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:
- Singapore, 14 April 2021... The Monetary Authority of Singapore (MAS) has imposed a composition penalty of S$1 million on Bank J. Safra Sarasin Ltd, Singapore Branch (BJS) for its failures to comply with MAS’ Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) requirements. The penalty amount took into consideration BJS’s remediation actions to address deficiencies that were identified by MAS. 2 Between March 2014 to September 2018, BJS committed serious breaches of MAS’
- MAS
- Media Releases
Last revised date:
- Singapore, 13 February 2018… The Monetary Authority of Singapore (MAS) today launched a public consultation on proposed guidelines to protect users of electronic payments (“e-payments”). The proposed E-payments User Protection Guidelines aim to encourage wider adoption of e-payments by setting standards on the responsibilities of financial institutions 1 and e-payment users 2 . 2. Under the new Guidelines, individuals and micro-enterprises 3 who hold e-payment accounts can expect financial institutions
- MAS
- Media Releases
Last revised date:
- Singapore, 1 April 2016… The Monetary Authority of Singapore (MAS) and the National Research Foundation (NRF) announced today that a FinTech Office will be set up on 3 May 2016 to serve as a one-stop virtual entity for all FinTech matters and to promote Singapore as a FinTech hub. 2 The FinTech Office will be co-led by Mr Sopnendu Mohanty, Chief FinTech Officer, MAS, and Mr Steve Leonard, Chief Executive Officer, SG-Innovate, with representatives from The Economic Development Board, Infocomm Investments
- SSO
- Legislation
Last revised date:
- Notification of purpose 20. —(1) For the purposes of sections 14(1)( a ) and 18( b ), an organisation shall inform the individual of — ( a ) the purposes for the collection, use or disclosure of the personal data, as the case may be, on or before collecting the personal data; ( b ) any other purpose of the use or disclosure of the personal data of which the individual has not been informed under paragraph ( a ), before the use or disclosure of the personal data for that purpose; and ( c ) on request
- MAS
- Circulars
Last revised date:
- Informs insurers that the revised insurance returns will be implemented on 1 January 2019. Circular No. ID 11/18 28 September 2018 Chief Executives All Insurers Dear Sir/Madam REVIEW OF INSURANCE RETURNS December 2017 respectively. We refer to Circular No. ID 03/16 and Circular No. 13/17 dated 28 June 2016 and 15 2 The Monetary Authority of Singapore (MAS) issued its response to feedback received on a consultation paper on the review
- MAS
- Media Releases
Last revised date:
- Singapore, 30 July 2020…The Monetary Authority of Singapore (MAS) announced today that it will continue to provide US Dollar (USD) via the MAS USD Facility following the extension of MAS’ US$60 billion swap arrangement with the US Federal Reserve (Federal Reserve) through 31 March 2021. MAS established the US$60 billion swap facility with the Federal Reserve on 19 March 2020 . On the back of this swap facility, MAS established the MAS USD Facility on 26 March 2020 to lend USD to banks in Singapore
- MAS
- Circulars
Last revised date:
- Sets out the implementation timeline for revised insurance returns. Circular No. ID 13/17 15 December 2017 Chief Executives All Insurers Dear Sir/Madam REVIEW OF INSURANCE RETURNS IMPLEMENTATION TIMELINE We refer to Circular No. ID 03/16 dated 28 June 2016. 2 The Monetary Authority of Singapore (MAS) issued its response to feedback received on a consultation paper on the review of insurance returns on 28 June 2016. The response paper
- MAS
- Enforcement Actions Media Releases
Last revised date:
- Singapore, 25 April 2023… Mr Pan Qi was today convicted and sentenced to 5 weeks imprisonment and fined $120,000 for offences involving fraud and deceit under the Securities and Futures Act (SFA) Securities and Futures Act (Cap. 289, Rev Ed 2006). . 2. Between 4 January 2019 and 24 July 2020, Mr Pan worked as a trader at Nech Capital Private Limited (NCPL), a fund management company. During this time, he executed trades in several securities counters using accounts belonging to his relatives and
- MAS
- Letters to Editor
Last revised date:
- Dear Editor, We refer to the commentary by Mr Tan Chong Huat and Ms Chan Yuet Ann, “1MDB saga: What the public needs to know” (The Business Times, 18 April 2019) as well as Mr Arjuna Mahendran’s letter, “European approach is not in Singapore’s wider interests” (The Business Times, 23 April 2019). Mr Tan and Ms Chan suggested that the Monetary Authority of Singapore (MAS) should disclose more on regulatory matters while investigations are ongoing. Mr Mahendran, however, had reservations with this
- PDPC
- Public Consultations
Last revised date:
- Re: ASIFMA response to the PDPC’s Public Consultation on Approaches to Managing Personal Data in the Digital Economy BNP Paribas is pleased to respond to the Commission’s consultation on this important review of approaches to managing personal data under the Personal Data Protection Act 2012 (PDPA). We have set out in this letter our comments in response to the proposals in the paper. We welcome the opportunity for continued engagement with the Commission on this issue. If you have further