MAS sets quarterly past-due reporting deadline for SCF operators
Licensed SCF operators must file the SCF Questionnaire within 14 days of each quarter-end, reporting issuances 30 days past due, first due 14 October 2026
Change
On 14 July 2026, the Monetary Authority of Singapore (MAS) amended Circular CMI 27/2018 to require licensed securities-based crowdfunding (SCF) operators to submit the SCF Questionnaire within 14 days of each quarter-end — reporting debt or interest-bearing issuances that became 30 days past due (Annex A1) and updates to prior reports (Annex A2) — with the Q3 2026 return due 14 October 2026.
Why it matters
The amendment fixes a recurring quarterly filing obligation on every licensed SCF operator: within 14 days of each quarter's end, operators must report issuances that fell 30 days past due during the period via Annex A1 and update previously reported issuances via Annex A2, submitted through the specified gov.sg form. Operators without a quarterly past-due tracking and submission process must build one to meet the first 14 October 2026 deadline; the circular's other control and disclosure measures are unchanged from their 5 March 2021 revision.
Implications
- — Compliance and operations teams at licensed SCF operators must establish a quarterly process to identify debt or interest-bearing issuances that became 30 days past due during each quarter and submit the SCF Questionnaire (Annex A1, with Annex A2 updates) within 14 days of quarter-end — the first return is due 14 October 2026 for Q3 2026, and missing the window is a reporting breach.
- — Licensed SCF operators must map their loan-book and issuance data to the Annex A1/A2 fields and the gov.sg submission form ahead of the deadline, because the 14-day post-quarter window leaves no time to build the past-due data extract after the period closes.
Who is affected
- — Compliance and operations teams at licensed SCF operators
- — Licensed SCF operators' regulatory-reporting functions
What to watch
- — 14 October 2026 — first quarterly SCF Questionnaire (Q3 2026) due under the amended paragraph 7.