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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- PDPC
- Commission's Decisions
Last revised date:
- A financial penalty of $13,500 was imposed on SAP Asia for failing to put in place reasonable security arrangements to protect personal data of its former employees. This resulted in an unauthorised disclosure of the personal data to unintended recipients. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION [2021] SGPDPC 6 Case No. DP-2004-B6180 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And SAP Asia Pte. Ltd. DECISION
- MAS
- Consultations
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- Response VIEW DOCUMENT Response to Feedback: Proposed Revisions to the MAS Notices on the Prevention of Money Laundering & Countering The Financing of Terrorism (29.4 KB) Consultation Paper VIEW DOCUMENT Proposed Revisions to the MAS Notices on the Prevention of Money Laundering & Countering The Financing of Terrorism (54.7 KB) RESPONSE TO FEEDBACK CONSULTATION ON PROPOSED REVISIONS TO THE MAS NOTICES ON THE PREVENTION OF MONEY LAUNDERING & COUNTERING THE FINANCING OF TERRORISM Introduction
- MAS
- Media Releases
Last revised date:
- 1 The Government announced today a package of measures to cool the private residential and HDB resale markets. With effect from 16 December 2021, Additional Buyer’s Stamp Duty (ABSD) rates will be raised, and the Total Debt Servicing Ratio (TDSR) threshold will be tightened. The Government will also tighten the LTV limit for loans from HDB from 90% to 85%. In addition, the Government will increase public and private housing supply to cater to demand. 2 The Government has been closely monitoring
- MAS
- Media Releases
Last revised date:
- Singapore, 28 November 2003... The Monetary Authority of Singapore (MAS) today released a consultation paper on the proposed risk-based capital framework for insurance business and invites public comments. 2 Insurance companies are facing greater challenges in their businesses, particularly in terms of volatility of assets and diversity of insurance risks, as well as keener competition from other financial institutions. While the existing statutory solvency framework has served its purpose well
- MAS
- Enforcement Actions
Last revised date:
- The Monetary Authority of Singapore (“MAS”) withdrew V Wealth Capital Pte Ltd’s (“V Wealth”) status as a Registered Fund Management Company ("RFMC") under section 99(6)(a) of the Securities and Futures Act (Chapter 289) ("SFA") with effect from 20 May 2016. This means that V Wealth will no longer be permitted to carry on business in fund management in Singapore. 2 V Wealth is required to comply with the specific requirements in the SFA and the Second Schedule to the Securities and Futures (Licensing
- MAS
- Parliamentary Replies
Last revised date:
- QUESTION NO 1905 NOTICE PAPER 1215 OF 2022 FOR WRITTEN ANSWER Date: For Parliament Sitting on 4 July 2022 Name and Constituency of Member of Parliament Mr Chua Kheng Wee Louis, MP, Sengkang GRC Question: To ask the Prime Minister in each of the last five years and year-to-date, what is (i) the number of family offices registered in Singapore (ii) their aggregate business spending (iii) the amount of assets under management (AUM) held and (iv) the amount of their AUM invested locally. Answer by Mr
- MAS
- Speeches
Last revised date:
- 1 Introduction - the Global scene This is an extraordinarily challenging time for the global insurance industry. As Song Keng puts it, we are still experiencing the aftershock of 9-11. Equity markets have experienced steep falls. Interest rates are at or near historical lows. Some general insurers have had to make large provisions for increases in claims over the past few years. These factors have affected insurers in different markets to varying degrees. Eg. European insurers have been
- MAS
- Speeches
Last revised date:
- Good evening. Thank you for inviting me to join you here today at the Welcome Dinner for the ISSA Regional Meeting for the Asia-Pacific. First of all, I would like to welcome our overseas guests to Singapore. We have the pleasure of dining at one of the highest restaurants in Singapore, and I’m sure you’ll enjoy not only the food but the magnificent view as well. 2. I noticed on the agenda for the ISSA Regional Meeting tomorrow that the G30 and ISSA Recommendations will feature in some of the
- MAS
- Speeches
Last revised date:
- Good morning ladies and gentlemen. 2 I would like to thank Asia Insurance Review and the General Insurance Association of Singapore for organising this conference and for inviting me to address you this morning. 3 Motor insurance is a significant class of insurance business in most countries. In Singapore, it accounts for about a third of total premiums in the domestic insurance industry. As in most countries, it is a mandatory requirement for drivers to purchase motor insurance before they
- PDPC
- Commission's Decisions
Last revised date:
- Singapore Technologies Engineering was found not in breach of the PDPA in relation to the transfer of the personal data of its Singapore-based employees to its subsidiaries based in United States. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION [2020] SGPDPC 21 Case No. DP-2006-B6426 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And Singapore Technologies Engineering Limited Organisation DECISION -------- Singapore