Regulatory Alerts2019-02-20
Added
Notice on Submission of Periodic Reports for Benchmark Administrators
The Monetary Authority of Singapore issued Notice SFA 06AA-N01 to require authorized and exempt benchmark administrators to submit periodic reports under the Securities and Futures Act. The notice mandates that these reports be prepared by external auditors and submitted alongside Appendix 1, which details findings on non-compliance with policies, statutory provisions, or Authority directions, as well as internal control assessments. This regulatory requirement took effect on 8 October 2018 to ensure ongoing oversight of designated benchmark administration.
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