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
    • Forms and Templates

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    • Form for exempt financial advisers to notify MAS of their commencement or addition of financial advisory services. The form is to be submitted at least 14 days before the commencement or addition of business. Form 26 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 NOTICE OF COMMENCEMENT OF BUSINESS/ADDITIONAL FINANCIAL ADVISORY SERVICE(S) LODGED PURSUANT TO
    • MAS
    • Speeches

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    •  Prof Hellmut Schutte, Prof Pierre Hillion, Ladies and Gentlemen, I'm delighted to join you all at this official launch of the Asia Pacific Institute of Finance (APIF). INSEAD Today - 'One School, Two Campuses, Three Continents' 2   INSEAD has made remarkable progress as a global business school.  Adopting a  "One School, Two Campuses, Three Continents" concept, INSEAD offers an unique global perspective by tapping on the strengths of its two campuses in Fountainebleau and Singapore, as well as
    • MAS
    • Forms and Templates

    Last revised date:

    • Form for banks, merchant banks, finance companies and insurers to provide a breakdown on the clientele type for each regulated activity and the business units involved in each activity. This form must be submitted within 14 days from the end of the financial year. Form 28 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
    • PDPC

    Last revised date:

    • PUBLIC CONSULTATION ISSUED BY THE PERSONAL DATA PROTECTION COMMISSION PROPOSED ADVISORY GUIDELINES ON THE PERSONAL DATA PROTECTION ACT FOR SELECTED TOPICS 05 FEBRUARY 2013 -------- ADVISORY GUIDELINES ON SELECTED TOPICS PART I: INTRODUCTION AND OVERVIEW ............................................................. 4 1 2 Introduction ........................................................................................... 4 Overview of the PDPA ..............................
    • PDPC
    • Public Consultations

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    • Response to PDPC Public Consultation on Data Portability and Data Innovation Provisions (DBS – 12 July 2019) -------- Key Feedback 1. The financial sector is very complex and there is potential for many unintended consequences if we adopt broad portability. There is a need to be led by sector specific policy to complement overarching policy. Standards and requirements should also apply to activities instead of just entities. For instance, if a parallel (to banking) industry player decides to
    • MAS
    • Speeches

    Last revised date:

    •  Basel II and Beyond: Financial Supervision in Times of Globalisation Part I: Introduction 1   Good morning, distinguished guests, ladies and gentlemen.  I would like to thank Risk Minds Asia for organising this important and timely conference, which I am sure will provide valuable lessons on enhancing risk management during this period of heightened uncertainty in markets and also in the operational environment. 2   Today I will share with you Singapore’s experience in implementing Basel II and
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 30 November 2020... The Monetary Authority of Singapore (MAS) announced today that eligible non-bank financial institutions (NFIs) will have direct access to the banking system’s retail payments infrastructure from February 2021. NFIs that are licenced as major payment institutions under the Payment Services Act will be allowed to connect directly to Fast and Secure Transfers (FAST) FAST is an electronic funds transfer service that enables customers of participating entities to transfer
    • MAS
    • Exemptions

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    • Stipulates the prohibited representations by exempt persons. This notice prohibits a corporate finance adviser, a futures or OTC derivatives broker which is exempt from holding a CMS licence from representing that it is licensed, supervised, regulated or registered by MAS. Amendment Notes 08 Oct 2018 MAS Notice SFA 04-N07 (Amendment) 2018 (216.8 KB) takes effect. 07 Aug 2012 MAS Notice SFA 04-N07 (Amendment) 2012 takes effect. Notice SFA 04-N07 last revised on 07 August 2012 (72.6 KB) . : SFA04
    • MAS
    • Consultations

    Last revised date:

    • Response VIEW DOCUMENT Response to Feedback on Proposed FNA Amendments Consultation (127.8 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Proposed Amendments to the Payment and Settlement Systems (Finality and Netting) Act (267.4 KB) RESPONSE TO FEEDBACK RECEIVED NOVEMBER 2017 Response to Feedback Received Proposed Amendments to the Payment and Settlement Systems (Finality and Netting) Act Monetary Authority Of Singapore 1 -------- RESPONSE TO FEEDBACK RECEIVED - PROPOSED
    • MAS
    • Speeches

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    •  Speech by Mr Ravi Menon, Executive Director, Supervisory Policy Dept / Banking Dept at the Asian Banker Summit, Singapore 2001 Date: 21 Mar 2001 1   Introduction 1.1   Thank you for inviting me to speak at the Asian Banker Summit. I propose to do three things this morning. First, I will sketch how the emerging financial landscape has intensified competition and spurred growth while spawning new risks and challenges. I will then describe how this has led to a re-orientation in MAS' framework for