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
    • Speeches

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    •  Speech by Singapore Minister for Finance, Dr Richard Hu at the Dinner Hosted by the Monetary Authority of Singapore for Russell 20-20 Date: 20 Oct 2000 INTRODUCTION Mr. George Russell, members of Russell 20-20 and distinguished guests. It is my pleasure today to extend a warm welcome to all delegates from the Russell 20-20 Association. Since your formation in 1990, you have made significant investments in many developing markets. You have now chosen to visit the East Asian region at a time when
    • MAS
    • Speeches

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    • Payments Council members Industry participants Ladies and gentlemen 1   Thank you for inviting me to this SGQR launch event. This is the second e-payment related event since June this year. It reflects the intensity in which we are building up the national e-payment infrastructure. 2   So today, we are gathered here to launch SGQR as the newest feature of the Singapore e-payment system, and to make a couple of announcements. These may well be the last few jigsaw pieces we are putting in place to
    • MAS
    • Media Releases

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    • Singapore, 13 November 2018… The Monetary Authority of Singapore (MAS) today announced the three winners of the Global FinTech Hackcelerator, selected from 20 finalists See Annex A of MAS’ media release ‘60 Innovative Solutions Shortlisted for 2018 Global FinTech Hackcelerator and FinTech Awards’, 8 October 2018. that presented their innovative solutions at Demo Day, as part of the third Singapore FinTech Festival. The Global FinTech Hackcelerator was supported by KPMG Digital Village. 2   The winners
    • MAS
    • Notices

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    • Requirements for exempt persons and representatives of such persons for the trading of futures contracts in the form of structured warrants. This notice applies to all persons exempted under regulation 2(2) of the Securities and Futures (Exemption from Requirement to hold Capital Markets Services Licence) Regulations (Rg. 11) from the requirement to hold a capital markets services licence for trading in futures contracts and representatives of such persons. It sets out requirements for: Representatives
    • PDPC
    • Public Consultations

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    • The following are the CIMB Bank’s comments for the few questions raised in the PDPC consultation paper: Question 3: What are your views on the proposed reduction of the period for effecting withdrawal of consent to 10 business days, in line with the period to effect an unsubscribe request under the Spam Control Provisions? CIMB Bank response: The current situation within our organisation has the IT constraint of extracting the phone numbers for different channels based
    • MAS
    • Consultations

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    • Consultation Paper VIEW DOCUMENT Second Consultation Paper on Policy Owners' Protection Fund (526.8 KB) CONSULTATION PAPER P010 - 2009 December 2009 Second Consultation on Policy Owners' Protection Fund -------- SECOND CONSULTATION PAPER ON POLICY OWNERS PROTECTION FUND DECEMBER 2009 for insurance life and general PREFACE Currently, the Insurance Act provides for separate Policy Owners to Protection Fund (PPF) schemes compensate policy owners of life policies
    • MAS
    • Speeches

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    •  "Challenges, Opportunities, Realities" Over the last 25 years, SIBOS has developed to become a major financial services event. More than just a showcase for new products, SIBOS is an important forum where thought leaders in the industry share their views on the global financial landscape and the implications for their businesses. 2   I would like to talk about the realities and challenges facing us today. I will then share what Singapore is doing to remake our economy. In particular, I will focus
    • MAS
    • Media Releases

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    • Singapore, 12 October 2006...The Monetary Authority of Singapore (MAS) issued a consultation paper that sets out the proposed regulatory framework for mortgage insurance business.  The paper also describes how mortgage insurance will be treated in the calculation of the capital requirements for locally incorporated banks. 2.  Mortgage insurance protects residential mortgage lenders against losses on mortgage loans arising from default by borrowers.  It is unlike mortgage life insurance which pays
    • MAS
    • Letters to Editor

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    • 26 November 2014 The Editor Business Times Dear Editor We refer to the article by R Sivanithy, “Reinvent rules for remisiers” (The Business Times, 18 Nov 2014). Mr Sivanithy mentioned that trading representatives (TRs) of broking houses are prohibited from offering investment advice under the Securities and Futures Act (SFA).  We would like to clarify that the provision of financial advice is regulated under the Financial Advisers Act (FAA).  TRs with necessary qualifications and who have passed
    • MAS
    • Media Releases

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    •  Singapore, 25 August 2004...The Monetary Authority of Singapore (MAS) today announced the new risk-based capital (RBC) framework for insurers in Singapore.  In conjunction with the new RBC framework, MAS also issued the following regulations, notice and guidelines: Insurance (Valuation And Capital) Regulations 2004 Insurance (Accounts And Statements) Regulations 2004 Insurance (Actuaries) Regulations 2004 Insurance (Transitional And Savings Provisions) Regulations 2004 Insurance (General Provisions