Definition of “business trust”
Universal
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
- Media Releases
Last revised date:
- Singapore, 23 March 2020… The Monetary Authority of Singapore (MAS) issued today an advisory to all financial institutions (FIs) in Singapore, telling them to implement safe distancing measures in all aspects of their business operations, especially customer touch points. This is part of the national effort to reduce the risk of further local transmission of COVID-19. 2. FIs were asked to strengthen their measures to meet the latest advisory from MAS, as well as the relevant guidance issued
- MAS
- Media Releases
Last revised date:
- Singapore, 29 July 2020… the Monetary Authority of Singapore (“MAS”) has called on locally-incorporated banks headquartered in Singapore (“Local Banks”) to cap their total dividends per share (“DPS”) for FY2020 at 60% of FY2019’s DPS, and offer shareholders the option of receiving the dividends to be paid for FY2020 in scrip in lieu of cash If a bank has already paid out interim dividends for 1Q2020, the dividend restrictions and the offering of dividends in scrip will be extended for an additional
- MAS
- Media Releases
Last revised date:
- Singapore, 28 January 2020… The Monetary Authority of Singapore (MAS) today announced the commencement of the Payment Services Act (PS Act). The new PS Act will enhance the regulatory framework for payment services in Singapore, strengthen consumer protection and promote confidence in the use of e-payments. 2 The PS Act adopts an activity-based licensing framework in recognition of the different kinds of activities and new developments in payment services. It also expands MAS’ regulatory ambit to
- MAS
- Parliamentary Replies
Last revised date:
- QUESTION NO 1640 NOTICE PAPER 2018 OF 2020 FOR WRITTEN ANSWER Date: For Parliament Sitting on 5 March 2020 Name and Constituency of Member of Parliament Mr Louis Ng Kok Kwang , MP, Nee Soon GRC Question: To ask the Prime Minister whether there are plans to expand the Green Bond Grant Scheme with stricter regulations to ensure the adherence to the Scheme's definition of eligible expenses . Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1. The MAS’ Green Bond Grant
- MAS
- Staff Papers
Last revised date:
- MAS Staff Paper No. 53, July 2015 - By Choy Keen Meng, Liew Yin Sze, Priscilla Ng, Aireen Phang, Edward Robinson and Daniel Tan Abstract EMEAP economies have grown robustly over the last two decades, registering an average growth rate of about 5% per annum. The post-crisis environment, however, has posed new uncertainties over the sustainability of growth in the medium term, and brought to the fore important shifts in the supply-side determinants of potential growth. In the decade ahead, unfavourable
- PDPC
- Public Consultations
Last revised date:
- Hi PDPC officer, Please see our responses below. S/N Question Response Systems need to be enhanced to conform to a standard machine-readable format and a standard transmission method. The data exchange protocol and standard needs to be established as the whole industry has heterogeneous systems. If the industry is not using a standard machine- readable format, our organisation will need to perform a conversion in the format b) Scope of data covered: 1. PDPC should provide a
- MAS
- Parliamentary Replies
Last revised date:
- QUESTION NO 3410 NOTICE PAPER 1965 OF 2020 FOR ORAL ANSWER Date: For Parliament Sitting on 4 February 2020 Name and Constituency of Member of Parliament Mr Louis Ng Kok Kwang, MP, Nee Soon GRC Question: To ask the Prime Minister (a) whether the Government plans to include climate risk, particularly climate change-related risk, in MAS's annual industry-wide stress test (IWST), in line with what the Bank of England is doing and what the International Monetary Fund (IMF) recommends for central banks
- MAS
- Letters to Editor
Last revised date:
- Dear Editor, Growing the Singaporean Core in our Financial Sector I thank Mr Raymond Koh for his thoughtful letter (“Workforce composition in banks needs to be examined”, 15 August). I have asked my team to reach out to him for further views and suggestions. Protecting and growing Singaporean jobs, especially in current economic conditions, is a top priority. The Monetary Authority of Singapore (MAS) established a $125 million package earlier this year to encourage financial institutions (FIs) to
- MAS
- Media Releases
Last revised date:
- Singapore, 29 June 2007...The Monetary Authority of Singapore (MAS) today issued a Notice on an enhanced framework relating to the governance and disclosure of participating (par) life insurance business. 2 The new framework aims to strengthen insurers’ internal governance practices on the management of the par fund, and enhance disclosure standards to par policyholders. It incorporates the recommendations of the Par Fund Review Workgroup (Workgroup), comprising representatives from the insurance
- MAS
- Letters to Editor
Last revised date:
- 14 Oct 2015 The Editor Business Times Dear Editor A well-functioning securities market is a shared responsibility I refer to Mr NS Nallakaruppan’s letter “Urgent action needed to restore confidence to Singapore market” (The Business Times, 3 October 2015). MAS has indeed been working with SGX and various stakeholders to strengthen Singapore’s securities market. Some of these measures were mentioned by Deputy Managing Director, Mr Ong Chong Tee in an opinion editorial on 26 June 2015. A key set of