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
- Speeches
Last revised date:
- Ambassador David Adelman, US Ambassador to Singapore Lito Camacho, Vice Chairman Asia Pacific and Country CEO, Singapore Francesco de Ferrari, Head of Private Banking, Asia Pacific Distinguished guests Ladies and gentlemen Good morning. It is my pleasure to join you at Credit Suisse’s first Global Megatrends Conference. It is fitting to hold this conference in Singapore. As a small, open economy in the heart of Asia, we have always been acutely conscious of global trends and developments. Our attitude
- MAS
- Notices
Last revised date:
- Requirements for banks to comply with sections 31 and 33 of the Banking Act on a consolidated basis. This notice applies to all banks in Singapore. Banks are required to comply with sections 31 and 33 of the Banking Act on a consolidated basis, by aggregating assets, liabilities, profits or losses with those of their related corporations and companies. Amendment Notes 01 Jul 2021 MAS Notice 625 (Amendment) 2021 (586.2 KB) dated 28 June 2021 takes effect. 22 Nov 2004 MAS Notice 625 dated 22 October
- MAS
- Guidelines
Last revised date:
- Guidelines for financial advisers to safeguard the interest of clients when distributing life policies online without the provision of advice. These guidelines apply to all licensed financial advisers and exempt financial advisers. They set out the safeguards that financial advisers should put in place when distributing life policies online without advice which include: Offer of equivalent Direct Purchase Insurance products (DPI). Provision of key information. Provision of tools and calculators.
- MAS
- Orders
Last revised date:
- Payment Blocking Order to financial institutions, issued pursuant to section 21(3) of the Remote Gambling Act 2014. The Remote Gambling Act 2014 ("RGA") has been repealed with effect from 1 August 2022, with the reconstitution of the Gambling Regulatory Authority ("GRA") from the Casino Regulatory Authority ("CRA"). The relevant RGA sections were brought under the Gambling Control Act 2022 ("GCA"). RGA Order (4) dated 15 July 2020 remains in force after 1 August 2022 given the saving and transitional
- MAS
- Media Releases
Last revised date:
- Singapore, 23 March 2020... Singapore and Australia have agreed to enhance data connectivity in financial services between both countries under the Singapore-Australia Digital Economy Agreement (DEA). The DEA ensures that financial institutions operating in Singapore and Australia are able to transfer information that they generate or hold more seamlessly across borders. 2 The conclusion of negotiations for the DEA was jointly announced by the Prime Ministers of Singapore and Australia today. 3 Under
- MAS
- Media Releases
Last revised date:
- No More 1-Cent Coins from BCCS The Board of Commissioners of Currency, Singapore ("BCCS") will stop issuing 1-cent coins from 1 April 2002. However, the public can continue to use their 1-cent coins, as the coins will remain legal tender. 2 The 1-cent coin is not actively used by the public. Every year, more than 50 million pieces of new 1-cent coins are issued but only 3 million of these coins are returned to BCCS. SRA and CASE Support the Move 3 BCCS has consulted the Singapore Retailers
- MAS
- Letters to Editor
Last revised date:
- 27 March 2014 The Editor Business Times Dear Editor I refer to Mr Mak Yuen Tee’s letter “SGX should be more proactive against potential insider trading” (Business Times, 26 March 2014). Effective surveillance and robust investigations are part and parcel of the overall enforcement strategy in Singapore against capital market misconduct. We take a serious view of all market misconduct, including insider trading and market manipulation. MAS spares no effort in conducting investigations into possible
- MAS
- Letters to Editor
Last revised date:
- 21 October 2014 The Editor ST Forum Dear Editor, The Monetary Authority of Singapore (MAS) thanks Mr Tan Kin Lian for his views and agrees that the use of electronic payment (e-payment) modes should be encouraged in Singapore (“Cut down on cheque payments”, ST Forum, 16 October 2014). This is why we have been partnering the industry to implement various e-payment initiatives through the years, from GIRO to the recently launched FAST (Fast and Secure Transfers). These initiatives have showed good
- MAS
- Exemptions
Last revised date:
- Exemptions issued under s337(2) SFA - 3Q2019 1 Issue Date: 24 Oct 2019 EXEMPTIONS ISSUED PURSUANT TO SECTION 337(2) OF THE SECURITIES AND FUTURES ACT (CAP. 289) (SFA) For the period from 1 July 2019 to 30 September 2019 S/N Exemption granted Exemption provision No. of exemptions provided Date of exemption granted Description 14 Section 99(1)(h) of the SFA, read with section 337(2) of the SFA 15 July, 7 August, 27 September 2019 Exemption from requirement
- MAS
- Enforcement Actions
Last revised date:
- 1 On 15 September 2015, MAS reprimanded Willis (Singapore) Pte Ltd [“Willis”], a registered insurance broker under the IA, for contravention of section 35ZE of the IA. 2 Section 35ZE of the IA states that no registered insurance broker shall, in the course of its business as such, negotiate any contract of insurance with an insurer (directly or indirectly) except with a licensed insurer acting in the course of its business as such. MAS may, pursuant to section 35ZF of the IA, grant