The Central Counterparties (Equivalence) (Singapore) (Monetary Authority of Singapore) Regulations 2023

The Central Counterparties (Equivalence) (Singapore) (Monetary Authority of Singapore) Regulations 2023 (SI 2023/1198) as regards an equivalence determination for certain Singapore central counterparties were published on legislation.gov.uk, the official platform of the UK government for publicizing legal texts.
In the regulations, the HM Treasury recognizes that the rules and regulations put in place by the Monetary Authority of Singapore (MAS) for the supervision of Singaporean certain central counterparties are considered to be equivalent to those of the UK and that such CCPs must comply with a similar set of requirements in Singapore as UK CCPs must in UK under Title IV of Retained Regulation (EU) 648/2012, the Retained European Market Infrastructure Regulation (UK EMIR).
The equivalence determination applies to any Singapore CCP that is authorized by MAS as an approved clearing house. Please note that it does NOT apply to CCPs which are authorized as recognized clearing houses in Singapore.