Buy-side cost concerns prompt MAS trade reporting exemption

Smalls firms baulk at paying up to $18,000 to register a few trades

monetary-authority-singapore
Headquarters of the Monetary Authority of Singapore

Small asset managers, worried about the cost of meeting mandatory reporting requirements, were granted a reprieve by the Monetary Authority of Singapore (MAS) for the second phase of derivatives reporting, which commenced on July 1.

A last-minute lobbying effort appears to have pressured the Singapore regulator into making concessions to fund managers and real-estate investment trusts (Reits) from the obligation to report their rates and credit derivatives trades to the licensed trade repository

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