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, 30 July 2005...Mr. Tharman Shanmugaratnam, Minister for Education and Deputy Chairman of the Monetary Authority of Singapore (MAS) today announced findings of the first National Financial Literacy survey at the Taman Jurong Community Club Official Opening and Singapore's 40th National Day Celebration. 2 Commissioned by the MoneySENSE national financial education programme, the survey revealed encouraging findings about Singaporeans' approach to money matters. The survey findings also
- MAS
- Media Releases
Last revised date:
- Singapore, 5 March 2021... The Monetary Authority of Singapore (MAS) today announced four new senior management appointments as part of an ongoing process to renew MAS’ leadership bench. There will also be two changes in senior appointments. The new appointments and changes will take effect on 1 April 2021. Deputy Managing Director 2 Ms Ho Hern Shin, currently Assistant Managing Director (Banking & Insurance), will be appointed Deputy Managing Director (Financial Supervision). She will take
- MAS
- Media Releases
Last revised date:
- Singapore, 5 March 2021... The Monetary Authority of Singapore (MAS) today announced four new senior management appointments as part of an ongoing process to renew MAS’ leadership bench. There will also be two changes in senior appointments. The new appointments and changes will take effect on 1 April 2021. Deputy Managing Director 2 Ms Ho Hern Shin, currently Assistant Managing Director (Banking & Insurance), will be appointed Deputy Managing Director (Financial Supervision). She will take
- MAS
- Media Releases
Last revised date:
- Singapore, 19 January 2022… The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) are introducing a set of additional measures to bolster the security of digital banking, in view of the recent spate of SMS-phishing scams targeting bank customers. 2. MAS expects all financial institutions to have in place robust measures to prevent and detect scams as well as effective incident handling and customer service in the event of a scam. The growing threat of online phishing
- PDPC
- Commission's Decisions
Last revised date:
- A financial penalty of $25,000 was imposed on Webcada for breaches of the PDPA. First, the organisation failed to put in place reasonable measures to protect personal data on its database servers. Second, it did not have written policies and practices necessary to ensure its compliance with the PDPA. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION Case No. DP-2009-B6931 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And
- MAS
- Media Releases
Last revised date:
- Singapore, 8 June 2023... The Monetary Authority of Singapore (MAS) announced today that it will set supervisory expectations to steer financial institutions’ transition planning processes to facilitate credible decarbonisation efforts by their clients . 2. Speaking at the Financing Asia’s Transition (FAST) Conference, Mr Tharman Shanmugaratnam, Senior Minister and Coordinating Minister for Social Policies, and Chairman of MAS, underscored the need for financial supervisors to incentivise financial
- MAS
- Parliamentary Replies
Last revised date:
- QUESTIONS NO 143 AND 163 NOTICE PAPERS 74 AND 80 OF 2020 FOR WRITTEN ANSWER Date: For Parliament Sitting on 5 October 2020 Name and Constituency of Member of Parliament Q 143. Mr Alex Yam Ziming, MP, Marsiling-Yew Tee GRC Q 163. Mr Desmond Choo, MP, Tampines GRC Questions: Q 143. To ask the Prime Minister with regard to the recent document leaks from the US Financial Crimes Network (a) whether any banks in Singapore are implicated in the money laundering activities; and (b) whether the Government
- MAS
- Media Releases
Last revised date:
- Singapore, 10 October 2008...MAS today released more details on the resolution process and timeline for investors in structured products linked to Lehman Brothers. Lehman Minibond Programme Resolution Timeline 2 HSBC Institutional Trust Services Singapore (the trustee) has informed MAS that it has not received firm proposals from potential new swap counterparties to replace Lehman Brothers for the Minibond programme as of today. However, a few financial institutions (FIs) are assessing the commercial
- MAS
- Speeches
Last revised date:
- Dr Syamsul Maarif, Guest-of-Honour and Head of the Indonesian National Disaster Management Agency, Mr Teddy Hailamsah, Secretary-General of the ASEAN Insurance Council, Ladies and Gentlemen, Introduction 1 Good morning and a warm welcome to our foreign delegates who have travelled here to be with us today. Allow me to first thank the organisers for inviting me to this inaugural Forum. Before I begin, I should admit that I am not a subject expert on this topic. However, this is an area that is
- MAS
- Media Releases
Last revised date:
- Singapore, 2 June 2022… The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) today announced additional measures to further safeguard customers from digital banking scams. These measures complement those announced on 19 January 2022 . 2. In consultation with MAS and the Singapore Police Force (SPF), banks are progressively implementing the following additional measures, which will be in full effect by 31 October 2022: require additional customer confirmations