Corona related announcements continue: The Monetary Authority of Singapore (MAS) has announced a series of delays and changes due to the Corona virus. The announcement can be found here. These include item 13 which delays the start of the final phase of derivatives reporting from 1 October 2020 to 1 October 2021. Many commodities firms are due to start reporting as part of this phase.
The UK’s Prudential Regulatory Authority (PRA) and the Bank of England have welcomed a ministerial statement made a few weeks ago which extends the use of financial regulators’ temporary transitional power (TTP). This permits regimes such as the temporary permissions regime to operate for up to 15 months after the Brexit transitional period, i.e. to 31 March 2022. The announcement can be found here.