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....
Showing 3926 Documents for "business trust"
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- MAS
- Speeches
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- In February 2007, CitySpring Infrastructure Trust, Asia’s first infrastructure business trust, was listed.
- In 2004, we introduced the Business Trust Act to provide infrastructure developers the opportunity to utilize a trust structure to realise full value for completed assets.
- However, a listed business trust or fund route may be an option for infrastructure developers and sponsors to monetise their developed assets and recycle the much needed capital back into new infrastructure development projects in Asia.
- MAS
- Exemptions
Last revised date:
- business if that trust business is in relation to a trust that is created or proposed to be created to hold or administer any collateral given to secure any -------- 2 liability in connection with the granting of any credit facility, advance or loan by (i) that person
- Sets out the groups of persons exempted from the requirement to hold a trust business licence and the regulatory requirements for these exempt persons. 01 Jun 2006 Trust Companies (Exemption) (Amendment) Regulations 2006 (8.05 KB) No.
- trust; or (iii) the provision of trust administration services which are procedural and non- discretionary, where the carrying out of such activity is in connection with any life insurance policy issued by the direct life insurer; and (k) any person engaging in trust
- MAS
- Consultations
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- Proposed enhancements to the requirements governing the protection of customers moneys and assets in areas such as safeguarding, identification and use of customers moneys and assets, and disclosures to customers. Response VIEW DOCUMENT Response to Feedback Received on Proposed Enhancement to Regulatory Requirements on Protection of Customer's Moneys and Assets (1.12 MB) Consultation Paper VIEW DOCUMENT Consultation Paper on Enhancements to Regulatory Requirements on Protection of Customer's Moneys
- MAS
- Notices
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- Ensuring that the specified person is competent and has the relevant qualifications to provide the trust business services. Making checks to determine if the specified person is fit and proper.
- For the purposes of this Notice Activity means the trust business that a Specified Person is permitted to carry out under an arrangement with Relevant Person under Regulations 4(1)(d) and 4(1)(e) of the Trust Companies (Exemption) Regulations 2005; Relevant Person means a
- business services; (c) make checks to determine if the Specified Person is a fit and proper person having regard to the following criteria whether (i) bankrupt in Singapore or elsewhere; th e Specified Person is an undischarged whether execution against in (ii)
- MAS
- Parliamentary Replies
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- Question 457 To ask the Deputy Prime Minister and Minister for Finance what has been the progress in (a) implementing the Economic Review Committee's proposals to promote the business of trust funds management in Singapore and (b) updating the relevant statutes governing trust and tax regulations in
- MAS
- Consultations
Last revised date:
- trusts (BTs) offered to retail investors to be registered under the Business Trusts Act (the BTA)3.
- (II) Notification requirements for business trusts and real estate investment trusts The current notification requirements imposed on substantial unitholders and directors of the trustee-manager of a business trust (BT) will similarly be streamlined and consolidated under the
- This is in line with MAS' previously articulated position2 where REITs have the option of either being regulated as a CIS under the CIS regime, or of structuring themselves as a Business Trust (BT) under the BT regime. 16 If REITs choose the option to be structured as BTs,
- MAS
- Media Releases
Last revised date:
- (i) Applying the Market Misconduct Provisions to Business Trusts (Part XII) - Business trusts are business enterprises structured as trusts. The governance framework for business trusts are set out in the Business Trusts Act 2004 (Act 30 of 2004).
- Trading of units of business trusts will be subject to the market misconduct provisions 6 of the SFA, similar to those for trading in securities of corporations.
- These amendments are similar to those in the SF(A) Bill which are outlined in paragraphs 4(g) and (h) above. *** 1 An earlier Bill to amend the Securities and Futures Act pursuant to the Business Trusts Bill 2004 was passed in Parliament on 1 September 2004.
- MAS
- Consultations
Last revised date:
- trust that is registered under the Business Trusts Act (Cap. 31A); any licensed trust company under the Trust Companies Act (Cap. 336); and any other person licensed, approved, registered or regulated by the Authority under any written law, but does not include any money-changer licensed
- trusts Unrated and non- investment debt securities Concentrated, leveraged synthetic REITs/CIS/ILP sub-funds or Can lose more investment amount than Written options Leveraged trading FX Contracts-for- differences grade Futures S$ Dual Currency AAA-rated corporate bonds
- Cap. 142); any insurance intermediary registered or regulated under the Insurance Act; any holder of a capital markets services licence under the Act; any trustee for a collective investment scheme authorised under section 286 of the Act, that is approved under the Act; any trustee-manager of a business
- MAS
- Speeches
Last revised date:
- Investment Management Association of Singapore 3rd Annual Conference Keynote Address by Mr Lim Hng Kiang, Minister For Health and Second Minister For Finance Date: 06 Jul 2000 Mr Daniel Chan, Chairman, IMAS Distinguished Guests, Ladies and Gentlemen, I am happy to join you this morning at the 3rd annual conference of the Investment Management Association of Singapore (IMAS). Recent Initiatives 2 The MAS undertook a strategic review of Singapore's financial sector in 1998, and identified asset
- MAS
- Media Releases
Last revised date:
- . *** 1 Under the Business Trusts Act (Cap. 31A), business trusts that are constituted in Singapore and whose units are offered to the public must be registered by MAS. 2 Under the Securities and Futures Act (Cap. 289), a public offer of units in a Singapore-constituted collective investment scheme must
- In addition to restating up to three years of historical audited financial statements fully to the New Framework in the prospectus, issuers of shares, debentures and units in business trusts will also have the option of using the transitional relief provided by MAS.
- The Monetary Authority of Singapore (MAS) announced today that registered business trusts will adopt a new Singapore financial reporting framework that is identical to the International Financial Reporting Standards (IFRS), while authorised collective investment schemes will continue to prepare financial