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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- Mr Raymond Ng, Congress Chairman Mr Vincent Ee, AFA President Distinguished guests, ladies and gentlemen Introduction 1 Thank you for inviting me to speak at the 14th Annual Conference of the Association of Financial Advisers or AFA. The theme for this year’s conference is “Mission Possible”. Indeed, as the financial advisory (FA) industry begins its implementation of the recommendations from the Financial Advisory Industry Review or FAIR, we will be taking an important step towards raising overall
- MAS
- Speeches
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- Ravi Menon Managing Director, Monetary Authority of Singapore Keynote Address at Life Insurance Association 50th Anniversary Gala Dinner Raffles City Convention Centre 26 March 2012 LIA President, Mr Tan Hak Leh Distinguished guests, ladies and gentlemen, good evening. Role of Life Insurance and Financial Advisory Services Saving for the future, investing for returns, and protecting against risk – these are the fundamentals of managing our finances. Yet so few of us do it well. We are far better
- MAS
- Consultations
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- A number of REITs have adopted the stapled securities structure where units in a REIT are stapled to units in a business trust [BT].
- While the REIT and the BT continue to exist as separate entities under the stapled securities structure, the stapled group would trade as one counter and share the same investor base. 5.7.
- This statutory obligation is also in line with the requirements on a trustee-manager and its directors, under the Business Trusts Act (Chapter 31A). B. 1.3.
- MAS
- Consultations
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- For the purpose of paragraph 1.1, transferable securities refer to: shares or securities equivalent to shares; and i) Guidance Shares include units in a business trust.
- MAS also notes that unlike REITs, companies and business trusts that are relying on the equivalent exemption (i.e. section 275 of the SFA) are not subject to any notification requirements.
- This will streamline the fundraising process for REITs and bring it in line with the fundraising process for companies and business trusts. 3.19 To implement this proposal, MAS has introduced amendments to the Securities and Futures (Offers of Investments) (Collective Investment
- MAS
- Speeches
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- Distinguished guests, ladies and gentlemen, Thank you for having me with you at this Private Debt Investor’s APAC Forum. We convene today at an unusual and uncertain time. The global economy muddled through 2022 with geopolitical tensions and inflationary pressures. Entering 2023, there is a cautious sense of optimism, that the worst of the Covid-19 pandemic is finally behind us, as the world’s second largest economy finally opened up after an extended lock-down. Three months on, a crisis of confidence
- MAS
- Notices
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- trust has the same meaning as in section 2 of the Business Trusts Act (Cap. 31A); collective investment scheme has the same meaning as in section 2(1) of the Securities and Futures Act (Cap. 289); corporation has the same meaning as in section 4(1) of the Companies Act (Cap.
- trust registered with the Authority under the Business Trusts Act (Cap. 31A); (iii) debentures or stocks issued or proposed to be issued by a government; (iv) debentures, stocks or shares issued or proposed to be issued by a corporation or body unincorporated; -------- (v) structured
- trust has the same meaning as in section 2 of the Business Trusts Act collective investment scheme has the same meaning as in section 2(1) of the Securities and Futures Act (Cap. 289); corporation has the same meaning as in section 4(1) of the Companies
- MAS
- Notices
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- Requirements for direct life insurers to exercise due diligence and conduct their business with high ethical standards, to guard against money laundering and terrorism financing. This notice applies to all direct life insurers in relation to their life policies. It sets out: Requirements on money laundering and terrorism financing risk assessment and mitigation measures. Customer due diligence (CDD) measures required before and after establishing business relations with any customer. Requirements
- MAS
- Consultations
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- trust.
- MAS Response 2.4 Amendments to the SF(RDC)R have been made to the definition of equity derivatives contracts to clarify that debentures, shares, units in a business trust or collective investment schemes are not included.
- MAS
- Exemptions
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- Information for issuers and their professional advisers on offers of collective investment schemes in Singapore. Page 1 of 10 PRACTITIONER'S GUIDE TO THE COLLECTIVE INVESTMENT SCHEMES REGIME UNDER THE SECURITIES AND FUTURES ACT (CAP. 289) (Last updated on 13 March 2020) Offers of collective investment schemes, as defined in section 2 of the Securities and Futures Act (Cap. 289) (the SFA), are regulated under Division 2, Part XIII of the SFA. Type of investors
- MAS
- Media Releases
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- Singapore, 11 July 2023… The Monetary Authority of Singapore (MAS) and the National Bank of Cambodia (NBC) have signed a Memorandum of Understanding (MoU) to collaborate on a Financial Transparency Corridor (FTC) initiative. The initiative aims to establish supporting digital infrastructures to facilitate trade and cross-border related financial services between small and medium-sized enterprises (SMEs) in Singapore and Cambodia. 2. Under the FTC, a Singapore financial institution, in assessing financing