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
    • Forms and Templates

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    • Approved Holding Company - Form 3 Information on Shareholders and Subsidiaries SECURITIES AND FUTURES ACT (CAP. 289) SECURITIES AND FUTURES (APPROVED HOLDING COMPANIES) REGULATIONS 2005 REGULATION 6(a) INFORMATION ON SHAREHOLDERS AND SUBSIDIARIES FORM 3 Explanatory Notes 1. Please read the explanatory notes and questions carefully before completing the form. 2. All questions must be answered. If a question is not applicable, please mark N.A. in the space provided.
    • MAS
    • Forms and Templates

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    • Clearing Facilities - Form 3 Information on Shareholders and Subsidiaries SECURITIES AND FUTURES ACT (CAP. 289) SECURITIES AND FUTURES (CLEARING FACILITIES) REGULATIONS 2013 REGULATION 6(a) INFORMATION ON SHAREHOLDERS AND SUBSIDIARIES FORM 3 Explanatory Notes 1. Please read the explanatory notes and questions carefully before completing the form. 2. All questions must be answered. If a question is not applicable, please mark N.A. in the space provided. If
    • MAS
    • Forms and Templates

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    • Trade Repositories - Form 3 Information on Shareholders and Subsidiaries SECURITIES AND FUTURES ACT (CAP. 289) SECURITIES AND FUTURES (TRADE REPOSITORIES) REGULATIONS 2013 REGULATION 6(a) INFORMATION ON SHAREHOLDERS AND SUBSIDIARIES FORM 3 Explanatory Notes 1. Please read the explanatory notes and questions carefully before completing the form. 2. All questions must be answered. If a question is not applicable, please mark N.A. in the space provided. If
    • MAS
    • Notices

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    • Requirements for all banks in Singapore when making provisions for and writing off bad debts. This notice sets out the requirements for all banks in Singapore to: Maintain adequate provisions for bad and doubtful debts. Seek MAS' approval before writing off bad debts to certain related parties. Amendment Notes 01 Jan 2005 MAS Notice 606 (Amendment) 2004 takes effect. 11 Nov 2002 MAS Notice 606 dated 11 November 2002 is issued. 11 Nov 2002 MAS Notice 606 dated 21 February 1978 is cancelled. 21 Jul
    • MAS
    • Economic Essays

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    • By the Economic Policy Group, Monetary Authority of Singapore This study was published as Special Feature A in the October 2020 Macroeconomic Review. 92 Macroeconomic Review | October 2020 Special Feature A Asian Monetary Policy Forum 20201 1 Introduction The 7th Asian Monetary Policy Forum was conducted virtually on 12 June 2020. As in past years, it was convened under the auspices of the Asian Bureau of Finance and Economic Research (ABFER) and co-organised by the University
    • MAS
    • Consultations

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    • To consult on the draft notices on the competency requirements for representatives conducting regulated activities under the Financial Advisers Act and Securities and Futures Act. Consultation Paper VIEW DOCUMENT Consultation Paper on Draft Notices on the Competency Requirements for Representatives Conducting Regulated Activities under the Financial Advisers Act and Securities and Futures Act (284.9 KB) CONSULTATION PAPER P006 - 2020 September 2020 Draft Notices on the Competency Requirements
    • MAS
    • Consultations

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    • This paper sets out MAS’ policy thinking regarding the overall regulatory approach on stablecoin-related issuance and intermediation activities, and highlights the key requirements that will be imposed on such activities. MAS invites comments from interested parties on the proposals set out in the consultation paper. Consultation Paper VIEW DOCUMENT Consultation Paper on Proposed Regulatory Approach for Stablecoin-Related Activities (1.35 MB) CONSULTATION PAPER P009 - 2022 October 2022 Proposed
    • MAS
    • Speeches

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    •  Speech by the 2nd Minister For Finance, Mr Lim Hng Kiang, at the 25th Anniversary Dinner of the Singapore Financial Markets Association, Westin Plaza Hotel,13 Nov 1998 Mr Ronny Tan, Chairman SFMA; Mr Heering Ligthart, President of ACI - The Financial Markets Association; Distinguished guests; Ladies and Gentlemen Overview of the Treasury Industry I am pleased to join you this evening for your silver jubilee dinner. In the 25 years since the Forex Association was founded, Singapore's foreign exchange
    • MAS
    • Speeches

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    • Professor Ravi Kumar, Dean, Nanyang Business School Professor Shaun Wang, Director, Insurance Risk and Finance Research Centre at the Nanyang Technological University and Chairman for today’s conference Ladies and gentlemen, good morning. A. Global Cyber Risk Landscape 1   Thank you having me this morning at the Asia Cyber Risk Summit. At some point, most (if not all) of us would have been targets of a cyber attack, even if it was something as simple as a phishing email. 2 Today’s cyber attacks are
    • MAS
    • Speeches

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    • Distinguished guests, ladies and gentlemen.  Thank you very much for joining us at the launch of the tripartite advisory on human capital practices for banking . 1   Let me begin with a quick overview of Budget 2018 to set the context of my speech. When Finance Minister Heng Swee Keat delivered the Budget a couple of weeks ago, he talked about the three big shifts that are coming our way. First, the shift of global economic weight towards Asia; Second, the emergence of new technologies; and Third