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 George Yeo Singapore Summit Conference Chairman Distinguished guests, ladies and gentlemen Welcome to the inaugural Singapore Summit. I am happy to see so many distinguished participants from around the world here with us this evening. It is a good time and a good place to take stock of developments in Asia and in the world. The last two decades have been a time of tremendous change, excitement and opportunities in Asia and in the world. It has become a more inter-connected and inter-dependent
- MAS
- Speeches
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- Monetary Policy at the Crossroads 1 Professor Tan Chorh Chuan, President of the National University of Singapore, distinguished guests, ladies and gentlemen, good morning, and welcome to the inaugural Asian Monetary Policy Forum. Thank you all for coming. 2 I would like to particularly thank Steve Davis of Chicago Booth and Bernie Yeung of NUS Business School. It was your vision and tireless effort that made this Forum possible. You have assembled here a dazzling array of eminent economists
- MAS
- Speeches
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- Good morning. Welcome to MAS’ annual report press conference. 2 I will touch on four broad areas today. First, growth and inflation, including asset prices; second, our regulatory measures to safeguard the interests of consumers of financial products; third, the growth of the financial sector and fourth, an overview of MAS’ financial results. 3 Let me start with the economy. MOMENTUM SLOWS BUT ECONOMY ON TRACK TO MEET 2-4% GROWTH FORECAST 4 The economy grew an average of 0.4% on q-o-q seasonally
- PDPC
- Advisory Guidelines
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- These Advisory Guidelines provide an explanation of how the DNC Provisions, which are set out in Part 9 of the PDPA, may apply in different scenarios and allows organisations and individuals to better understand the requirements. They should be read in conjunction with the Advisory Guidelines On Key Concepts and Advisory Guidelines for Selected Topics . The full document is available here . Chapters Listing Introduction (Part I) Definition of a Specified Message (Part II) Duty to Check the DNC Register
- MAS
- Speeches
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- Second Reading Speech by Mr Tharman Shanmugaratnam, Minister for Education and Deputy Chairman, Monetary Authority of Singapore Mr Speaker Sir, on behalf of the Senior Minister, I beg to move, "That the Bill be now read a second time". 2 Sir, this Bill seeks to amend the Financial Advisers Act ("FAA") concurrent with the amendments to the Securities and Futures Act ("SFA") that have been moved today. It aims to ensure that the regulation of Financial Advisers remains business friendly, while
- MAS
- Enforcement Actions
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- Singapore, 2 December 2020... The Monetary Authority of Singapore (MAS) has issued prohibition orders (POs) against two former insurance agents for dishonest conduct: Name Duration of POs Mr Chong Yoon Loi, former representative of Aviva Financial Advisers Pte Ltd (AFA) 4 years Mr Suresh Kannan, former representative of The Great Eastern Life Assurance Company Limited (GEL) 2 years 2 The POs were issued against these individuals following MAS’ investigations into their dishonest conduct involving
- PDPC
- Public Consultations
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- 1 April 2013 Chairman Personal Data Protection Commission Singapore Dear Sir, Symantec Submission to the Proposed Advisory Guidelines on Key Concepts in the Personal Data Protection Act By the Personal Data Protection Commission, Singapore Symantec is a global leader in providing security, storage and systems management solutions to help our customers – from consumers and small businesses to the largest global organizations – secure and manage their information and identities
- MAS
- Speeches
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- Mr Chan Chun Sing, Minister for Trade and Industry, Members of the IBF Council, distinguished guests, ladies and gentlemen, Welcome to the IBF Distinction Evening 2018. We are delighted to have Mr Chan Chun Sing as our Guest-of-Honour. Minister Chan, as you know, has played a leading role in the labour movement, to help prepare our workers for the future. And now Minister for Trade and Industry, he is leading Singapore’s economic development efforts. He will bring together his insights from these
- MAS
- Speeches
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- Mr Jamie Dimon, Chairman & CEO, JP Morgan Chase & Co Distinguished guests, ladies and gentlemen I am delighted to join you this evening to mark JP Morgan’s 50 years in Singapore. During these last 50 years, JPM Singapore has grown to become an important node in the bank’s global network. It is the Asia hub for commodities and treasury services. It is the hub for FX and private banking in South and Southeast Asia. JPM Singapore entities together employ about 2,800 people. This is projected to increase
- MAS
- Speeches
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- 1 Mr Speaker Sir, on behalf of the Senior Minister, I beg to move that the Bill be now read a second time. OVERVIEW 2 The House has just debated on the Deposit Insurance and Policy Owners’ Protection Schemes Bill (“DI-PPF Bill”), which will, among other things, strengthen protection to policy owners in the event of a failure of an insurer. In conjunction with the DI-PPF Bill, the Insurance (Amendment) Bill 2011 will amend the Insurance Act (Cap 142) to enhance MAS’ powers in relation to the