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ARTICLE · 15 FEBRUARY 2025

Need to update your Pre-MAS Rewrite Trades?

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Re-reporting or uplifting of impacted trades need to be done by 21 April 2025.

AustraliaFinance and Banking
Sophie Gerber
Sophie Gerber
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Time is running out for MAS regulated firms

Under the new MAS Rules for trade reporting, which began on 21 October 2024, there is a 6 month transition period provided to reporting entities. Outstanding contracts that were previously reported before 21 October 2024 and maturing on or after 21 April 2025, need to be re-reported or in other words, 'uplifted'. This means they need to be updated to include the new requirements. These changes include LEIs, UTIs, UPIs and other additional data fields.

Re-reporting or uplifting of impacted trades need to be done by 21 April 2025. We provide more detail and examples on how to deal with impacted trades below.

What the action type would be used for re-reporting?

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