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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    • PDPC
    • Commission's Decisions

    Last revised date:

    • A financial penalty of $6,000 was imposed on an individual for selling a database containing personal data, without notifying the individuals involved. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION [2018] SGPDPC 1 Case No DP-1701-B0485 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And Sharon Assya Qadriyah Tang DECISION Organisation -------- Sharon Assya Qadriyah Tang [2018] SGPDPC 1 Tan Kiat
    • MAS
    • Economic Essays

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    • This study was published as Special Feature B in the April 2018 Macroeconomic Review. 82 Macroeconomic Review, April 2018 Special Feature B Finance, Growth And Economic Prosperity by Ross Levine1 The Questions Do financial institutions and markets contribute to economic growth and prosperity, or are they simply casinos where the rich come to place their bets? While there is little doubt that finance is a cornerstone of capitalism, there is considerable debate
    • MAS
    • Speeches

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    •  Opening Address by Mr Lim Hng Kiang, Minister for Health and 2nd Minister for Finance Singapore Exchange Investment Fair 2000, 8 Sep 2000 at 9.00 am at Singapore International Convention and Exhibition Centre Distinguished guests, ladies and gentlemen, I am pleased to be able to join you this morning at the opening of the Singapore Exchange [SGX] Investment Fair 2000. 2   You would all be well aware of the tremendous changes the securities and futures industries are undergoing worldwide. Technology
    • MAS
    • Parliamentary Replies

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    • Issues Raised in Parliament ANSWER TO PARLIAMENTARY QUESTION ON: Banking Ombudsman For Parliament Sitting on 30 Jul 1998 Question: To ask the Deputy Prime Minister whether the Government will consider the appointment of a Banking Ombudsman to make banks more accountable to their customers. Answer: 1. There is no need to appoint a Banking Ombudsman. 2. Banking is a competitive industry in Singa-pore. 153 banks operate here. Of these, 34 are full licensed banks, including 22 foreign-owned banks. They
    • MAS
    • Media Releases

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    •  Singapore, 17 April 2002. The Monetary Authority of Singapore (MAS) announced today two new initiatives as part of its on-going efforts to strengthen Singapore's capital markets. MAS is introducing a new risk?based capital (RBC) framework for Singapore Exchange (SGX) members with capital requirements more directly related to the risks arising from the business activities of each firm. The new framework has been benchmarked against international best practices, tested with actual data from SGX members
    • MAS
    • Media Releases

    Last revised date:

    •  Singapore Exchange Ltd (SGX) and the Monetary Authority of Singapore (MAS) today announced details of the SGX-MAS Research Incentive Scheme.  The scheme aims to enhance research coverage of stocks listed on SGX and provide investors with more information to facilitate their investment decisions. Companies listed on SGX and all qualified research firms are eligible for the scheme, subject to the approval of SGX and MAS.  Under the scheme, each participating research firm will provide regular research
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 29 August 2017… Establishing interoperable electronic payments and developing a common QR code for Singapore were two key topics that the Payments Council discussed at its inaugural meeting on 11 August 2017. Establishing interoperable electronic payments 2   The Council noted electronic payments as a strategic enabler to enhance business operations and provide greater convenience for citizens, as part of Singapore’s Smart Nation agenda. 3   Council members noted that usage of e-payments
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 13 July 2020… The Monetary Authority of Singapore (MAS) and Temasek today jointly released a report to mark the successful conclusion of the fifth MAS announced the fifth phase of Project Ubin on 11 November 2019, following the successful development of a blockchain-based prototype for multi-currency payments. Please see link to MAS’ media release for more details. and final phase of Project Ubin. The report “ Project Ubin Phase 5: Enabling Broad Ecosystem Opportunities (3.53 MB) ”, provides
    • PDPC
    • Public Consultations

    Last revised date:

    • 13 JUNE 2013 PUBLIC CONSULTATION ON THE PROPOSED BUSINESS OPERATION OF THE DO NOT CALL REGISTRY (“DNC Registry”) Submitted by Lee & Lee Contact persons: Tan Tee Jim, S.C. Zechariah Chan Jin Han Francis Lim Teck Wee LEE & LEE 50 RAFFLES PLACE #06-00 SINGAPORE LAND TOWER SINGAPORE 048623 TEL: +65 6220 0666 FAX: +65 6221 9712 -------- We welcome the enactment of the Personal Data Protection Act 2012 (the “PDPA”) and set out below
    • PDPC
    • Public Consultations

    Last revised date:

    • Public Consultation for Approaches to Managing Personal Data in the Digital Economy Jul-Sep 2017 Macquarie Response We welcome the efforts by the Personal Data Protection Commission (PDPC) in issuing this consultation paper to review the Personal Data Protection Act (PDPA). Macquarie appreciates the opportunity to provide comments on the proposals, specifically in relation to question five, which we set out on the next two pages. As background, Macquarie Group