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
- 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
- Enforcement Actions
Last revised date:
- Singapore, 17 May 2018… The Monetary Authority of Singapore (MAS) announced today that it has issued prohibition orders (POs) against six individuals for the mis-selling of investment products. The individuals are: Mr David Hiah Xinkai, a former representative of Prudential Assurance Co Singapore Pte Ltd (Prudential); Ms Heng Goid Hoon, a former representative of AIA Singapore Pte Ltd (AIA); Ms Koh Mei Ling, a former representative of AIA; Ms Jane Yeo Hui Rong, a former representative of AIA; Mr
- MAS
- Letters to Editor
Last revised date:
- Dear Editor, MAS Highlights Rules for Banks Selling Investment Products We refer to Ms Agnes Sng Hwee Lee’s letter calling on MAS to impose regulations pertaining to sales practices for investment products sold by banks to consumers (“Relook consumer banking practices”, 4 April 2020). Ms Sng raised the concern as to whether bank officers were recommending suitable investment products. Her specific suggestion of a cooling off period is actually covered by existing rules on sales practices. Under the
- MAS
- Media Releases
Last revised date:
- Singapore 2 February 2009...In consultation with MAS, Hong Leong Finance (HLF) has appointed Mr Hans Tjio as the independent person (IP) for its resolution of complaints relating to Pinnacle Notes Series 9 and 10. Mr Hwang Soo Jin who was the IP appointed by the securities brokers to oversee their complaints resolution process for the Lehman Minibond programme notes and Merrill Lynch Jubilee Series 3 LinkEarner Notes, has also agreed to oversee the complaints resolution process for DMG & Partners
- MAS
- Circulars
Last revised date:
- Information regarding the treatment of refinancing under the borrowing limits in the Property Fund Guidelines under Appendix 2 of the Code on Collective Investment Schemes . Circular No.: CMD 01/2009 9 January 2009 [To all REIT Managers & Trustees approved under Section 289 of the Securities & Futures Act] Dear Sir/Madam TREATMENT OF REFINAN CING UNDER THE AGGREGATE LEVERAGE LIMIT The Monetary Authority of Singapore (the Authority) has received requests to facilitate
- PDPC
- Public Consultations
Last revised date:
- May 2014 Closing Note for the Public Consultation on the Proposed Advisory Guidelines for the Telecommunication Sector Closing Note for the Public Consultation on the Proposed Advisory Guidelines for the Real Estate Agency Sector For more information on the final sectoral Advisory Guidelines issued, please click here . February 2014 The Public Consultation on the proposed real estate agency and telecommunication advisory guidelines has closed on 13 February 2014. Responses received at closing date
- MAS
- Media Releases
Last revised date:
- Singapore, 29 October 2021… The Monetary Authority of Singapore’s (MAS) Cyber Security Advisory Panel (CSAP) For more information on MAS’ CSAP, please refer to: https://www.mas.gov.sg/who-we-are/MAS-Advisory-Panels-and-Committees/Cyber-Security-Advisory-Panel , comprising experts in cyber security from around the world, provided insights on how MAS and financial institutions (FIs) can bolster their cyber defences. At its fifth annual meeting, held virtually on 26 and 27 October 2021, the Panel supported
- MAS
- Media Releases
Last revised date:
- Singapore, 22 March 2021... Referring to the charges of cheating and fraudulent trading brought in the State Courts against Ng Yu Zhi, a director of Envy Asset Management Pte Ltd (EAM) and Envy Global Trading Pte Ltd (EGT), the Monetary Authority of Singapore (MAS) said that EAM and EGT are not licensed by MAS. 2 EAM and EGT are believed to have been engaged in an investment fraud scheme between October 2017 and February 2021 involving the purported trading of nickel. Firms that deal in or invest
- MAS
- Media Releases
Last revised date:
- Singapore, 29 October 2021… The Monetary Authority of Singapore’s (MAS) Cyber Security Advisory Panel (CSAP) For more information on MAS’ CSAP, please refer to: https://www.mas.gov.sg/who-we-are/MAS-Advisory-Panels-and-Committees/Cyber-Security-Advisory-Panel , comprising experts in cyber security from around the world, provided insights on how MAS and financial institutions (FIs) can bolster their cyber defences. At its fifth annual meeting, held virtually on 26 and 27 October 2021, the Panel supported
- MAS
- Media Releases
Last revised date:
- Singapore, 22 March 2021... Referring to the charges of cheating and fraudulent trading brought in the State Courts against Ng Yu Zhi, a director of Envy Asset Management Pte Ltd (EAM) and Envy Global Trading Pte Ltd (EGT), the Monetary Authority of Singapore (MAS) said that EAM and EGT are not licensed by MAS. 2 EAM and EGT are believed to have been engaged in an investment fraud scheme between October 2017 and February 2021 involving the purported trading of nickel. Firms that deal in or invest