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
- Speeches
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- Based on our business trust regime introduced earlier, we saw the listing of the world’s first shipping trust, with another two following soon after.
- The first infrastructure trust in Asia, also based on the Business Trust regime, was listed in February 2007. 9 On the prudential supervision front, we continued to work towards strengthening the stability and resilience of our financial markets by enhancing our risk-based approach to supervision,
- MAS
- Consultations
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- Any trustee-manager of a business trust that is registered under the Business Trusts Act (Cap. 31A).
- Any person exempt from the requirement to hold a trust business licence in respect of the carrying on of trust business under section 15(1)(d) of the Trust Companies Act and regulation 4(1) of the Trust Companies (Exemption) Regulations.
- repository under the Securities and Futures Act, a person who may participate in one or more of the services provided by such entities; or (c) in relation to a licensed trust company under the Trust Companies Act (Cap. 336), a trust for which the trust company provides trust
- MAS
- Consultations
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- Response VIEW DOCUMENT Response to Feedback Received on Consultation Paper on Second Deposit Insurance (83.9 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Second Deposit Insurance (153.5 KB) RESPONSE TO FEEDBACK RECEIVED - SECOND CONSULTATION ON DEPOSIT INSURANCE On 23 April 2004, MAS released the second consultation paper on the establishment of a deposit insurance ("DI") scheme in Singapore. The first consultation paper, issued in August 2002, discussed key features of the scheme
- MAS
- FAQs
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- Clarifications on the definition of Accredited Investor under the Securities and Futures Act and application of the opt-in regime. This set of FAQs seeks to clarify the definition of an accredited investor (AI) and the transition arrangement, the persons prescribed as AIs, and the application of the opt-in and opt-out process. Monetary Authority of Singapore SECURITIES AND FUTURES ACT (SFA) AND FINANCIAL ADVISERS ACT (FAA) FREQUENTLY ASKED QUESTIONS (FAQs) ON THE DEFINITION OF ACCREDITED
- MAS
- Notices
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- Requirements for financial institutions dealing in precious stones and precious metals 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 or activities 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
- MAS
- Speeches
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- Keynote Address by Mrs Hauw Soo Hoon, Executive Director (Insurance), Monetary Authority of Singapore Flight to Quality: A Reality Check Good morning, ladies and gentlemen. It is a pleasure to join you here today. Among the audience here today are some who have been in the life broking business for many years. There are also those who are presently in the tied agency system but with aspirations to become financial advisors with the coming into force of the Financial Advisors Act (FAA). For this
- MAS
- Speeches
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- (II) Promoting more effective disclosure for retail investment products (a) Product Highlights Sheet (Sections 240AA and 296A) 6 Under Part XIII of the SFA, offers of shares and debentures, business trusts (“BT”) and collective investment schemes (“CIS”) to retail investors must be accompanied with
- The amendments will enhance the regime governing advertisements by empowering MAS to prescribe additional requirements and restrictions on advertisements in relation to certain offers of shares, debentures, BT and CIS. 5 (d) Prohibition on use of terms “capital/principal protected” (Section 309C) 9
- trusts and units in real estate investment trusts. 3 In the interim, the Guidelines on the Product Highlights Sheet (SFA G13-10) has been issued to provide guidance to issuers and their professional advisers on the form and content of the PHS. 4 The current requirement to lodge these documents with
- MAS
- Speeches
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- 1 Ladies and gentlemen, good morning. Welcome to the industry roundtable on culture and conduct practices and incentive structures. 2 Globally, public confidence and trust in banks have fared poorly in the past decade. Repeated revelations of gross misconduct and unethical practices have made that trust, which was stronger in earlier years, hard to regain. In the 2019 Edelman Trust Barometer, the financial services sector was once again the least-trusted sector amongst 15 sectors. 3 Building
- MAS
- Notices
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- Requirements for digital payment token service providers on anti--money laundering (AML) and countering the financing of terrorism (CFT) Digital payment token service providers 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
- Guidelines
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- that is 0.1% or more of the value of the trust property of the business trust or the REITs asset value).
- If the Issuer is a real estate investment trust (REIT) or a business trust (BT), provide a summary of the Issuers portfolio of assets, including the valuation amount with and without income support yield enhancement arrangements (if applicable).