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
- Parliamentary Replies
Last revised date:
- Question No 925 Notice Paper No. 23 of 2009 For Oral Answer Date: For Parliament Sitting On/After 3 February 2009 Name and Constituency of Member of Parliament Penny Low, MP for Pasir Ris-Punggol GRC Question To ask the Senior Minister in view of the long history of controversies surrounding section 73 of the Conveyancing and Law of Property Act, if he will elaborate on (a) why the recent amendments to the Insurance Act took so long especially since some insurers have already been using separate
- MAS
- Media Releases
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
- MAS
- Letters to Editor
Last revised date:
- Dear Editor, We refer to Professor Sattar Bawany’s letter “Questions for MAS on 1MDB”, (Straits Times, 23 March 2019). Among other things, Professor Bawany asked whether the Monetary Authority of Singapore (MAS) was alerted to 1MDB-related funds being transferred from a Singapore bank to a Malaysian bank account and how much money belonging to 1MDB was currently being held by MAS or authorities in Singapore. Like most regulators, MAS does not track the funds flowing into and out of banks in Singapore
- MAS
- Financial Stability Reviews
Last revised date:
- The Monetary Authority of Singapore (MAS) conducts regular assessment of risks and vulnerabilities arising from developments in Singapore and the global economy, and assesses their implications on the soundness and stability of Singapore’s financial system. The analysis and results are contained in the Financial Stability Review (FSR), which aims to contribute to a greater understanding among market participants, analysts and the public on issues affecting Singapore's financial system. -------
- MAS
- Media Releases
Last revised date:
- Singapore, 6 May 2021… The Monetary Authority of Singapore (MAS) announced the launch of the 6th edition of the Global FinTech Hackcelerator, with the theme “Harnessing Technology to Power Green Finance”. The competition, supported by Oliver Wyman, seeks to unlock the potential of FinTech in accelerating the development of green finance in Singapore and the region. 2. FinTech firms and solution providers around the world are invited to submit innovative solutions to address over 50 problem statements
- MAS
- Media Releases
Last revised date:
- Singapore, 6 May 2021… The Monetary Authority of Singapore (MAS) announced the launch of the 6th edition of the Global FinTech Hackcelerator, with the theme “Harnessing Technology to Power Green Finance”. The competition, supported by Oliver Wyman, seeks to unlock the potential of FinTech in accelerating the development of green finance in Singapore and the region. 2. FinTech firms and solution providers around the world are invited to submit innovative solutions to address over 50 problem statements
- MAS
- Media Releases
Last revised date:
- Singapore, 23 March 2017... The Monetary Authority of Singapore (MAS) today commenced a public consultation on a new corporate structure for investment funds – the Singapore Variable Capital Company (S-VACC). Mr Lawrence Wong, Minister for National Development and Second Minister for Finance, said at the Investment Management Association of Singapore (IMAS) 20th Anniversary Conference held today that the the S-VACC structure would offer asset managers greater flexibility and lower costs. 2 Currently
- MAS
- Media Releases
Last revised date:
- Singapore, 9 October 2012...The Monetary Authority of Singapore (MAS) has issued a consultation paper on the designation of tax crimes as money laundering (ML) predicate offences in Singapore. 2 As part of MAS’ ongoing efforts to protect the integrity and reputation of Singapore as a trusted international financial centre, a broad range of serious tax crimes will be designated as ML predicate offences from 1 July 2013. The Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits
- MAS
- Media Releases
Last revised date:
- Singapore, 3 February 2010...The Monetary Authority of Singapore welcomes the announcement by the three partners of PricewaterhouseCoopers LLP appointed as receivers for the Minibond notes, and HSBC Institutional Trust Services (Singapore) Limited, the trustee for the notes, that distribution of the recovery values of the Minibond notes to investors will be made on 12 February 2010. 2 The earlier settlement entered into between the receivers, the trustee and Lehman Brothers Special Financing
- MAS
- Notices
Last revised date:
- Requirements for banks when engaging in transactions with their related parties. This notice applies to all banks. It sets out the definition, scope and general principle governing transactions with related parties, and the responsibilities of banks to maintain oversight and control over their related party transactions in order to mitigate the risk of abuse arising from conflicts of interest. Amendment Notes 01 Jul 2021 MAS Notice 643 (Amendment) 2021 (285.9 KB) takes effect. 01 Jul 2021 MAS Notice