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
- External Publications
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- Financial Action Task Force (FATF)'s guidance on standards for information sharing and revisions to its Interpretative Note to Recommendation 18 (INR.18). FATF Guidance on Private Sector Information Sharing and Revised INR.18 The Financial Action Task Force (FATF), the international standards setter for anti-money laundering and counter-financing of terrorism (AML/CFT), has published a Guidance on Private Sector Information Sharing (“the Guidance”). FATF has also made revisions to its Interpretative
- MAS
- Media Releases
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- Singapore, 14 November 2017...The Financial Services Information Sharing and Analysis Center (FS-ISAC) and the Monetary Authority of Singapore (MAS) today launched the FS-ISAC Asia Pacific Regional Analysis Centre’s office and operations in Singapore. The setting up of the Regional Centre in Singapore shows the growing collaboration between the two organisations to fight cybercrime. The Centre currently supports 49 financial institutions across nine Asia Pacific countries 1 . 2 “Information sharing
- MAS
- Speeches
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- Ladies and gentlemen, 1 I am delighted to be here with you this evening at the launch of Lyxor exchange-traded fund (ETF) suite. 2 ETFs, which aim to track the performance of an index and provide access to a wide variety of markets, are among the fastest growing asset classes in the investment funds industry. Globally, ETFs are estimated to have assets under management of close to US$487 billion . In the first half of this year alone, 136 ETFs were launched worldwide, of which 65 were outside
- MAS
- Media Releases
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- 6 July 2012…The Monetary Authority of Singapore (MAS) has today, released the findings of its mystery shopping survey on the financial advisory process of banks and insurers ( Annex (59.9 KB) ). 2 The objective of the survey was to assess the financial industry’s implementation of MAS’ guidelines on fair dealing ( Guidelines on Fair Dealing - Board and Senior Management Responsibilities for Delivering Fair Dealing Outcomes to Customers (100 KB) ). These Guidelines set out five fair dealing outcomes
- MAS
- Speeches
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- Mdm Speaker, I beg to move, “That the Bill be now read a second time”. INTRODUCTION 2 In July 2009, the International Monetary Fund (“IMF”) agreed to boost its capacity to lend to low-income countries impacted by the global financial crisis, through a new Poverty Reduction and Growth Trust (“PRGT”). The PRGT is the IMF’s concessional lending vehicle, which provides lending facilities tailored to the diverse needs of low-income countries. To fund the PRGT, IMF members agreed in 2012 to contribute
- MAS
- Speeches
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- 1 Minister for National Development, Mr Lawrence Wong, today moved the Bretton Woods Agreements (Amendment) Bill 2016 (the “Bill”) for First Reading in Parliament. 2 The amendments to the Bretton Woods Agreements Act (“BWAA”) will allow the Monetary Authority of Singapore (“MAS”) to enter into arrangements with the International Monetary Fund (“IMF”) to give grants or other financial assistance, on behalf of the Government of Singapore. Safeguards are set in place over MAS’ exercise of its powers
- MAS
- Media Releases
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- Singapore, 12 November 2008...MAS has been informed by HSBC Institutional Trust Services (Singapore) Ltd, the trustee for the Lehman Minibond notes programme, that in view of current market conditions, it decided to take certain steps in the interests of noteholders. Specifically, actions have been taken to terminate the swaps in the underlying securities for series 1 to 8 of the Minibond notes programme. This removes the risk of credit events in the underlying securities and helps to preserve
- MAS
- Parliamentary Replies
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- Date: For Parliament Sitting on 7 March 2013 Name and Constituency of Member of Parliament Ms Tan Su Shan, NMP Question: Real estate as an investment Answer by Mr Lawrence Wong, Acting Minister for Culture, Community and Youth on behalf of Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister in Charge of MAS: 1 The government has been concerned about the buoyancy of the property market, which has been partly driven by the very low interest rate environment globally. We have taken several
- MAS
- Media Releases
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- Singapore, 28 July 2015…The Monetary Authority of Singapore (MAS) today announced the composition of the new Financial Centre Advisory Panel (FCAP) comprising 26 leaders from the banking, insurance and asset management industries. FCAP will strengthen the dialogue and partnership between MAS and the financial industry, to drive the growth and development of Singapore’s financial centre. 2 The FCAP will provide advice to MAS in two areas: (a) Asset class strategies: Industry leaders will provide
- MAS
- Consultations
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- MAS is proposing amendments to the MAS Notices 632A, 1106A, 825A and 115A (collectively, the Fact Sheet or FS Notices) to enhance financial institutions’ (FIs) disclosures on interest rate changes as well as alternative arrangements that FIs will provide to borrowers should they make unexpected interest rate changes after borrowers have committed to a property loan. This will help borrowers make informed decisions before committing to a property loan. MAS is also proposing amendments to the FS Notices