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
- Consultations
Last revised date:
- This consultation paper sets out MAS’ proposed revisions to the Guidelines on Corporate Governance for Designated Financial Holding Companies, Banks, Direct Insurers, Reinsurers and Captive Insurers which are incorporated in Singapore. MAS is proposing these revisions taking into account international standards and industry good practices. Response VIEW DOCUMENT Response to Feedback_Revisions to the Guidelines on Corporate Governance (723.5 KB) Consultation Paper VIEW DOCUMENT Consultation Paper
- MAS
- Speeches
Last revised date:
- Luncheon Address by DPM Lee at the International Monetary Conference Date: 04 Jun 2001 Mr Sandy Warner President, IMC Ladies and Gentlemen: Introduction 1 I welcome all the delegates to this first IMC of the new century. Please allow me to share with you a Singapore perspective on financial centres as they are and as we expect them to be in the years ahead. 2 In the last few decades the pattern of international financial activity has undergone major changes. Starting with a high concentration
- MAS
- Media Releases
Last revised date:
- The Deputy Prime Minister, Minister for Finance, and Chairman of the Monetary Authority of Singapore ("MAS") today moved the Insurance (Amendment) Bill for first reading in Parliament. 2 As part of MAS' on-going effort to improve the regulatory framework for the insurance sector, this Bill will establish a risk-based capital ("RBC") framework for life insurance and general insurance companies, and a regulatory framework to govern health insurance business. To strengthen MAS' supervision of reinsurance
- MAS
- Enforcement Actions Media Releases
Last revised date:
- Singapore, 23 May 2022… The Monetary Authority of Singapore (MAS) has issued an eight-year prohibition order (PO) against Ms Nancy Tan Mee Khim, following her conviction for consenting to Noble Consulting Group Pte Ltd (Noble) carrying on a business of dealing in securities without holding a capital markets services licence under the Securities and Futures Act 2001 (SFA) . 2. Under the PO, which took effect on 18 May 2022, Ms Tan is prohibited from performing any regulated activity or from taking
- MAS
- Media Releases
Last revised date:
- Singapore, 8 July 2022… The Monetary Authority of Singapore (MAS) has imposed a composition penalty of $70,000 on Mr Go Choo Huat, for carrying on a money-changing and remittance business in November 2015, without the requisite licences. 2 Mr Go was the director of Top Excel Distribution Network Limited (Top Excel), a company registered in the Republic of Marshall Islands. In November 2015, a total of S$2,787,320.06 in cheque deposits from various entities who had no business dealings with Top Excel
- MAS
- Enforcement Actions Media Releases
Last revised date:
- Singapore, 8 July 2022… The Monetary Authority of Singapore (MAS) has imposed a composition penalty of $70,000 on Mr Go Choo Huat, for carrying on a money-changing and remittance business in November 2015, without the requisite licences. 2. Mr Go was the director of Top Excel Distribution Network Limited (Top Excel), a company registered in the Republic of Marshall Islands. In November 2015, a total of S$2,787,320.06 in cheque deposits from various entities who had no business dealings with Top Excel
- MAS
- Forms and Templates
Last revised date:
- Form for capital markets services licensees to notify MAS when there is a change of its name or a change of principal place of business within 14 days from the change. Form 10 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) REGULATIONS FORM 10 NOTICE OF CHANGE OF NAME AND/OR CHANGE OF PRINCIPAL PLACE OF BUSINESS UNDER
- MAS
- Notices
Last revised date:
- Requirements for the development and pricing of life insurance products and investment-linked policy sub-funds. This notice applies to all direct insurers licensed to carry on life business. It sets out: Requirements on management oversight, controls and policies and procedures on pricing and product development. Prohibited payout features. Requirements on procedure for approval of new products. Guidelines for notifying MAS of new products launched. Amendment Notes 19 Mar 2021 MAS 302 (Amendment)
- MAS
- Speeches
Last revised date:
- Keynote address by Mr Lim Hng Kiang, Minister for National Development, Second Minister for Finance and Member on the Monetary Authority of Singapore (MAS) Board of Directors, at the "OECD Conference on Insurance Regulation & Supervision In Asia" Date: 01 Feb 1999 Your Excellency, Mr Hashimoto Mrs Conruyt, Chairperson, OECD Insurance Committee Distinguished Guests Ladies and Gentlemen INTRODUCTION 1 I am happy to welcome you to this Conference sponsored by the OECD and the Monetary Authority
- MAS
- Speeches
Last revised date:
- "The Challenges of Risk Management in Volatile Financial Markets" Introduction Prof Tan Chorh Chuan, Prof Duan Jin-Chuan, Prof Robert Engle, Other distinguished speakers, Ladies and Gentlemen 1 It is a great pleasure to join you today for the Second Annual Risk Management Conference organised by the Risk Management Institute. Sub-Prime Crisis 2 The focus of this year’s Conference, on "The challenges of risk management in volatile financial markets" is important and timely. The recent events