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....
Showing 3926 Documents for "business trust"
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- MAS
- Enforcement Actions
Last revised date:
- 1 On 26 September 2014, MAS reprimanded Aon Singapore Pte Ltd (“Aon”), a registered direct insurance broker under the IA, for contravention of section 35W of the IA. 2 Section 35W of the IA states that no person shall carry on business as any type of insurance broker in Singapore unless the person is registered by MAS as that type of insurance broker or exempted from registration under section 35ZN of the IA. 3 Aon had contravened section 35W of the IA as it had carried on business
- MAS
- Media Releases
Last revised date:
- Singapore, 2 April 2013…The Monetary Authority of Singapore (MAS) and the People’s Bank of China (PBC) have signed a Memorandum of Understanding (MOU) on Renminbi (RMB) Business Cooperation. Under the MOU, MAS and PBC will cooperate closely in reviewing the conduct of RMB businesses and clearing arrangements in Singapore. The two central banks also agree to establish a regular dialogue to review RMB liquidity conditions and discuss issues concerning the stability of the RMB market. 2 PBC has also
- MAS
- Letters to Editor
Last revised date:
- 27 April 2015 The Editor, The Business Times We refer to your article “Lessons from the KepLand takeover” (The Business Times, 17 April 2015). The article suggested that future offerors, who want to adopt a two-tier offer, consider an “early bird” clause where only shareholders who accept the lower price within a specified time frame would be guaranteed the second, higher price. The article stated that there is no express exclusion of such arrangements in the Singapore Code on Takeovers and Mergers
- MAS
- Enforcement Actions
Last revised date:
- 1 On 5 May 2014, Coutts & Co Ltd [“Coutts SG”] paid a composition amount of $30,000 in respect of a contravention of section 99B(3)(a) of the SFA. 2 Section 99B(3)(a) of the SFA stipulates that a principal shall not permit any individual to carry on business in any type of regulated activity on its behalf unless the individual is an appointed representative, provisional representative or temporary representative in respect of that type of regulated activity. 3 Coutts SG
- MAS
- Letters to Editor
Last revised date:
- Dear Editor, I refer to the letter from Mr Tan Huang Meng (“Do we have backup if bank breaches occur?”, Straits Times, 24 July) asking if banks in Singapore have adequate measures to deal with situations when customer information is deleted or corrupted. Let me assure Mr Tan that banks in Singapore have robust processes to back-up their data as part of their business continuity plans. They regularly test and validate their business continuity to ensure that all critical banking services can be recovered
- SSO
- Legislation
Last revised date:
- Compliance with Act 11. —(1) In meeting its responsibilities under this Act, an organisation shall consider what a reasonable person would consider appropriate in the circumstances. (2) An organisation is responsible for personal data in its possession or under its control. (3) An organisation shall designate one or more individuals to be responsible for ensuring that the organisation complies with this Act. (4) An individual designated under subsection (3) may delegate to another individual
- MAS
- Speeches
Last revised date:
- Shanghai Municipal Financial Regulatory Bureau, Director General Dr Zheng Yang Distinguished speakers and guests Ladies and gentlemen, good afternoon. Introduction 1 First, let me thank the Shanghai Municipal Financial Regulatory Bureau (“SFRB”) for hosting the 4th Shanghai-Singapore Financial Forum. It is a great pleasure to see our good friends from Shanghai and Singapore at the forum today. Bilateral cooperation between Singapore and China 2 Over the last five years of China-Singapore financial
- MAS
- Speeches
Last revised date:
- Asia's Growth Strategy - Key Pillars Ladies and Gentlemen, Almost a decade after the Asian financial crisis, the region has moved ahead. Economies in Southeast Asia have recovered, exports are growing, and consumer and investor confidence have returned. Japan's recovery is continuing, and new powerhouses of growth are emerging in China and India. While the term "Asian Miracle" may sound old-fashioned today, Asian economies - led by China and India - continue to be among the fastest growing economies
- MAS
- Media Releases
Last revised date:
- 1 The Minister for Trade & Industry and Deputy Chairman of the Monetary Authority of Singapore (MAS) today moved the Banking (Amendment) Bill ("the Bill") for first reading in Parliament. The Bill will be read a second time and discussed at the next available Parliamentary sitting. Overview 2 As part of its on-going review of the banking regulatory and legislative framework, MAS is introducing several new policies and measures to strengthen prudential safeguards, facilitate risk-based supervision
- MAS
- Speeches
Last revised date:
- Your Excellencies, distinguished guests, ladies and gentlemen, good morning. And to all our foreign guests, a warm welcome to Singapore. Introduction 1 I am honoured to be invited to deliver the opening address for the 4th WIBC Asia Summit. Since its inauguration, I am pleased to see that the Conference has grown in participation and stature, with attendance nearly doubled since 2010. Continued Growth of Islamic Finance 2 When this conference convened in Singapore this time last year, one key