Regulatory Alerts2019-02-20
Added
Notice SFA 06AA-N02 Submission of Period Reports for Benchmark Submitters
The Monetary Authority of Singapore issued Notice SFA 06AA-N02 to mandate periodic reporting requirements for all authorised, exempt, and designated benchmark submitters under the Securities and Futures Act. The notice specifies that initial and triennial reports for SIBOR and other designated benchmarks must be prepared by external auditors, while interim reports may be conducted by either external or internal auditors. Submitters are required to submit these reports along with Appendix 1, which details findings on non-compliance and internal controls, effective from 8 October 2018.
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