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
- Media Releases
Last revised date:
- Beijing, 13 May 2019… The Monetary Authority of Singapore (MAS) and the Asia-Pacific Future Financial Research Institute (AFF) AFF, a leading think tank in China, focuses on research relating to future financial evolution. have signed a FinTech Co-operation Agreement to promote academic exchanges, information sharing and research co-operation on FinTech. It aims to encourage greater collaboration between business communities, academia and think tanks from Singapore and China. 2. Under the Agreement
- MAS
- Economic Essays
Last revised date:
- By the Economic Policy Group, Monetary Authority of Singapore This study was published as Special Feature A in the April 2020 Macroeconomic Review. Special Features 83 Special Feature A Asias Electronics Supply Chains and Global Trade Corridors 1 Introduction Over the past half century, Asia has grown into a global manufacturing powerhouse alongside the export-oriented industrialisation process adopted by many countries. The regions dominance in manufacturing
- MAS
- Media Releases
Last revised date:
- Singapore, 26 July 2004...The Monetary Authority of Singapore (MAS) today announced the publication of an Investor Alert List (IAL) on its website www.mas.gov.sg under the section "For the Consumer". ( Click here to view the IAL ) This is in line with our move to empower consumers to assess and assume for themselves the risks of their financial decisions. 2 The IAL lists persons whom MAS receives information on as undertaking financial services activity in Singapore without being licensed or authorised
- MAS
- Media Releases
Last revised date:
- Singapore, 22 February 2005...The Participating (Par) Fund Review Workgroup released a consultation paper on the draft recommendations to enhance par fund management and improve disclosure to par policyholders. 2 Participating life insurance policies (par policies) are widely used to meet the investment and life protection needs of many par policyholders in Singapore. Par policies allow policyholders to participate in the performance of the par fund in the form of non-guaranteed benefits. However
- MAS
- Media Releases
Last revised date:
- Singapore, 5 Jan 2006...Singapore has been named the Financial Centre of the Future in The Banker magazine's inaugural awards [ 1 ] for financial centres. Singapore also came up tops in the Asia Pacific category. 2 The first-ever Financial Centres of the Future awards celebrate financial centres that have made the greatest strides in terms of growth and infrastructure in the past year. It recognises centres excelling in terms of growth, quality of regulation and supervision, infrastructure and
- MAS
- Media Releases
Last revised date:
- Singapore, 30 August 2002. The Monetary Authority of Singapore (MAS) today issued a consultation paper on its proposal to implement a regulatory framework for health insurance business. 2 Health insurance, a key component in the healthcare financing business, is likely to play a more important role in the future. Financing of healthcare services has become a critical national issue in Singapore with its rapidly ageing population and rising expectations and demand for better and more sophisticated
- MAS
- Media Releases
Last revised date:
- Singapore, 12 March 2004...The Monetary Authority of Singapore (MAS) today released a consultation paper on the guidelines on outsourcing. These guidelines set out MAS' expectations for financial institutions that have entered into outsourcing arrangements or are planning to outsource one or more of their business activities to a service provider in Singapore or elsewhere. The main focus of the guidelines is on material outsourcing, that is where a financial institution enters into an outsourcing
- MAS
- Parliamentary Replies
Last revised date:
- QUESTION NO 174 NOTICE PAPER 243 OF 2014 FOR WRITTEN ANSWER Date: For Parliament Sitting on 8 September 2014 Name and Constituency of Member of Parliament Mr Alex Yam Ziming, MP, Chua Chu Kang GRC Question: To ask the Prime Minister (a) whether businesses have the right to limit the number of coins a customer can use in a transaction; and (b) whether banks should be charging a deposit or administrative fee for coin deposits by businesses, especially SMEs. Answer by Mr Lawrence Wong, Minister for
- MAS
- Media Releases
Last revised date:
- Joint Press Release by the Monetary Authority of Singapore and National University of Singapore SINGAPORE, 16 July 2009...The Monetary Authority of Singapore (MAS) has established a professorship in economics and finance at the National University of Singapore (NUS) with an annual gift for the next five years, commencing 2009. 2 The professorship will be named the Monetary Authority of Singapore Term Professorship in Economics and Finance and will be a joint appointment at the NUS Business School
- MAS
- Circulars
Last revised date:
- Sets out MAS’ expectations on financial institutions to have in place a comprehensive technology risk and cybersecurity training programme for their board of directors and senior management. Circular No. SRD TR 03/2015 9 Oct 2015 The Chief Executive Officers of All Financial Institutions Dear Sir / Madam TECHNOLOGY RISK AND CYBER SECURITY TRAINING FOR BOARD Information Technology (IT) is a key business enabler, and is increasingly integral to Financial Institutions