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
- Notices
Last revised date:
- Requirements for financial advisers and their representatives with respect to the distribution of direct purchase insurance products. This notice applies to licensed financial advisers, exempt financial advisers and their representatives. It covers the following requirements in respect of the distribution of direct purchase insurance products: Implementation of safeguards. Provision of product information. Provision of avenues to address general queries. Implementation of internal policies and processes
- MAS
- Speeches
Last revised date:
- Ladies and gentlemen, good morning. I thank GIC for the invitation and am pleased to meet all of you. Why FinTech? About three-and-a-half years ago, the Monetary Authority of Singapore (MAS) made a momentous decision - to promote an innovative and dynamic financial sector by working with the industry to harness the power of technology. We saw that technology was transforming the way people live their lives, the way companies deliver products and services, and the way cities work and connect. Meanwhile
- MAS
- Speeches
Last revised date:
- Mr Derek Teo, President, GIA Distinguished guests, ladies and gentlemen INTRODUCTION 1 I am happy to be here celebrating your 40th anniversary with you. As we celebrate this important milestone, let us draw lessons from the past as we consider opportunities for the future. 2 From $44m in gross premiums in 1965, the general insurance industry has grown more than 60 times, writing premiums of $2.8bn in 2005. In real terms, the compound average growth rate is a credible 8.2%, just above Singapore's
- MAS
- Speeches
Last revised date:
- 1. Good morning to our guests from the industry and fellow agencies, and to our esteemed members of the Monetary Authority of Singapore (MAS) Cyber Security Advisory Panel. It is my pleasure to welcome all of you to the third MAS Cyber Security Advisory Panel meeting or CSAP in short. 2. To the panellists, thank you for taking time off from your busy schedules to attend this important meeting. I hope you enjoy your time here, both from the engaging discussions we will have, as well as the
- PDPC
Last revised date:
- A GUIDE TO NOTIFICATION 11 SEPTEMBER 2014 -------- A GUIDE TO NOTIFICATION CONTENTS PURPOSE OF THE GUIDE CHAPTER I: INTRODUCTION CHAPTER II: PRESENTATION AND LANGUAGE A. LAYOUT B. LANGUAGE C. LOCATION CHAPTER III: OBTAINING CONSENT CHAPTER IV: STATING PURPOSES CHAPTER V: OTHER TYPES OF EXAMPLES A. LUCKY DRAW B. CCTV NOTIFICATIONS 3 5 8 9 12 15 19 26 30 31 34 Page | 2 -------- A GUIDE TO NOTIFICATION PURPOSE OF THE
- PDPC
- Commission's Decisions
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- DECISION OF THE PERSONAL DATA PROTECTION COMMISSION Case Number: DP- 1409-A099 (1) (2) THE CELLAR DOOR PTE LTD (UEN No. 200001784C) GLOBAL INTERACTIVE WORKS PTE. LTD. (UEN No. 200822173M) ... Respondents Decision Citation: [2016] SGPDPC 22 GROUNDS OF DECISION 23 December 2016 A. BACKGROUND 1. On or around September 2014, the Personal Data Protection Commission (“Commission”) website (http://pastebin.com/jiQw38nU) known as “Pastebin”,
- PDPC
- Public Consultations
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- PDPC’s Public Consultation on Proposed Data Portability and Data Innovation Provisions Submission by Singapore Health Services Pte Ltd (SingHealth) Contact SingHealth Data Protection Office: pdpa@singhealth.com.sg 1 -------- Comments on Proposed Data Portability Obligation Q1. What are your views on the impact of data portability, specifically on consumers, market and economy? As public healthcare providers, much of our
- PDPC
- Commission's Decisions
Last revised date:
- PERSONAL DATA PROTECTION COMMISSION [2018] SGPDPC 8 Case No DP-1707-B0901 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 AIG Asia Pacific Insurance Pte. Ltd. … Organisation And DECISION -------- AIG Asia Pacific Insurance Pte. Ltd. Tan Kiat How, Commissioner — Case No DP-1707-B0901 3 May 2018 Background 1 On 30 June 2017, the Personal Data Protection Commission (the “Commission”) received a data breach
- PDPC
- Commission's Decisions
Last revised date:
- Financial penalties of $5,000 and $3,000 were imposed on The Cellar Door and its data intermediary, Global Interactive Works, for failing to make reasonable security arrangements to prevent unauthorised access of its customers’ personal data. The Cellar Door was also issued directions to conduct a security audit and to patch all identified vulnerabilities on its website. Click here to find out more. DECISION OF THE PERSONAL DATA PROTECTION COMMISSION Case Number: DP- 1409-A099 (1) (2) THE
- MAS
- Consultations
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- This consultation seeks views on proposals to enhance and update the complex products regime. Consultation Paper VIEW DOCUMENT Consultation Paper on Proposed Changes to Complex Products Regime (292.1 KB) This consultation seeks views on proposals to enhance and update the complex products regime. CONSULTATION PAPER P016-2021 November 2021 Proposed Changes to the Complex Products Regime Monetary Authority Of Singapore 1 -------- CONSULTATION PAPER ON PROPOSED CHANGES TO THE COMPLEX