Regulatory Reporting | MAS Transaction Reporting

What is MAS Reporting?

The Monetary Authority of Singapore (MAS) transaction reporting regime requires certain firms to report details of their over-the-counter (OTC) derivative transactions to a designated trade repository regulated by MAS.

Contact Qomply

Former FCA regulator, Sophia Fulugunya, discusses the MAS reporting regime.

About MAS Transaction Reporting

The MAS transaction reporting regime was first implemented in 2014. In October 2021 its scope was expanded to include equity, foreign exchange and commodity derivatives.

The regime was the subject of a Rewrite, which went live on 21 October 2024. The aim of the Rewrite was to align the MAS regime with global standards.

MAS transaction reporting plays a pivotal role in ensuring transparency and stability in Singapore's over-the-counter (OTC) derivatives market. This framework requires certain financial institutions to report detailed information about their OTC derivative transactions to a designated trade repository.

Institutions that are required to report, as well as their counterparties, must report their OTC interest rate, credit, foreign exchange, commodity, and equity derivative transactions to MAS (exchange-traded derivatives are excluded from this mandate) within two business days following the trade execution (T+2).

MAS Rewrite

The MAS Rewrite went live on 21 October 2024 and implemented changes that sought to align Singapore’s reporting standards with global practices. This included adopting the ISO 20022 XML message format, reducing reporting fields from 162 to 136 and introducing new requirements, such as reporting the Unique Transaction Identifier (UTI) and Unique Product Identifier (UPI), etc. It did not, however, introduce the requirement to report on T+1.

FAQ: CSA Transaction Reporting / CSA Rewrite

The Singaporean transaction reporting regime that requires certain firms to report details of their over-the-counter (OTC) derivative transactions to a designated trade repository on T+2.
The regime affects a diverse group of financial institutions in Singapore. This includes banks, merchant banks, finance companies, insurers, any entity holding a Singaporean capital markets services licence, and any Significant Derivatives Holder. The definition of each is set out in a number of different Singaporean statutes, including the Banking Act 1970 and the Monetary Authority of Singapore Act 1970, as well as the Securities and Futures (Reporting of Derivatives Contracts) Regulations 2013.
This regime requires the reporting of interest rate, credit, foreign exchange, commodity, and equity OTC derivative contracts that are traded or booked in Singapore. Exchange-traded derivatives contracts, which also includes futures and block futures contracts are not within scope. As such, they do not need to be reported.
The reporting obligation is double-sided – i.e. if either counterparty has a reporting obligation, both parties must report the transaction to MAS.
There were a number of key changes that aligned MAS transaction reporting more closely with other regimes. This included the adoption of ISO 20022 XML message format and a decrease in reportable fields from 162 to 136. There was also the introduction of the Unique Transaction Identifier (UTI) and Unique Product Identifier (UPI) fields, as well as new Action Type and Event Type fields.

Rely On Qomply To Help

Qomply has a variety of solutions to help firms comply with their regulatory MAS reporting requirements as mandated under MAS Rewrite:

QomplyEngine generates MAS transaction reports

QomplyEngine - Generate Transaction Reports From Raw Data


Builds transaction reports from raw data points and save resources and hassle by offloading transaction report generation
Quality Assurance for Transaction Reports

MAS Diagnostic Auditor - Ensure Reports Are Accurate


Apply 100+ accuracy, scenario-level and best practice checks across your MAS Transparency Reports in a click and comply with MiFID II requirements
Find UPIs for Financial Instruments

UPI Finder - Find the UPI related data for OTC derivative contracts


Combine with ISIN Quest, easily find the UPI and other associated data for your OTC derivative contracts.
Outsource your MAS Report Operations

Qomply Managed Services - Delegate Your Transaction Reporting Operations to Qomply


Qomply Managed Service alleviates the burden of technical expertise but also provides peace of mind that regulatory requirements are being met in a risk-free and cost-effective manner

Free MAS Resources

● UPI Finder - Retrieves the ISIN for a UPI
● ISIN Finder - Retrieves the UPI for an ISIN

External Resources

● Securities and Futures Act 2001 - Singapore Statuses Online
● Securities and Futures (Reporting of Derivatives Contracts) Regulation 2013 - Singapore Statuses Online
● Banking Act 1970 - Singapore Statuses Online
● Monetary Authority of Singapore Act 1970 - Singapore Statuses Online
● Finance Companies Act 1967 - Singapore Statuses Online
● Insurance Act 1966 - Singapore Statuses Online
● MAS: Regulations and Guidance
● OTC Derivatives Reporting Rewrites in APAC

More Reporting Regimes

● MiFID II Transaction Reporting 101
● MiFID II Post-Trade Reporting 101
● EMIR Refit Transaction Reporting 101
● CFTC Transaction Reporting 101
● CSA Transaction Reporting 101
● SFTR Transaction Reporting 101
● ASIC Transaction Reporting 101

Request a Demo

Let's Get In Touch!

Want to know more or just want to phone us up for a chat?

+44 (0)20 8242 4789

info@qomply.co.uk

Qomply

© Copyright 2025 Qomply

Qomply is the trading name of Qomply Limited and is a private limited company registered in England and Wales with registered number 12082474, VAT Number 357 7105 86 and registered address: 133-137 Fetter Lane, London, EC4A 1BF, UK.