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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    • SSO
    • Legislation

    Last revised date:

    • Application of Act 4. —(1)  Parts III, IV, V, VI, VIA and VIB shall not impose any obligation on — ( a ) any individual acting in a personal or domestic capacity; ( b ) any employee acting in the course of his employment with an organisation; ( c ) any public agency; or [Act 40 of 2020 wef 01/02/2021] ( d ) any other organisations or personal data, or classes of organisations or personal data, prescribed for the purposes of this provision. [Act 40 of 2020 wef 01/02/2021] (2)  Parts III, IV, V, VI
    • MAS
    • Letters to Editor

    Last revised date:

    • Dear Editor, We thank Mr Ramamurthy Mahesh Kumar and Mr Phua Kok Hee for their letters (“MAS needs to educate public on digital banks”, 9 September 2019 and “How will digital banks handle customer problems”, 12 September 2019). We agree it is important that the public understands the differences between the new digital banks and existing banks in Singapore. Most banks here have enhanced their digital service offerings to customers, alongside physical branches and ATMs. The new digital banks will
    • MAS
    • FATF Statement

    Last revised date:

    • On 23 June 2017, the Financial Action Task Force (FATF), of which Singapore is a member, issued an updated Public Statement that highlighted the strategic deficiencies in the anti-money laundering/combating the financing of terrorism (AML/CFT) regimes: Democratic People’s Republic of Korea (DPRK) has not shown sufficient commitment to address its serious AML/CFT deficiencies. The FATF has serious concerns with the threat posed by DPRK’s illicit activities related to the proliferation of weapons
    • MAS
    • FATF Statement

    Last revised date:

    • On 24 February 2017, the Financial Action Task Force (FATF), of which Singapore is a member, issued an updated Public Statement that highlighted the strategic deficiencies in the anti-money laundering/combating the financing of terrorism (AML/CFT) regimes: Democratic People’s Republic of Korea (DPRK) has not shown sufficient commitment to address its serious AML/CFT deficiencies. The FATF has serious concerns with the threat posed by DPRK’s illicit activities related to the proliferation of weapons
    • MAS
    • Speeches

    Last revised date:

    •  Dinner Remarks By Mr Lim Hng Kiang, Second Minister For Finance At JPMorgan Chase Asia Pacific Senior Directors' Conference Date: 16 January 2003 Introduction If we were having this dinner six years ago and looking into the future, not many would have envisaged the events of the last six years.  In January 1997, markets were becoming a little uneasy about the excesses in Asia built up over the boom years.  But nobody would have thought that when the Thai baht floated in July 1997, it would trigger
    • PDPC
    • Public Consultations

    Last revised date:

    • Comments to the Public Consultation Issued by the Personal Data Protection Commission on 5 February 2013 on: (i) Proposed Regulations on Personal Data Protection in Singapore; (ii) Proposed Advisory Guidelines on Key Concepts in the Personal Data Protection Act; and (iii) Proposed Advisory Guidelines on the Personal Data Protection Act for Selected Topics. Submitted by: American Express International Inc. Mapletree Business City #08-00 Block C20 (West) Pasir
    • PDPC
    • Commission's Decisions

    Last revised date:

    • PERSONAL DATA PROTECTION COMMISSION [2018] SGPDPC 28 Case No DP-1711-B1367 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And Institute of Singapore Chartered Accountants … Organisation DECISION -------- Institute of Singapore Chartered Accountants [2018] SGPDPC 28 Tan Kiat How, Commissioner — Case No DP-1711-B1367 13 December 2018. Background 1 Technology has transformed the way we communicate. Today
    • MAS
    • Speeches

    Last revised date:

    • Mr Piyush Gupta, CEO, DBS Bank Ladies and gentlemen, good afternoon. I am happy to join you today, and I thank DBS Bank for the invitation. The American author John Maxwell once said, “The pessimist complains about the wind.  The optimist expects it to change.  The leader adjusts the sails.” As investors, you too seek to adjust the sails, to avoid being knocked over by market turbulence and to find new harbours of opportunity. So, what are the winds facing us like?  Let me offer some thoughts in
    • MAS
    • Parliamentary Replies

    Last revised date:

    • Question No 4 in Order Paper No 58 of 2008 Question No 5 in Order Paper No 58 of 2008 Question No 6 in Order Paper No 58 of 2008 Question No 7 in Order Paper No 58 of 2008 Question No 8 in Order Paper No 58 of 2008 Question No 9 in Order Paper No 58 of 2008 Question No 10 in Order Paper No 58 of 2008 For Oral Answer Date: For Parliament Sitting on 20 October 2008 Name and Constituency of Member of Parliament Q 4  Mdm Cynthia Phua, MP for Aljunied GRC Q 5  Dr Lily Neo, MP for Jalan Besar GRC Q 6 
    • MAS
    • Speeches

    Last revised date:

    • Mr Stephen Riley, President of the Insurance Institute of London Mr John Nelson, Chairman, Lloyd’s of London Ladies and gentlemen, good afternoon. I wish to thank John for inviting me to speak to you today. It is a privilege to address members of this esteemed Institute, and a pleasure to do so in a heritage building of such architectural and historic interest. I have been to this building before.  And my first thought as Lloyd’s Building came into view, along with its plumbing, stairways and lift