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
- Speeches
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- Ravi Menon Managing Director, Monetary Authority of Singapore, Keynote Speech at the WMI Connection, Fullerton Hotel, Singapore 27 October 2011 Mr Ng Kok Song, Chairman of the Wealth Management Institute, distinguished guests, ladies and gentlemen, good evening. I am delighted to join you tonight, to celebrate the 8th anniversary of the Wealth Management Institute (WMI). And I want to add a special word of congratulations to the 258 graduates who have recently completed WMI programmes ranging from
- MAS
- Guidelines
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- These guidelines set out the scope of trust business activities and provides examples of what MAS considers to be: Creation of an express trust, or arranging for any person to act as a trustee. Providing trust administration services for an express trust.
- MAS
- Notices
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- Requirements for credit card or charge card licensees 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
- MAS
- Speeches
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- Distinguished Guests, Ladies and Gentlemen, Good Evening. I would like to extend my heartiest congratulations to Daiwa Securities Company on the opening of Daiwa Wealth Management office in Singapore. I am honoured to be able to join you here this evening for this joyous occasion. 2 Daiwa has a long history of operating in Singapore, having first set up operations in 1972 through a joint venture with DBS Bank Ltd. Today, all of Daiwa Securities Group's main subsidiaries have established presence
- MAS
- Speeches
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- Similar amendments will be made for business trusts in the Business Trusts Act. These provisions being introduced mirror the compulsory acquisition provisions in the Companies Act. 22 The Bill also introduces a new provision to protect REIT unitholders.
- This remedy is currently available in the Companies Act and the Business Trusts Act, and should be similarly afforded to REIT unitholders. Markets and Clearing Facilities 23 Sir, let me now turn to the amendments that deal with Singapore’s markets and clearing facilities.
- Similar amendments are being made to the disclosure requirements for interests in listed business trusts and real estate investment trusts. Lowering Minimum Investment Threshold Amount for Prospectus Exemption 20 Currently, offers of investment must be accompanied by a prospectus.
- MAS
- Speeches
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- Introduction 1 I would like to thank IMAS for inviting me to share some of my thoughts on the fund management industry in the region this afternoon. The fund management industry has witnessed major changes in the past decade: no doubt the pace of change and the challenges we all face will only intensify and become more complex over the next few years. This meeting of regional fund management industry associations provides a timely opportunity to review developments over the last few years,
- MAS
- Speeches
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- "Managing Amidst a Diversity of Challenges and Opportunities" Introduction Good morning ladies and gentlemen. I would like to first thank Mr. Thomas P. Donaldson, President of LOMA and Mr. Robert A. Kerzner, President of LIMRA, for inviting me to speak at this Conference. This morning, I would like to share my views on the diversity of challenges and opportunities which life insurers presently face, as well as how regulators can work in partnership with industry players to build a prudent yet
- MAS
- Monographs/Information Papers
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- The MAS Enforcement Report sets out the enforcement actions taken by MAS for the reporting period of January 2019 to June 2020. The report also gives an update on the progress of MAS' enforcement priorities for 2019/2020 and outlines MAS’ key enforcement priorities for 2020/2021. The report can be downloaded in full in PDF format and viewed and printed with Adobe® Acrobat® Reader. ENFORCEMENT REPORT JANUARY 2019 TO JUNE 2020 1 1 -------- CONTENTS 1 2 3 4 5 6 MAS Enforcement Principles
- MAS
- Notices
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- of which the underlying thing is (i) any share of a corporation that is listed on a specified exchange; (ii) any unit in a business trust that is listed on a specified exchange; (iii) any unit of a collective investment scheme that is listed on a specified exchange; or (i), (ii) or (iii
- , being (a) where the underlying thing of the certificate is any share of a corporation, unit in a business trust or unit in a collective investment scheme, that is listed on a specified exchange, a leverage factor of not more than 5 times; and (b) where the underlying thing of the certificate
- PDPC
- Help & Resources
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- This guide explains the accountability principle in the context of personal data protection and how organisations may demonstrate accountability for personal data in their care. It is important for organisations to shift from a compliance-based approach to an accountability-based approach in managing personal data. This helps organisations strengthen trust with the public, enhance business competitiveness and provide greater assurance to their customers, all of which are necessary factors for organisations