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

    Last revised date:

    • Mr. Loh Boon Chye, Chief Executive Officer, Singapore Exchange (SGX), Dr. Urs Ruegsegger, Chairman, The World Federation of Exchanges, Ms. Nandini Sukumar, Chief Executive Officer, The World Federation of Exchanges, Ladies and gentlemen, good morning. Introduction 1     Let me begin by welcoming you to Singapore for the World Federation of Exchanges 59th General Assembly and Annual Meeting. 2     Exchanges have a long and illustrious history, dating back to the establishment of the Amsterdam Stock
    • PDPC
    • Commission's Decisions

    Last revised date:

    • A financial penalty of $16,800 and Directions were imposed on a registered salesperson of an estate agency for failing to obtain consent and inform individuals of the purposes for collecting and using their personal data. Click here for more information. PERSONAL DATA PROTECTION COMMISSION [2023] SGPDPC 14 Case No. DP-2211-C0404 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And Lee Chee Meng DECISION Organisation
    • MAS
    • Consultations

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    • Consultation Paper VIEW DOCUMENT Consultation Paper on Draft Public Disclosure Requirements for Regulatory Capital (2.82 MB) CONSULTATION PAPER P001-2022 March 2022 Draft Public Disclosure Requirements for Regulatory Capital for Singapore-incorporated Banks Monetary Authority Of Singapore 1 -------- CONSULTATION PAPER ON DRAFT PUBLIC DISCLOSURE REQUIREMENTS FOR REGULATORY CAPITAL
    • PDPC
    • Public Consultations

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    • Responses to the Consultation Paper on Approaches to Managing Personal Data in the Digital Economy Date: 2 October 2017 RESPONSE TO CONSULTATION PAPER Consultation Topic: Consultation Paper on Approaches to Managing Personal Data in the Digital Economy (the “Consultation Paper”) Name1/Organisation: The Bank of New York Mellon, Singapore Branch 1if responding in a personal capacity Contact number clarifications: address Email clarifications: for any 6432-0213 for
    • MAS
    • Speeches

    Last revised date:

    • Ladies and Gentlemen, Good evening. I am very pleased to join you today at the official opening of Marsh & McLennan Companies’ new home in Asia Square. Understanding Risks, Charting the Future 2      Your new office is an affirmation of Marsh & McLennan’s rapid growth since entering Singapore almost 40 years ago. It also marks the increasing importance of Singapore as a leading insurance marketplace. 3      Asia will be home to more than half of the world’s most dynamic cities over the next decade
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 12 December 2019… The Monetary Authority of Singapore (MAS), the General Insurance Association of Singapore (GIA), the Life Insurance Association (LIA) and the Singapore Reinsurers’ Association (SRA), announced today the establishment of the Insurance Culture and Conduct Steering Committee (ICCSC) to foster sound culture and strengthen standards of conduct among insurers in Singapore. 2     MAS is deepening its engagement with insurers to promote (i) prudent risk-taking and robust risk
    • MAS
    • Forms and Templates

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    • Form for a benchmark administrator to notify MAS when it intends to stop being an administrator for a benchmark, or to notify of a change in company particulars. SECURITIES AND FUTURES ACT (CAP. 289) FORM 2 SECURITIES AND FUTURES (FINANCIAL BENCHMARKS) REGULATIONS 2018 REGULATION 14 NOTICE OF CHANGE OF PARTICULARS FOR AUTHORISED OR EXEMPT BENCHMARK ADMINISTRATORS Explanatory Notes 1. Please read the explanatory notes and questions carefully before completing
    • MAS
    • Notices

    Last revised date:

    • This Notice sets out the criteria that the MAS will apply when considering an application to approve the Rules of a designated system under the Payment and Settlement Systems (Finality and Netting) Act. Amendment Notes There are no amendment notes for this notice. 1. 2. 3. 4. 5. MAS NOTICE FNA-N01 ISSUE DATE: 8 APRIL 2019 INTRODUCTION NOTICE ON CRITERIA OF RULES OF A DESIGNATED SYSTEM PAYMENT AND SETTLEMENT SYSTEMS (FINALITY AND NETTING) ACT (CAP. 231) This Notice
    • MAS
    • FATF Statement

    Last revised date:

    • On 21 June 2019, the Financial Action Task Force (FATF), of which Singapore is a member, issued an updated Public Statement that highlights the strategic deficiencies in the anti-money laundering/combating the financing of terrorism (AML/CFT) regimes of the Democratic People’s Republic of Korea (DPRK) and Iran. On DPRK, the FATF remains concerned by its failure to address the significant deficiencies in its AML/CFT regime and the serious threats they pose to the integrity of the international financial
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 8 September 2005...The Monetary Authority of Singapore (MAS) today issued Corporate Governance Regulations ("Regulations") and Guidelines on Corporate Governance ("Guidelines").  The Regulations and Guidelines are enhancements to existing corporate governance requirements for banks, financial holding companies and direct insurers. 2   The Regulations, which are mandatory, form the minimum corporate governance standards for banks, financial holding companies and significant insurers 1 incorporated