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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- PDPC
- Commission's Decisions
Last revised date:
- A financial penalty of S$5,000 was imposed on PeopleSearch for failing to put in place reasonable security arrangements to protect personal data of its clients. The incident resulted in the data being subjected to a ransomware attack. Click here to find out more. PeopleSearch Pte. Ltd. [2019] SGPDPC 47 PERSONAL DATA PROTECTION COMMISSION Case No DP-1903-B3521 [2019] SGPDPC 47 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And
- MAS
- Consultations
Last revised date:
- Proposed measures to address risks posed by the use of sign-on incentives during mass recruitment and migration of financial advisory (FA) representatives. The measures include setting reasonable sales targets with a cap for the first year and pegging the sign-on incentives to the persistency of policies serviced by the representative at his previous FA firm. Response VIEW DOCUMENT Response to Consultation Paper on Measures to Address the Risks Posed by the Use of Sign-on Incentives in the Recruitment
- MAS
- Speeches
Last revised date:
- 1 Mdm Speaker, I beg to move that the Bill be now read a second time. 2 This Bill amends the Insurance Act (Cap. 142) to enhance the Monetary Authority of Singapore’s (MAS) powers to better achieve its supervisory objectives, improve the clarity of its policy intent, align the provisions with other Acts administered by MAS, and update some provisions that are outdated. 3 MAS has conducted several public consultations on the policy positions implied by the amendments, as well as on the draft
- MAS
- Parliamentary Replies
Last revised date:
- QUESTION NO 5 NOTICE PAPER 142 OF 2014 FOR WRITTEN ANSWER Date: For Parliament Sitting on 29 May 2014 Name and Constituency of Member of Parliament Mrs Lina Chiam, NMP Question: To ask the Deputy Prime Minister and Minister for Finance what plans are in place to ensure that Singapore retains its leadership position in Southeast Asia in terms of (i) stock trading volume; and (ii) scores in business activity and the economic value of employee skill sets. Answer by Mr Tharman Shanmugaratnam, Deputy
- MAS
- Consultations
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- Response VIEW DOCUMENT Response to Feedback: Proposed Harmonisation of Securities Lending Rules (45.7 KB) Consultation Paper VIEW DOCUMENT Proposed Harmonisation of Securities Lending Rules (214.6 KB) RESPONSE TO FEEDBACK RECEIVED CONSULTATION ON PROPOSED HARMONISATION OF SECURITIES LENDING RULES Introduction 1 1.1 In December 2009, the Monetary Authority of Singapore (MAS) conducted a public consultation on the proposed harmonisation of securities lending rules across all
- MAS
- Guidance
Last revised date:
- Sets out MAS' recommendations to inspected banks and supervisory expectations of sound practices for effective transaction monitoring. MAS conducted a series of thematic AML/CFT inspections that examined the effectiveness of banks’ transaction monitoring (“TM”) frameworks and processes. This guidance paper reiterates the key recommendations by MAS to the inspected banks, setting out our supervisory expectations of sound practices for the effective conduct of TM. Additional context can be found in
- MAS
- Notices
Last revised date:
- Requirements and principles that govern insurers' investment activities. This notice applies to all licensed insurers. It sets out the requirements and principles that govern the oversight of investment activities of insurers, including the investments of their insurance funds and shareholders' funds. Amendment Notes 30 Sep 2022 Notice 125 (Amendment) 2022 (167.8 KB) takes effect. 22 Apr 2013 Notice 125 dated 22 Apr 2013 (182 KB) [Cancelled with effect from 30 Sep 2022] 22 Apr 2013 Notice 125 (Amendment
- PDPC
- Public Consultations
Last revised date:
- Mediacorp Pte Ltd 1 Stars Avenue, Singapore 138507 t +65 6333 3888 f +65 6251 5628 mediacorp.sg Company Registration Number: 199201312E VIA E-MAIL ONLY E-mail: corporate@pdpc.gov.sg No. of Page(s): 8 [Including this page] 17 July 2019 Personal Data Protection Commission Dear Sirs, PDPC’S PUBLIC CONSULTATION ON PROPOSED DATA PORTABILITY AND DATA INNOVATION PROVISIONS We refer to the above matter and are pleased to submit our views, enclosed herein, for the
- MAS
- Guidelines
Last revised date:
- Guidelines for financial institutions on managing their liquidity risk. Liquidity risk is the risk of an institution’s inability to meet its financial obligations as they fall due without incurring unacceptable cost or losses. These guidelines provide financial institutions with guidance on the key principles of, and sound practices for liquidity risk management. The guidelines cover: Governance and liquidity strategy. Policies and procedures for sound liquidity risk management. Measurement and management
- MAS
- Speeches
Last revised date:
- Date: 17 May 1999 Q1. In the statement it is mentioned that you want to keep the market share of domestic banks to 50%. How are you going to keep this and what is going to happen if it goes below 50%? A1. Well in the statement we have stated our position carefully. Firstly I think the way we have structured our package, we have given local banks some time to upgrade and adapt and make sure they hold their own. It is not an overnight freeing up of all restrictions; it is a phased adjustment. They