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:
- Dr John Williams, President and CEO, the Federal Reserve Bank of San Francisco, Distinguished guests, colleagues, ladies and gentlemen, Good afternoon. And a warm welcome to Singapore and to the Symposium on Asian Banking and Finance, jointly organised by the MAS and the Federal Reserve Bank of San Francisco. Banking systems have returned to a more stable footing since the Global Financial Crisis. Banks are holding larger capital and liquidity buffers than before. Their return on equity (ROE) continues
- MAS
- FAQs
Last revised date:
- Provides guidance on the relief measures for the General Insurance and Health examinations and Continuing Professional Development requirements under the Insurance Act relating to COVID-19 situation. Frequently Asked Questions (FAQs) on Relief Measures Relating to COVID-19 Situation General Insurance and Health examinations and Continuing Professional Development requirements Q1 Due to the COVID-19 situation and given that SCI has suspended its onsite examinations
- MAS
- Notices
Last revised date:
- Requirements and standards for life insurers providing financial advisory services. This notice applies to all direct life insurers which provide financial advisory services as defined under the Financial Advisers Act. It sets out requirements for: Appointment of representatives; Maximum tier structure; Training and competency of representatives; Loans and advances to representatives; Compliance unit; Disciplinary action; Attribution of income and expenses; Amendment Notes 19 Feb 2021 MAS 306 (Amendment
- PDPC
- Commission's Decisions
Last revised date:
- A warning was administered to a registered salesperson of an estate agency for failing to (i) obtain clear and unambiguous consent; or (ii) check the Do Not Call Register before sending specified messages to individuals registered on the Do Not Call Register. Click here for more information. PERSONAL DATA PROTECTION COMMISSION [2023] SGPDPC 8 Case No. ENF-DNC-221129-0007 & Others In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And
- MAS
- Notices
Last revised date:
- Requirements for insurers when granting an unsecured non-card credit facility to an individual. This notice applies to all direct insurers in Singapore. It sets out the requirements a direct insurer has to comply with when granting an unsecured non-card credit facility to an individual. Amendment Notes 06 November 2020 Notice 118 (Amendment No.2) 2020 (238.6 KB) takes effect from 9 November 2020. 05 May 2020 Notice 118 (Amendment) 2020 (470.7 KB) takes effect from 6 May 2020. 30 May 2017 Notice 118
- MAS
- Media Releases
Last revised date:
- 26 Jan 1999...Members of the Monetary Authority of Singapore's International Advisory Panel (MAS IAP) endorsed Singapore's financial sector reforms and strategies at the close of their one-and-a-half day inaugural meeting at the MAS. The panel, chaired by Mr J Y Pillay, comprised renowned leaders in international finance drawn from the US, Europe and Japan. (Please see Appendix.) The IAP discussed MAS' overall financial sector reforms, directions in banking, and specific strategies for the debt
- MAS
- Parliamentary Replies
Last revised date:
- Issues Raised in Parliament ANSWER TO PARLIAMENTARY QUESTION ON: Plans to Speed Up and Further Liberalise the Banking Sector to Foreign Competition For Parliament Sitting on 11 Feb 1999 Question: To ask the Deputy Prime Minister whether there are other plans to speed up and further liberalise the banking sector to foreign competition following the recommendation of the Monetary Authority of Singapore International Advisory Panel (IAP). 1 The MAS is liberalising the domestic banking sector, to allow
- MAS
- Media Releases
Last revised date:
- Singapore, 1 Feb 2000 - The Monetary Authority of Singapore's International Advisory Panel (IAP) identified challenges and opportunities for Singapore's financial sector during their one-and-a-half day meeting in Singapore. The IAP, chaired by Mr J Y Pillay, comprised leading figures in international finance from the US, Europe and Japan. The list of IAP members who attended this year's meeting is at Annex 1 . 2 The IAP agreed that consolidation in the global financial industry would continue
- MAS
- Speeches
Last revised date:
- 1 Mr John Lim, Past Chairman, Singapore Institute of Directors (“SID”), Professor Lawrence Loh, Centre for Governance and Sustainability (“CGS”), NUS Business School, Ladies and gentlemen, a very good morning to you. 2 Thank you for taking time to attend this briefing and for having me join you today. 3 I would first like to thank SID and CGS for your continuous partnership with MAS to enhance corporate governance (“CG”) practices in Singapore. The ASEAN Corporate Governance Scorecard
- PDPC
- Public Consultations
Last revised date:
- RESPONSE TO CONSULTATION PAPER Consultation Topic: Organisation: Contact number for any clarifications: Email address for any clarifications: Public Consultation For Approaches To Managing Personal Data In The Digital Economy (issued 27 July 2017) Tokio Marine Life Insurance Singapore Ltd. 6592 5707 Henry.Koh@tokiomarine-life.sg S/N Questions: 1 Should the PDPA provide for Notification of Purpose as a basis for collecting, using and disclosing personal data without consent