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
Last revised date:
- Distinguished Guests Ladies and Gentlemen 1 Welcome to the MAS Evening at Art Singapore. 2 This is the first time that MAS is holding such a "client servicing" event. A few years ago, the very notion that a central bank or regulator had clients, and that it needed to do client servicing, would have been received with raised eyebrows. The authority's role was to oversee the financial sector from an Olympian height, unperturbed by gusts of competitive forces or any need to cultivate market participants
- MAS
- Media Releases
Last revised date:
- Singapore, 5 October 2021… The Monetary Authority of Singapore (MAS) announced today a series of events and activities to commemorate its Golden Jubilee. MAS began operations in 1971. 2. The commemorative events will kick off with the Partners Appreciation Evening on 7 October to recognise key partners and organisations who have worked alongside MAS and made significant contributions to Singapore’s financial sector and the broader economy. Prime Minister Lee Hsien Loong will be the Guest-of-Honour
- MAS
- Media Releases
Last revised date:
- Singapore, 5 October 2021… The Monetary Authority of Singapore (MAS) announced today a series of events and activities to commemorate its Golden Jubilee. MAS began operations in 1971. 2. The commemorative events will kick off with the Partners Appreciation Evening on 7 October to recognise key partners and organisations who have worked alongside MAS and made significant contributions to Singapore’s financial sector and the broader economy. Prime Minister Lee Hsien Loong will be the Guest-of-Honour
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 3 June 2021… The Monetary Authority of Singapore has issued five-year prohibition orders (POs) against Mr Younis Adnan Mohammed, following his convictions in the State Courts for offences involving fraud or dishonesty, namely forgery and providing false information to a public servant. 2 Under the POs, which will take effect from 2 June 2021, Mr Younis is prohibited from providing any financial advisory services, taking part in the management, acting as a director, or becoming a substantial
- MAS
- Media Releases
Last revised date:
- Singapore, 20 September 2017…The Monetary Authority of Singapore (MAS) announced today that it has established a Cyber Security Advisory Panel (CSAP), comprising cyber security thought leaders from around the world. 2 The CSAP will advise MAS on strategies to enhance the cyber resilience of Singapore’s financial sector. Specifically, CSAP will provide MAS global perspectives on evolving technologies and cyber threats and their implications for financial services, as well as insights on best practices
- MAS
- Media Releases
Last revised date:
- Singapore, 22 December 2006...The Monetary Authority of Singapore (MAS) issued amendments to the Code on Collective Investment Schemes (Code) to give fund managers greater operational flexibility while safeguarding investors' interest. 2 The amendments are as follows: (i) Revise the method of calculating exposure of a scheme to a single party To overcome the limitations posed by the current single party limit of 10% of the deposited property of a scheme, MAS has introduced a "single group limit
- MAS
- Parliamentary Replies
Last revised date:
- QUESTION NO 3596 NOTICE PAPER 1449 OF 2022 FOR WRITTEN ANSWER Date: For Parliament Sitting on 20 October 2022 Name and Constituency of Member of Parliament Miss Cheryl Chan Wei Ling, MP, East Coast GRC Question: To ask the Prime Minister (a) whether the Government monitors the performance of relationship managers in bancassurance; and (b) what recourse is available for clients who have insufficient guidance or are misled by them. Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in
- MAS
- Consultations
Last revised date:
- trust; (v) a unit in a collective investment scheme; 2 -------- (b) fluctuations in the value of any item mentioned in paragraph (a)(i) to (v), but does not include a debenture, an exchange-traded derivatives contract or a unit in a collective investment scheme; [S 153/2018 wef 01/
- indirectly, or whether wholly or in part) by reference to, is derived from, or varies by reference to, either of the following: (a) the value of any of the following: (i) any stock or share; (ii) a group of stocks or shares; (iii) an index of any stocks or shares; (iv) a unit in a business
- MAS
- Media Releases
Last revised date:
- Singapore, 17 Mar 2005... The Monetary Authority of Singapore (MAS) announced that it is working closely with the fund industry to facilitate the offer of UCITS (Undertakings in Collective Investments in Transferable Securities) III funds in Singapore. MAS has informed market practitioners of the requirements for the transition of existing UCITS I funds to the UCITS III regime, and has commenced the processing of such applications. 2 UCITS I funds are domiciled in the European Union (EU) and
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 17 June 2019… The Monetary Authority of Singapore (MAS) has issued 3-year prohibition orders (POs) against Mr Paris Michele for dishonest conduct. A former representative of UBS AG, Singapore branch (UBS), he had forged documents and falsified company emails during his employment with UBS. 2 Under the POs, Mr Michele is prohibited from performing any regulated activity under the Securities and Futures Act (SFA) and providing any financial advisory service under the Financial Advisers