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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    • PDPC
    • Public Consultations

    Last revised date:

    • PUBLIC CONSULTATION ISSUED BY THE PERSONAL DATA PROTECTION COMMISSION PROPOSED ADVISORY GUIDELINES ON KEY CONCEPTS AND SELECTED TOPICS IN THE PERSONAL DATA PROTECTION ACT SUBMISSION BY THE STARHUB GROUP TO THE PERSONAL DATA PROTECTION COMMISSION 1 APRIL 2013 Contact : Address Phone Email : : : : Veronica Lai / Jamie Seah StarHub Ltd 67 Ubi Avenue 1 #05-01 StarHub Green Singapore
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 14 May 2018… The Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) Industry Partnership (ACIP) has recommended a set of best practices for financial institutions to guard against trade-based money laundering and the misuse of company structures for illicit purposes. 2   As an international financial centre and transport hub, Singapore must continue to be vigilant to guard against the risk of being a transit point for illicit funds. The ACIP best practice papers
    • MAS
    • Parliamentary Replies

    Last revised date:

    • QUESTION NO. 561 NOTICE PAPER NO. 335 OF 2016 FOR WRITTEN ANSWER Date: For Parliament Sitting on 13 September 2016 Name and Constituency of Member of Parliament Mr Zainal Sapari, MP, Pasir Ris-Punggol GRC Question: To ask the Minister for Finance what are the safeguards that financial advisers must observe when selling financial products to vulnerable groups of people especially the elderly and less educated people. Answer by Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister in charge
    • MAS
    • Speeches

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    • Dr Yi Gang, President, China Society for Finance and Banking, distinguished guests, friends and colleagues, good afternoon. Welcome to the 11th MAS Lecture.  Since its launch in 2000, the MAS Lecture has featured distinguished members of the international financial community.  Today, we are honoured to have with us, Dr Yi Gang. Yi Gang needs little introduction, and I can scarcely do justice in five minutes to his many achievements over a distinguished career spanning more than 30 years. One perhaps
    • MAS
    • Financial Stability Reviews

    Last revised date:

    • The Monetary Authority of Singapore (MAS) conducts regular assessments of risks and vulnerabilities arising from developments in Singapore and the global economy, and assesses their implications for the soundness and stability of Singapore’s financial system. The analyses 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
    • Parliamentary Replies

    Last revised date:

    • Question No. 260 Notice Paper No. 206 of 2005 For Oral Answer Date: For Parliament Sitting on or after 17 October 2005 Name and Constituency of Member of Parliament Q260 - Miss Penny Low ______________________________________________________________________________ Question Q260:  To ask the Senior Minister (a) if he will provide a status update on the MoneySENSE programme and how many people have benefited from general half-day seminars and in an in depth manner like courses; (b) how will his Ministry
    • MAS
    • Enforcement Actions

    Last revised date:

    • Singapore, 1 November 2017…The Monetary Authority of Singapore (MAS) announced today that it has issued Prohibition Orders (POs) against Mr Ang Wee Keng Kelvin and Mr Lee Chee Waiy. MAS has also served notice of its intention to issue a PO against Mr Yeo Jiawei. Mr Kelvin Ang and Mr Lee Chee Waiy Further to its announcement on 30 May 2017, MAS has issued 6-year POs against Mr Ang and Mr Lee with effect from 30 October 2017. Mr Ang, a former representative of Maybank Kim Eng Securities Pte Ltd, was
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 1 November 2017…The Monetary Authority of Singapore (MAS) announced today that it has issued Prohibition Orders (POs) against Mr Ang Wee Keng Kelvin and Mr Lee Chee Waiy. MAS has also served notice of its intention to issue a PO against Mr Yeo Jiawei. Mr Kelvin Ang and Mr Lee Chee Waiy Further to its announcement on 30 May 2017, MAS has issued 6-year POs against Mr Ang and Mr Lee with effect from 30 October 2017. Mr Ang, a former representative of Maybank Kim Eng Securities Pte Ltd, was
    • MAS
    • Enforcement Actions

    Last revised date:

    • Singapore, 30 October 2020… The Monetary Authority of Singapore (MAS) has issued prohibition orders (POs) against two former bank employees for fraud and dishonest conduct. The individuals are: Name Duration of Prohibition Orders Mr Lu Chor Sheng, former Treasury Advisor of Oversea-Chinese Banking Corporation Limited (OCBC) 17 years Mr Tan Swee Thiam Timothy, former Relationship Manager of United Overseas Bank Limited (UOB) 9 years 2    The POs were issued against the two individuals following their
    • MAS
    • Speeches

    Last revised date:

    •  Addendum to the President’s Address Mr Goh Chok Tong Senior Minister and Chairman, MAS 1   The past year has witnessed a period of extraordinary stress in the global financial system and a deep economic recession worldwide.  Although the global financial condition has stabilised, the situation is fragile and we need to remain vigilant. 2   The Singapore economy weakened considerably from the second half of 2008. Meanwhile, headline inflation came down significantly from its peak in mid-2008. MAS