Definition of “business trust

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A business trust is a business enterprise structured as a trust. A business trust (“BT”) is a business enterprise structured as a trust....

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    • MAS
    • Consultations

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    • Response VIEW DOCUMENT Response to Feedback: Review of Regulatory Requirements for Sub-funds of Investment-Linked Life Insurance Policies (57.2 KB) Consultation Paper VIEW DOCUMENT Review of Regulatory Requirements for Sub-funds of Investment-Linked Life Insurance Policies (396.7 KB) RESPONSE TO FEEDBACK RECEIVED CONSULTATION PAPER ON REVIEW OF REGULATORY REQUIREMENTS FOR SUB-FUNDS OF INVESTMENT- LINKED LIFE INSURANCE POLICIES [The changes contained in this document will only take effect
    • MAS
    • Parliamentary Replies

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    • Question No. 1 Order Paper No. 7 of 2009 Question No. 2 Order Paper No. 7 of 2009 For Oral Answer Date: For Parliament Sitting on 20 July 2009 Name and Constituency of Member of Parliament Q1: Mr Lim Biow Chuan, MP for Marine Parade GRC Q2: Ms Sylvia Lim, Non-Constituency Member of Parliament Questions Q1: Mr Lim Biow Chuan: To ask the Senior Minister (a) whether MAS could have done more to supervise the management of the financial institutions involved in the selling of the high risk structured
    • MAS
    • Speeches

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    • Mr Willie Cheng, Chairman of SID Mr John Lim, Immediate Past Chairman of SID Distinguished guests, ladies and gentlemen, good morning Thank you for inviting me to join you today for the launch of the 2014 results for Singapore under the ASEAN Corporate Governance Initiative. Rules on corporate governance have been considerably strengthened in most jurisdictions including Singapore over the past few years.  Good corporate governance practices are essential to preserving investor confidence in companies
    • MAS
    • Notices

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    • When to report suspicious activities and incidents of fraud. Requires licensed trust companies; and private trust companies exempt from licensing to lodge Form F1 with MAS within 5 working days after the discovery of any suspicious activities or incidents of fraud where such activities or incidents are material to the safety, soundness or reputation of the company. Amendment Notes There are no amendment notes for this notice. The expressions used in this Notice shall, except where expressly
    • PDPC

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    • PUBLIC CONSULTATION ISSUED BY THE PERSONAL DATA PROTECTION COMMISSION PROPOSED ADVISORY GUIDELINES ON KEY CONCEPTS IN THE PERSONAL DATA PROTECTION ACT 05 FEBRUARY 2013 -------- ADVISORY GUIDELINES ON KEY CONCEPTS IN THE PDPA PART I: INTRODUCTION AND OVERVIEW ............................................................. 6 1 2 Introduction ........................................................................................... 6 Overview of the PDPA .........................
    • MAS
    • Speeches

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    •  INSURANCE (AMENDMENT) BILL 2008 Mr Speaker Sir, on behalf of the Senior Minister, I beg to move that the Bill be now read a second time. OVERVIEW 2   The Bill seeks to incorporate into the Insurance Act (“IA”) a framework for nomination of beneficiaries in respect of insurance policy proceeds.  This framework will give policy owners clear, simple and economical means to decide on how the proceeds from their insurance policies should be disbursed. 3   The Bill also aims to clarify the insurable
    • MAS
    • Consultations

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    • Response VIEW DOCUMENT Response to Feedback: Insurance (Amendment) Bill 2007 on Nomination of Beneficiaries (33.8 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Insurance (Amendment) Bill 2007 on Nomination of Beneficiaries (84.2 KB) Introduction Effect of marriage and divorce on nominations Some respondents asked if nominations would be revoked by marriage or divorce. On 26 July 2007, MAS issued a consultation paper on the Insurance (Amendment) The consultation
    • MAS
    • Speeches

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    •  "Building on Our Reputation and Reaching for New Horizons" I. Introduction: A Central Bank of Excellence 1   I am happy to address the MAS Staff Seminar, especially as this is the first time I am speaking to all of you. In the few months I have been Chairman, I have met many of you and been briefed on the work of MAS. I am impressed by the professionalism, dedication and dynamism of our officers. We have a good team here at MAS. 2   MAS has played, and continues to play, a vital role in Singapore's
    • MAS
    • Speeches

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    • View video recording of the speech here . Mr Mark Gould, Acting President, Federal Reserve Bank of San Francisco, Ladies and gentlemen, friends and colleagues, good morning. And welcome to the Symposium on Asian Banking and Finance 2028. It was 13 years ago, in 2015, that the Federal Reserve Bank of San Francisco and the Monetary Authority of Singapore (MAS) began this collaborative journey of organising this Symposium. Let me, on behalf of MAS, thank Mark and his colleagues at the San Francisco
    • MAS
    • Notices

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    • Requirements and guidelines for licensed insurers on the appointment of director, chairman and key executive person. This notice applies to all licensed insurers. It sets out requirements and guidelines for insurers to: Seek MAS' approval for the appointment of any director, chairman or key executive person. Notify MAS of any additional directorship or key executive person role taken up by a key executive person. Notify MAS of outstanding engagements accepted by the appointed actuary or certifying