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
- Media Releases
Last revised date:
- On 13 April 2020, the COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture Holders) Order 2020 (Order) was issued.
- Trusts, Unit Trusts and Debenture Holders) Order 2020 (Order).
- The Accounting and Corporate Regulatory Authority (ACRA), the Monetary Authority of Singapore (MAS) and Singapore Exchange Regulation (SGX RegCo) have prepared a checklist to guide listed and non-listed entities These include companies, variable capital companies, business trusts and unit trusts (e.g
- MAS
- Forms and Templates
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- Form for a person to apply to become a controller of a licensed trust company. Form 3 should be lodged online via FormSG . After submission, FIs may view a record of their submission by logging into MAS-Tx . TRUST COMPANIES ACT (Cap. 336) APPLICATION FOR APPROVAL OF CONTROLLER OF A LICENSED TRUST COMPANY UNDER SECTION 17(1) OF THE TRUST COMPANIES ACT FORM 3 Explanatory Notes Explanatory Notes For the purposes of this Form, a controller has the same meaning as in section 2 of the Trust Companies
- MAS
- Consultations
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- Proposed legislative amendments to effect the proposals set out in the May 2012 Consultation Paper on Review of Regulatory Framework for Unlisted Margined Derivatives Offered to Retail Investors and MAS response to the feedback from the industry. Response VIEW DOCUMENT Response to Feedback Received on Draft Regulations on Regulatory Framework for Unlisted Margined Derivatives Offered to Retail Investors (346.6 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Draft Regulations to Enhance
- MAS
- Speeches
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- Distinguished guests, Ladies and gentlemen, 1. Good afternoon. 2. I am very pleased to be here with you today at the REITAS annual conference. This year marks the 20th anniversary of the Singapore REIT industry – an important milestone given that it almost did not take off, for those of you who still remember. Singapore’s development into a REIT hub 3. Today, Singapore has a large, diversified REIT market – geographically and by types of properties. It speaks to the appeal of our REIT framework,
- MAS
- Speeches
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- Increasingly, we see this trend for infrastructure business trusts as well. Investors are valuing them on a total return basis, taking into consideration both yield and growth potential.
- These include the set up of a new fund focused on Asian opportunities with a view to list it in due course or set up of a joint venture with an existing REIT or infrastructure business trust through mutual contribution of assets.
- In February this year, Singapore saw the listing of CitySpring Infrastructure Trust, our first infrastructure business trust. This complements two other landmark transactions in 2005. First, the listing of Macquarie International Infrastructure Fund, Asia’s first infrastructure fund.
- MAS
- Notices
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- Requirements for the Central Depository System on anti-money laundering (AML) and countering the financing of terrorism (CFT). Financial institutions operating in Singapore are required to put in place robust controls to detect and deter the flow of illicit funds through Singapore's financial system. Such controls include the need for financial institutions to identify and know their customers (including beneficial owners), to conduct regular account reviews, and to monitor and report any suspicious
- MAS
- Consultations
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- Trusts Act (Cap. 31A); (d) the Deposit Insurance and Policy Owners Protection Schemes Act (Cap. 77B); (e) the Finance Companies Act (Cap. 108); (f) the Financial Advisers Act (Cap. 110); (g) the Financial Holding Companies Act 2013 (Act 13 of 2013); (h) the Insurance Act
- institution; policy has the same meaning as in the First Schedule to the Insurance Act; prescribed written law means the following Acts and the subsidiary legislation made under those Acts: (a) this Act; 5 10 15 20 25 30 -------- 7 (b) the Banking Act (Cap. 19); (c) the Business
- MAS
- Guidelines
Last revised date:
- Under section 2 of the Business Trust Act, a unit, in relation to a business trust, means a share in the beneficial ownership in the trust property of the business trust. 8 Under section 2(1) of the SFA, securities-based derivatives contract includes any derivatives contracts of which
- trust 7, where it confers or represents ownership interest in the trust property of a business trust; 2.3.4 a securities-based derivatives contract8, which includes any derivatives contract of which, the underlying thing is a share, debenture or unit in a business trust; or 2.3.5 a
- trust.
- MAS
- Explainers
Last revised date:
- Under section 2 of the Business Trust Act, a unit, in relation to a business trust, means a share in the beneficial ownership in the trust property of the business trust. 8 Under section 2(1) of the SFA, securities-based derivatives contract includes any derivatives contracts of which
- trust 7, where it confers or represents ownership interest in the trust property of a business trust; 2.3.4 a securities-based derivatives contract8, which includes any derivatives contract of which, the underlying thing is a share, debenture or unit in a business trust; or 2.3.5 a
- trust.
- MAS
- Guidelines
Last revised date:
- business; (p) money broking; (q) money-changing business; remittance business; (r) lending; (s) factoring; (t) leasing; (u) 25 This includes a financial holding company which is a non-operating company that holds