Definition of “business trust

Universal
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
    • Forms and Templates

    Last revised date:

    • Form for banks, merchant banks, finance companies and insurers to notify MAS when they cease any regulated activity or activities. This form must be submitted within 14 days after the cessation of the regulated activity or activities. Form 29 should be lodged online via FormSG . After submission, FIs may view a record of their submission by logging into MAS-Tx . SECURITIES AND FUTURES ACT (Cap. 289) SECURITIES AND FUTURES (LICENSING AND CONDUCT OF BUSINESS) REGULATIONS FORM 29 NOTICE OF CESSATION
    • MAS
    • Speeches

    Last revised date:

    •  1   Good afternoon ladies and gentlemen. 2   Thank you for inviting me to your Annual General Meeting Luncheon, and thank you for the very warm welcome. May I congratulate Mr Darren Thomson on his election as the President of LIA and Mr Tan Hak Leh as Deputy President. I would also like to thank them personally for agreeing to take up the challenge to lead the LIA under such difficult times. Lessons from the current financial crisis 3   The steepness and to some extent the suddenness of the recent
    • MAS
    • Media Releases

    Last revised date:

    •  Singapore, 5 May 2004...The Monetary Authority of Singapore (MAS) today issued regulations to set out the implementation details of the policy to separate financial and non-financial business of a bank, and to unwind cross-shareholdings within the local banking groups (i.e. the anti-commingling policy).  The regulations spell out the rules for determining whether stakes in non-financial businesses held indirectly by banks through their affiliates have to be divested, and give effect to the policy
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 3 August 2020…The Monetary Authority of Singapore (MAS) announced today that it will award Significantly Rooted Foreign Bank (SRFB) privileges to Standard Chartered Bank (Singapore) Limited (SCBSL), allowing it to operate additional places of business (POBs). SCBSL is the first bank to qualify as an SRFB. 2   MAS will also enhance the SRFB Framework so that in the future, an SRFB that substantially exceeds the criteria for significant rootedness in Singapore may be given additional privileges
    • MAS
    • Speeches

    Last revised date:

    •  1   Good afternoon. 2   I am very happy to join you today at the Life Insurance Association (LIA)'s annual luncheon.  This event marks another year in LIA's efforts to promote the development of the life insurance industry in Singapore and to raise market conduct standards in the interest of all policyholders. Life Insurance Association in 2006 3   I would first like to congratulate life insurers for the industry's robust growth in 2006. According to your media release on 9 February 2007, the industry's
    • MAS
    • Consultations

    Last revised date:

    • To seek comments on the draft Corporate Governance Regulations and Guidelines following an earlier consultation in 2012. The Regulations are applicable to the locally-incorporated direct insurers and reinsurers. The Guidelines are applicable to the locally-incorporated direct insurers, reinsurers, captives and financial holding companies. Response VIEW DOCUMENT Response to Feedback: Consultation on Draft Corporate Governance Regulations for Insurers and Guidelines for Banks and Insurers (168.7
    • PDPC
    • Public Consultations

    Last revised date:

    • Public Consultation on Data Portability and Data Provisions May-Jul 2019 The document issued for public consultation is as follows: Public Consultation on Proposed Data Portability and Data Innovation Provisions Interested parties are invited to submit their views to corporate@pdpc.gov.sg (deadline 17 July 2019, 5pm.) Innovation ……………………………………………………………………………………… Dear Sirs, please note that, in order to facilitate the reading of my comments, I considered it was appropriate
    • MAS
    • Forms and Templates

    Last revised date:

    • Form for exempt financial advisers to notify MAS when they cease any or all of their financial advisory services. The form is to be submitted no later than 14 days after the cessation of that financial advisory service. Form 28 should be lodged online via FormSG . After submission, FIs may view a record of their submission by logging into MAS-Tx . FINANCIAL ADVISERS ACT (Cap. 110) FINANCIAL ADVISERS REGULATIONS FORM 28 NOTICE OF CESSATION OF BUSINESS LODGED PURSUANT TO REGULATION 37(1) OF THE
    • MAS
    • Forms and Templates

    Last revised date:

    • ___ We are currently experiencing a high volume of applications. Please expect a delay in our response as we will require additional processing time when you submit an application. ___ Form for payment service providers to apply for approval to conduct money-changing and/or cross-border money transfer services at an additional place of business. Submissions must be made via the online form here . Please note that a CorpPass ID is required. Please note that a CorpPass ID is required. If the application
    • MAS
    • Consultations

    Last revised date:

    • This consultation seeks views on the draft regulations and notices applicable to the licensed credit bureaus and approved members regulated under the Credit Bureau Act 2016. Response VIEW DOCUMENT Response to Feedback Received on Proposed Regulations and Notices for Licensed Credit Bureaus and Approved Members (282.7 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Proposed Regulations and Notices for Licensed Credit Bureaus and Approved Members (247.2 KB) RESPONSE TO FEEDBACK RECEIVED