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
- Recent Economic Developments
Last revised date:
- This semi-annual brief on the Singapore economy also discusses external developments pertinent to our assessment of near-term economic prospects. RECENT ECONOMIC DEVELOPMENTS IN SINGAPORE 12 August 2022 Highlights Global GDP growth slowed markedly in the first half of the year, as intensifying inflationary pressures prompted policy tightening in many countries. Renewed COVID-related disruption in the Asia ex-Japan region was also a drag on activity,
- MAS
- Recent Economic Developments
Last revised date:
- This semi-annual brief on the Singapore economy also discusses external developments pertinent to our assessment of near-term economic prospects. RECENT ECONOMIC DEVELOPMENTS IN SINGAPORE 12 August 2022 Highlights Global GDP growth slowed markedly in the first half of the year, as intensifying inflationary pressures prompted policy tightening in many countries. Renewed COVID-related disruption in the Asia ex-Japan region was also a drag on activity,
- PDPC
- Public Consultations
Last revised date:
- Date of Submission: 13 February 2014 Response to the Public Consultation on the Proposed Advisory Guidelines on the Personal Data Protection Act 2012 to Scenarios Faced in the Telecommunication Sector 1. INTRODUCTION Global Transit Singapore Pte. Limited (“GT Singapore”), is a licensed service based operator (“SBO”) which provides wholesale IP transit bandwidth and private leased circuits with connections across the South East Asia countries
- PDPC
- Commission's Decisions
Last revised date:
- Directions were issued to ACL Construction (S) for breach of the PDPA in relation to failure to appoint a data protection officer and no policies and practices in place to comply with the PDPA. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION Case No. DP-2107-B8598 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And ACL Construction (S) Pte Ltd SUMMARY OF THE DECISION 1. On 2 June 2021, the Personal
- MAS
- Consultations
Last revised date:
- Response VIEW DOCUMENT Response to Feedback: Second Consultation Paper on Policy Owners' Protection Fund (138.4 KB) Consultation Paper VIEW DOCUMENT Second Consultation Paper on Policy Owners' Protection Fund (526.8 KB) RESPONSE TO FEEDBACK RECEIVED SECOND CONSULTATION PAPER ON POLICY OWNERS PROTECTION FUND (PPF) Introduction 1 1.1 In December 2009, the Monetary Authority of Singapore (MAS) conducted a second consultation on PPF. The PPF seeks to compensate policy owners in the event of
- MAS
- Consultations
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- In 2016, MAS embarked on a review of the regulatory framework governing payment services in Singapore with a view to modernising and streamlining the existing frameworks to encourage the wider adoption of e-payments in Singapore. As part of the review, one key recommendation to encourage the use of e-payments was to enhance consumer or account user protection. On 13 February 2018, MAS proposed measures to protect funds belonging to account users and merchants in the Payment Services Bill. This is
- PDPC
- Commission's Decisions
Last revised date:
- DECISION OF THE PERSONAL DATA PROTECTION COMMISSION Case Number: DP-1504-A390 SINGAPORE COMPUTER SOCIETY (Reg. No. S67SS0039C) ... Respondent Decision Citation: [2016] SGPDPC 9 GROUNDS OF DECISION 20 April 2016 A. BACKGROUND 1. On 17 March 2015, the Respondent notified the Commission that it inadvertently disclosed certain personal data of individuals attending an event organised by the Respondent to other individuals and had received information about the disclosure
- MAS
- Media Releases
Last revised date:
- Singapore, 17 February 2016… The Monetary Authority of Singapore (MAS) and the National Trades Union Congress (NTUC) today announced the formation of the Financial Sector Tripartite Committee (FSTC). Reflecting the spirit of tripartism, the FSTC will bring together the industry associations, labour movement, and government to foster a financial workforce that can meet the changing needs of the financial industry. 2 The FSTC is co-chaired by Ms Jacqueline Loh, Deputy Managing Director, MAS, and
- MAS
- Speeches
Last revised date:
- 1 Good afternoon, ladies and gentlemen. 2 It gives me great pleasure to join you at this seminar on compliance organised by the Institute of Banking and Finance. 3 In recent years, compliance has emerged as a distinct branch of risk management within the financial system. Like the other risk management disciplines, an effective compliance framework calls for international financial institutions to put in place a dynamic compliance programme that is responsive to market and regulatory developments
- PDPC
- Public Consultations
Last revised date:
- ACE Insurance Limited ACE Insurance Limited RESPONSE TO PUBLIC CONSULTATION ON PROPOSED BUSINESS PUBLIC CONSULTATION ON PROPOSED BUSINESS PUBLIC CONSULTATION ON PROPOSED BUSINESS OPERATION OF THE DO NOT CALL REGISTRY ISSUED ON 15 MAY 2013 OPERATION OF THE DO NOT CALL REGISTRY ISSUED ON 15 MAY 2013 OPERATION OF THE DO NOT CALL REGISTRY ISSUED ON 15 MAY 2013 SUBMITTED BY: ACE Insurance Limited 600 North Bridge Road #04-02 Parkview Square Singapore 188778 www.aceinsurance.com.sg