Some months ago, we have been approached by a global mining company, which will have, beside other reporting requirements, the obligation to report their derivative activity in Singapore under the MAS Regulation, as of October 1st, 2021.
In only a few weeks’ time, we have developed and implemented a MAS reporting conX-module to support this client. Yesterday they have successfully accomplished to report their first full trade lifecycle under this new regulation and are ready to start their reporting in two weeks’ time.
Our MAS reporting module is the first step in our “Go-Global Initiative” and the first regulation we cover outside the EU & UK. But it is only the beginning. We plan to deliver our Dodd-Frank Solution (CFTC & SEC) until the end of this year, and we will extend this by implementing HKMA & ASIC in the APAC region and a Canadian derivative reporting module over the next one and a half years.
If you are looking for a strong supplier that can cover your global reporting requirements through one single state-of-the-art reporting platform, including multiple added value functionalities, like advanced exception, data and reconciliation management, UTI generation & sharing, automated delegation reporting (even if both counterparties are required to report under different regimes), LEI Repository, etc, do not hesitate to contact us.
We would be delighted to show you our platform in a live demo and to discuss with you how we can support you in fulfilling your various reporting requirements in a time and cost-efficient way.