each of the following criteria:
(i) the reporting entity was not required to report the information under the old regulations (i.e. regulations under the SF(RDC)R prior to 21 Oct 2024); and
(ii) the reporting entity had not recorded the information at the time of execution of the derivatives contract.