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
- Notices
Last revised date:
- Exclusions from the term "customer" under section 40A of the Banking Act. This notice applies to all banks in Singapore. It specifies that, under section 40A of the Banking Act, the term "customer" also excludes any company carrying on merchant banking business or investment banking business. Amendment Notes 1 Jul 2021 MAS Notice 631 dated 30 Jun 2021 takes effect. MAS Notice 631 dated 18 Jul 2001 (81.6 KB) is cancelled. MAS 631 30 June 2021 (MAS Notice 631 dated 18 July 2001 is cancelled
- MAS
- Speeches
Last revised date:
- Good morning, and welcome to MAS’ first virtual media conference for the annual report. I hope everyone has been keeping well. GLOBAL ECONOMY Let me begin with the global economy. There are three points I’d like to make. The world is facing an unprecedented economic situation. The outlook is highly uncertain. Recovery will be uneven. The world is facing a public health crisis and a consequent economic crisis . The COVID-19 virus has now spread to all corners of the world. Measures necessary to contain
- MAS
- Speeches
Last revised date:
- Mr Kenichi Watanabe, President and CEO of Nomura Holdings Distinguished guests, Ladies and Gentlemen, 1 I am very pleased to join you this morning at this year’s Nomura Asia Equity Forum, where Nomura has brought together some 1,600 delegates from the financial sector and other important industries. Introduction 2 I would not be exaggerating if I were to say that many things have happened since the Forum last year. Most notably, the severe pessimism associated with the global recession has given
- MAS
- Media Releases
Last revised date:
- Singapore, 17 December 2018... The Monetary Authority of Singapore (MAS) announced today that investors will be able to invest in Singapore Savings Bonds (SSB) using their Supplementary Retirement Scheme (SRS) The Supplementary Retirement Scheme is a voluntary scheme to encourage individuals to save for retirement, over and above their CPF savings. Contributions to SRS are eligible for tax relief. For more information on SRS, please refer to the Ministry of Finance’s website. funds starting from
- MAS
- Subsidiary Legislation
Last revised date:
- Requirements for carrying on insurance business under the Lloyd's Asia Scheme, a foreign insurer scheme established under the Insurance Act (Cap. 142). Resource Forms and Annexes and Notes to the Forms Used for the Purposes of the Insurance (Lloyd's Asia Scheme) Regulations (with effect from 16 March 2021) (2.46 MB) 30 Dec 2020 Insurance (Lloyd’s Asia Scheme) (Amendment No. 2) Regulations 2020 (60.9 KB) takes effect on 31 Dec 2020. 28 Feb 2020 Insurance (Lloyd’s Asia Scheme) (Amendment) Regulations
- PDPC
- Commission's Decisions
Last revised date:
- PERSONAL DATA PROTECTION COMMISSION [2018] SGPDPC 23 Case No DP-1706-B0871 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And GrabCar Pte. Ltd. DECISION … Organisation -------- GrabCar Pte. Ltd. [2018] SGPDPC 23 Tan Kiat How, Commissioner — Case No DP-1706-B0871 27 September 2018. Background 1 This case involves the unauthorised disclosure of the personal data of GrabHitch drivers in a Google Forms survey
- MAS
- Speeches
Last revised date:
- Mr Ravi Menon, Chairman of IBF Council IBF Council Members IBF Award recipients Distinguished Guests, Ladies and Gentlemen, 1. This evening, we are here to recognise the contributions of IBF partners, and honour the achievements of our financial institutions and industry champions. 2. My heartiest congratulations to all award recipients. 3. The Finance sector is a major contributor to our economic growth and job creation in Singapore. 4. Local share of PMET jobs in the sector is healthy
- PDPC
- Commission's Decisions
Last revised date:
- A financial penalty of $6,000 was imposed on Grabcar for failing to make reasonable security arrangements to prevent the unauthorised disclosure of GrabHitch drivers’ personal data. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION [2018] SGPDPC 23 Case No DP-1706-B0871 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And GrabCar Pte. Ltd. Organisation DECISION -------- GrabCar Pte. Ltd. [2018] SGPDPC 23 Tan Kiat
- MAS
- Consultations
Last revised date:
- Response VIEW DOCUMENT Response to Feedback: Consultation on Insurance Resolution (30.4 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Insurance Resolution (125.5 KB) RESPONSE TO FEEDBACK RECEIVED CONSULTATION PAPER ON INSURANCE RESOLUTION Introduction Proposed Powers for MAS 1 1.1 In December 2009, the Monetary Authority of Singapore (MAS) conducted a consultation on the review of MAS powers relating to the resolution of insurers, in particular
- MAS
- Speeches
Last revised date:
- 1 The Minister for Culture, Community and Youth and Second Minister for Communications and Information, Mr Lawrence Wong, today moved two Bills for First Reading in Parliament, namely: (a) The Financial Advisers (Amendment) Bill 2015 (“FA(A) Bill”); and (b) The Insurance (Amendment) Bill 2015 (“I(A) Bill”). 2 On 26 March 2012, MAS launched the Financial Advisory Industry Review (“FAIR”) to raise the standards and professionalism of the financial advisory (“FA”) industry and to enhance market