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....
Showing 3926 Documents for "business trust"
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- MAS
- Media Releases
Last revised date:
- Singapore, 14 November 2022… The Monetary Authority of Singapore (MAS) and the United Nations Capital Development Fund (UNCDF) have signed a Memorandum of Understanding on 11 November 2022 to jointly develop integrated and digital financial ecosystems for micro, small and medium enterprises (MSMEs) from least developed countries (LDCs). 2 The partnership will help MSMEs enhance their digitalisation capabilities and facilitate greater access to finance through open digital infrastructures. As a start
- MAS
- Circulars
Last revised date:
- Circular to Fund Management Companies on Enhancing Anti-Money Laundering & Countering the Financing of Terrorism Measures and Business Conduct This circular was issued following a series of thematic inspections carried out between 2014 and 2015 which covered licensed and registered fund management companies, with regard to their AML/CFT practices, handling of customers’ moneys and assets, and record keeping. It sets out common findings, and good practices observed during the inspections. 2 10
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 19 March 2020… The Monetary Authority of Singapore (MAS) has issued prohibition orders (POs) against four former insurance agents and two former bank employees for fraud and dishonest conduct. The individuals are: Name Duration of Prohibition Orders Mr Poh Kim Chuan, former representative of The Great Eastern Life Assurance Company Ltd (Great Eastern) 12 years Mr Chew Kheng Swee, former representative of Prudential Assurance Co. Singapore (Pte) Ltd (Prudential) 10 years Mr Yap Bin Chun
- MAS
- Media Releases
Last revised date:
- Singapore, 22 June 2023… The United Nations Development Programme (UNDP), Global Legal Entity Identifier Foundation (GLEIF) and Monetary Authority of Singapore (MAS) today signed a Statement of Intent to embark on a collaborative initiative to develop digital Environmental, Social and Governance (ESG) credentials for micro, small and medium-sized enterprises (MSMEs) worldwide. Known as Project Savannah, this initiative aims to help simplify the ESG reporting process for MSMEs by leveraging on digital
- MAS
- Guidelines
Last revised date:
- Guidelines for capital markets intermediaries on Notice SFA04-N02 on the prevention of money laundering and countering the financing of terrorism. These guidelines provide guidance to capital markets intermediaries on the requirements in Notice SFA 04-N02 to Capital Markets Intermediaries on Prevention of Money Laundering and Countering the Financing of Terrorism . They should be read in conjunction with the notice. 24 Apr 2015 Previous version dated 24 April 2015 (649.9 KB) [Cancelled] 02 Dec 2009
- MAS
- Notices
Last revised date:
- Requirements for capital markets intermediaries on anti-money laundering (AML) and countering the financing of terrorism (CFT). Financial institutions operating in Singapore are required to put in place robust controls to detect and deter the flow of illicit funds through Singapore's financial system. Such controls include the need for financial institutions to identify and know their customers (including beneficial owners), to conduct regular account reviews, and to monitor and report any suspicious
- MAS
- Speeches
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- Ms Ellen Richey, Visa Vice Chairperson & Chief Risk Officer Mr Joe Cunningham, Visa Chief Risk Officer for Asia Pacific Ms Mandy Lamb, Visa Group Country Manager for Regional Southeast Asia Mr Kunal Chatterjee, Visa Country Manager for Singapore Distinguished guests, ladies and gentlemen, 1 Good morning. It is my pleasure to join you this morning at the VISA Security Summit. 2 Before I touch on payments and cyber security, let me first speak about food, one of the main preoccupations of typical
- MAS
- Economic Essays
Last revised date:
- By Gerard George and Simon Schillebeeckx This study was published as Special Feature A in the April 2021 Macroeconomic Review. Special Features 1 Special Feature A Digital Sustainability and its Implications for Finance and Climate Change Gerard George & Simon Schillebeeckx1 As the pandemic forced the entire world to a virtual standstill, nature revived a little. The US emitted 10.3% less CO2 in 2020 than in 2019 and other regions similarly experienced emission declines. Depending
- MAS
- Notices
Last revised date:
- Requirements for financial advisers on anti-money laundering (AML) and countering the financing of terrorism (CFT). Financial institutions operating in Singapore are required to put in place robust controls to detect and deter the flow of illicit funds through Singapore's financial system. Such controls include the need for financial institutions to identify and know their customers (including beneficial owners), to conduct regular account reviews, and to monitor and report any suspicious transaction
- MAS
- Consultations
Last revised date:
- For the purpose of paragraph 1.1, transferable securities refer to: shares or securities equivalent to shares; and i) Guidance Shares include units in a business trust.
- trusts that are listed on SGX.
- While companies and business trusts will not be subject to the CBPA and RDPA, they will nonetheless be subject to upcoming regulations that require advertisements for all public offering vehicles to be fair and balanced.