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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- This consultation sets out MAS’ proposed regulations and order applicable to entities regulated under the Payment Services Act 2019, to effect the objectives of the Act. Response VIEW DOCUMENT Response to Feedback Received on the Proposed Payment Services Regulations (616.6 KB) Annexes to the Response to Feedback Received on the Proposed Payment Services Regulation (987.8 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Proposed Payment Services Regulations (577.9 KB) t RESPONSE TO
- MAS
- Speeches
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- Mr Khor Hock Seng, President of LIA Singapore Distinguished guests Ladies and gentlemen 1. Thank you for inviting me to speak at today’s luncheon. 2. Let me first congratulate Hock Seng on his appointment as the new LIA president, and his team – the new LIA Management Committee – on their appointments. Thank you all for taking up the challenge of leading the industry. The LIA has played an instrumental role in developing Singapore’s life insurance sector. It is an active voice for the
- MAS
- Media Releases
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- amongst businesses and financial institutions globally.
- so I'm optimistic that our journey to unlock their potential will yield excellent results for our people and country.” 7 Ms Toh Su Mei, Chief Executive Officer, ANEXT Bank, said, “ANEXT Bank is honored to join this private-public taskforce in co-creating the FTC trust data framework to promote more trust
- MAS
- Media Releases
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- Reporting requirements for business trusts and real estate investment trusts (REITs) are found in the Business Trusts Act and the SFA respectively. Separately, the listed entity is required to announce such information to the market under the SGX Listing Rules.
- Any acquisition or disposal of interest in the securities of the BT or REIT by the manager must also be disclosed.
- Under the new regime, all notification requirements in respect of interests in listed entities (corporations, business trusts and REITs) will be streamlined and consolidated in the SFA.
- MAS
- Consultations
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- Response VIEW DOCUMENT Response to Feedback Received on Amendments to Banking Regulations and Banking CG Regulations (888.3 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Proposed Amendments to the Exemptions from Restrictions on Deposit-Taking and Solicitation (152.6 KB) RESPONSE TO FEEDBACK RECEIVED 30 July 2019 Amendments to Banking Regulations and Banking (Corporate Governance) Regulations Monetary Authority Of Singapore 1 -------- RESPONSE TO FEEDBACK RECEIVED
- MAS
- Monographs/Information Papers
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- Under the TCA, a licence is required for any person carrying on a trust business.
- business services in Singapore.
- Lawyers involved in the administration of sophisticated trust arrangements generally use LTC service providers or business trusts, which are subjected to the necessary AML/CFT regulations in Singapore (please refer to the earlier section on LTCs).
- MAS
- Media Releases
Last revised date:
- Under the TCA, a licence is required for any person carrying on a trust business.
- business services in Singapore.
- Lawyers involved in the administration of sophisticated trust arrangements generally use LTC service providers or business trusts, which are subjected to the necessary AML/CFT regulations in Singapore (please refer to the earlier section on LTCs).
- MAS
- Speeches
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- 1 Good morning ladies and gentlemen. It is my pleasure to be here today. Allow me to first thank VRL KnowledgeBank for choosing to hold this Private Banker International Wealth Conference once again in Singapore. For those of you who are visitors, or who will also be attending the 2006 IMF-World Bank Annual Meetings (S2006) and related events, a very warm welcome indeed. We are pleased that VRL and a number of other organizations and financial institutions are holding their conferences, client-servicing
- MAS
- Consultations
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- procedures, management systems) which, on an ongoing basis: (i) enable the listing applicant, and the directors of the listing applicant (or in the case where the listing applicant is a collective investment scheme constituted as a trust or is a business trust, the directors of its manager
- , or business trust: (i) whose units are, wholly or partly, the subject of an application for listing on the Specified Approved Exchange; or (ii) whose units are listed on a Specified Approved Exchange, and on whose behalf an application to enter into a reverse takeover or very substantial
- investment scheme constituted as a trust or is a business trust, the directors of its manager or trustee-manager, respectively) collectively have the experience and qualifications to: (i) manage the listing applicants business; and (ii) ensure the listing applicant complies with its obligations
- MAS
- Guidelines
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- Example 5: Splitting of partial short sell orders Person A owns 100 units in XYZ Business Trust but would like to sell 300 units.
- trust; and (c) any unit in a real estate investment trust. 4.8 4.9 There may be shares of a corporation that is a secondary listing on an approved exchange.
- trust or real estate investment trust; or (b) SGD2,000,000 in aggregate value. 4.19 For the avoidance of doubt, a person may voluntarily choose to report its short position in any specified capital markets products even if its short position is less than the short position threshold.