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
- Media Releases
Last revised date:
- 23 November 2017, Abu Dhabi, UAE…The Monetary Authority of Singapore (MAS) and Abu Dhabi Global Market (ADGM) today signed a Memorandum of Understanding (MoU) to strengthen the supervision of cross-border operations of banking institutions. The signing ceremony was held on the sidelines of the annual Abu Dhabi Singapore Joint Forum (ADSJF) in Abu Dhabi today. MAS and the Financial Services Regulatory Authority (FSRA) of ADGM share a common objective to develop sound and robust financial markets and
- MAS
- Circulars
Last revised date:
- Provides guidance regarding financial institutions' use of MyInfo as a verified source of identification information. Highlights considerations of using non-face to face verification measures. Circular No.: AMLD 01/2018 08 January 2018 The Chief Executive Officers of All Financial Institutions Dear Madam / Sir USE OF MYINFO AND CDD MEASURES FOR NON FACE-TO-FACE BUSINESS RELATIONS MAS supports the use of technology by financial institutions (FIs) to improve
- MAS
- Media Releases
Last revised date:
- Singapore, 9 November 2020… The Monetary Authority of Singapore (MAS) announced today the launch of a S$35 million The PSG for the financial services sector will be supported by the Financial Sector Development Fund. Please refer to the Annex for more information about FSDF. Productivity Solutions Grant (PSG) for the financial services sector to help smaller financial institutions Financial institutions with not more than 200 employees. adopt digital solutions for more streamlined data reporting
- MAS
- Speeches
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- Connecting India and Singapore INTRODUCTION 1 I am delighted to be here today to address the Standard Chartered Bank's Singapore Conference. 2 We stand on the threshold of a major transformation in Asia. With a combined population of 3 billion people, Asia is the largest and most promising region in the world today. It includes Japan, not fully recovered from its post-bubble malaise, but still the second largest economy in the world, with deep capabilities and advanced technology. It includes
- PDPC
- Public Consultations
Last revised date:
- = RESPONSE TO THE PUBLIC CONSULTATION ISSUED BY THE PERSONAL DATA PROTECTION COMMISSION PROPOSED REGULATIONS ON PERSONAL DATA PROTECTION IN SINGAPORE AND PROPOSED ADVISORY GUIDELINES ON KEY CONCEPTS AND SELECTED TOPICS IN THE PERSONAL DATA PROTECTION ACT = = = = = = = = = = = = = = = = = = = 1 April 2013 = = This paper is prepared in response to the consultation documents dated 5 February 2013 and represents M1’s views on the subject matter. Unless otherwise noted, M1
- MAS
- Forms and Templates
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- ___ 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 entities to apply for the approval of a Chief Executive Officer, Director or Partner of a payment service provider under the Payment Services Act 2019. Submissions must be made via the online form here . Please note that a CorpPass ID is required. If the application is being submitted using a CorpPass not
- MAS
- Media Releases
Last revised date:
- 8 Aug 1999... MAS today issued Notices on financial reinsurance to general insurers and life insurers. The Notices set out MAS' stance on the definition and use of financial reinsurance. They also provide guidelines on the application of risk transfer rules and accounting treatment, as well as disclosure requirements pertaining to financial reinsurance. MAS said that financial reinsurance, as an alternative to traditional reinsurance, is increasingly gaining significance as a component in insurance
- MAS
- Media Releases
Last revised date:
- Singapore, 29 August 2019… The Monetary Authority of Singapore (MAS) announced today that it will begin accepting applications for new digital bank licences. Interested parties have until 31 December 2019 to submit their applications. This follows the announcement in June 2019 by Mr Tharman Shanmugaratnam, Senior Minister and Chairman of MAS, that MAS will issue up to two digital full bank licences and three digital wholesale bank licences. 2 The new digital bank licences, which will be extended
- MAS
- Media Releases
Last revised date:
- Singapore, 25 November 2020... The Monetary Authority of Singapore (MAS) announced today the 20 finalists for the 2020 Global FinTech Hackcelerator. The finalists this year comprise several unique solutions that seek to drive positive social and environmental impact within the financial sector, in response to the challenges posed by COVID-19 and climate change. The Global FinTech Hackcelerator identifies innovative market-ready solutions to address real industry needs. The finalists will pitch their
- MAS
- Economic Essays
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- 70 Macroeconomic Review, October 2018 Special Feature A Shifts In Asias Demand And Production Structure: A Value- Added Approach Analysing Asian Demand Using A Value-Added Approach With a combined real GDP of US$14.2 trillion in 2016, emerging Asia1 is already one of the worlds largest economic regions.2 In the next decade or so, it is set to be the fastest-growing group of economies among the developing regions of the world. As a regional business