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:
- Introduction of property funds will add to breadth and sophistication of Singapore's financial centre Singapore, 14 May 1999... The Monetary Authority of Singapore (MAS) today issued a set of regulatory guidelines for property funds. The guidelines give guidance to fund managers on the operation of such funds offered for sale to retail investors in Singapore. The introduction of property funds here will widen the range of financial products available to investors, consistent with the efforts to
- MAS
- Parliamentary Replies
Last revised date:
- Issues Raised in Parliament ANSWER TO PARLIAMENTARY QUESTION ON: Islamic Banking For Parliament Sitting on 04 Aug 1999 Question: To ask the Deputy Prime Minister if he will give a progress report on the introduction of Islamic banking facility in Singapore and whether his Ministry has any plan to encourage local and foreign banks to provide the facility in order to attract local and foreign deposits. Answer: 1. MAS allows banks in Singapore to offer Islamic banking products and services as part of
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 3 May 2018… The Monetary Authority of Singapore (MAS) has issued a 4-year prohibition orders against Mr Lim Fang Wee. 2 The orders prohibit him from performing any regulated activity under the Securities and Futures Act (SFA) and any financial advisory service under the Financial Advisers Act (FAA), as well as taking part in the management, acting as a director or becoming a substantial shareholder of any capital market services firm under the SFA and any financial advisory firm under
- MAS
- Media Releases
Last revised date:
MAS Outlines Enforcement Approach to Deter, Detect and Investigate Breaches of Rules and Regulations- Singapore, 24 September 2018… The Monetary Authority of Singapore (MAS) today published an Enforcement monograph (459.5 KB) to provide greater clarity and transparency into how MAS deters, detects, investigates and takes action against breaches of the rules and regulations it administers. The monograph outlines how MAS’ Enforcement Department works together with the other financial sector oversight functions in MAS to uphold Singapore’s reputation as a clean and trusted financial centre. 2 This
- MAS
- Media Releases
Last revised date:
- Singapore, 3 May 2018… The Monetary Authority of Singapore (MAS) has issued a 4-year prohibition orders against Mr Lim Fang Wee. 2 The orders prohibit him from performing any regulated activity under the Securities and Futures Act (SFA) and any financial advisory service under the Financial Advisers Act (FAA), as well as taking part in the management, acting as a director or becoming a substantial shareholder of any capital market services firm under the SFA and any financial advisory firm under
- MAS
- Media Releases
Last revised date:
- Singapore, 4 August 2006...The Monetary Authority of Singapore (MAS) today released draft notices on anti-money laundering and countering the financing of terrorism (AML/CFT) for banks, finance companies, merchant banks, money changers and remittance licence holders, life insurers, capital markets intermediaries, financial advisers, approved trustees, and trust companies. 2 The draft notices take into account the comments received for the consultation on the first draft of the revised MAS Notice
- MAS
- Guidelines
Last revised date:
- Guidelines on the permitted activities and restrictions for merchant banks. The Guidelines was cancelled with effect from 1 July 2021. These guidelines apply to all merchant banks in Singapore. The guidelines cover the allowed and prohibited activities for merchant banks. 01 Jul 2021 Guidelines for Operation of Merchant Banks (30.4 KB) is cancelled. Guidelines for Operation of "Merchant" Banks 1. Merchant banks may conduct the following activities:- i) Floatation, underwriting, buying
- MAS
- Money and Banking Monthly Statistical Bulletin
Last revised date:
- Column 2 The BT Singapore Regional Index (SRI) is no longer calculated as of 10 January 2008.
- MAS
- Staff Papers
Last revised date:
- MAS Staff Paper No. 35, November 2004 - By Pei Sai Fan Abstract This paper builds on the earlier MAS staff paper published by the same author in March 2004 by updating the recent empirical research on corporate governance and examines at length the issue of board diversity in section 7 to 10. Board diversity refers to differences or variation in the age, gender, ethnicity, culture, religion, constituency representation, professional background, knowledge, technical skills and expertise, commercial
- MAS
- Media Releases
Last revised date:
- Singapore, 21 August 2000... The Monetary Authority of Singapore (MAS) has accepted the recommendations by the Committee on Efficient Distribution of Life Insurance (CEDLI) to enhance the sales advisory process, product disclosure, and the professional training requirements for intermediaries selling life insurance products. CEDLI was appointed by the MAS in March this year to propose changes to raise standards, transparency and efficiency in the distribution of life insurance products. The report