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
    • Speeches

    Last revised date:

    • Keynote Speech by Ms Teo Swee Lian, Deputy Managing Director, Prudential Supervision, MAS at Payments Asia Summit 2008 Tuesday 29th January 2008, Sheraton Towers Singapore Payment Systems in Asia – What is in the Regulators’ Field of vision? Part I: Introduction 1.  Good morning Mr Chris Skinner, Chairman, ladies and gentlemen.  I would like to thank ICBI for inviting me to the inaugural Payments Asia Summit 2008.  I am pleased to speak at this important event, on the topic of the Regulators’ field
    • PDPC
    • Commission's Decisions

    Last revised date:

    • A financial penalty of $6,000 was imposed on Institute of Singapore Chartered Accountants for failing to make reasonable security arrangements to prevent the unauthorised disclosure of the personal data of its members. Click here to find out more. 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
    • PDPC
    • Commission's Decisions

    Last revised date:

    • Directions, including a financial penalty of $20,000, were imposed on Society of Tourist Guides for breaches of the PDPA. First, the organisation failed to put in place reasonable measures to protect its members’ personal data. Second, it did not appoint a data protection officer. Lastly, it did not have written policies and practices necessary to ensure its compliance with the PDPA. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION [2019] SGPDPC 48 Case No. DP-1903-B3445 In
    • PDPC
    • Commission's Decisions

    Last revised date:

    • Directions were issued to both Shopify Commerce Singapore and Supernova to put in place a process to ensure compliance with the Transfer Limitation Obligation following a data breach incident of Shopify Inc's database. Click here for more information. PERSONAL DATA PROTECTION COMMISSION [2022] SGPDPC 7 Case No: DP-2103-B8147 / DP-2206-B9935 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And (1) Supernova Pte Ltd (2) Shopify Commerce
    • MAS
    • Speeches

    Last revised date:

    • Mr Lim Boon Heng, Chairman of Temasek Holdings Ms Ho Ching, Executive Director and CEO of Temasek Holdings Mr Dilhan Pillay, Executive Director and CEO of Temasek International Excellencies, Distinguished Guests Ladies and Gentlemen, Introduction 1.      I am very happy to join you this morning for the inaugural Singapore Sustainable Investing and Financing Conference. 2.      As we saw from the video just now, Covid-19 has truly changed the world as we know it.  We now have a taste of what a global
    • MAS
    • Media Releases

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    • I. Introduction 1. The ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting (The Meeting) was convened on 2 May 2023 under the co-chairmanship of H.E. Sri Mulyani Indrawati, Minister of Finance of the Republic of Indonesia, H.E. Perry Warjiyo, Governor of Bank Indonesia, H.E. Shunichi Suzuki, Minister of Finance of Japan, and H.E. Kazuo Ueda, Governor of the Bank of Japan. The 26th meeting was held in-person for the first time since May 2019. The President of the Asian Development Bank
    • PDPC
    • Commission's Decisions

    Last revised date:

    • PERSONAL DATA PROTECTION COMMISSION [2017] SGPDPC 17 Case No DP-160-A712; DP-1604-A713 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And Social Metric Pte Ltd … Organisation DECISION -------- Social Metric Pte Ltd [2017] SGPDPC 17 Tan Kiat How, Commissioner — Case No DP-160-A712; DP-1604-A713 27 November 2017. Background 1 This case involves a company which, as part of its social media marketing
    • PDPC

    Last revised date:

    • ADVISORY GUIDELINES ON IN-VEHICLE RECORDINGS BY TRANSPORT SERVICES FOR HIRE ISSUED 9 APRIL 2018 REVISED 22 MAY 2018 -------- ADVISORY GUIDELINES ON IN-VEHICLE RECORDINGS BY TRANSPORT SERVICES FOR HIRE (revised 22 May 2018) TABLE OF CONTENTS PART I: INTRODUCTION AND OVERVIEW ............................................................................... 3 1 Introduction ..........................................................................................................
    • PDPC
    • Commission's Decisions

    Last revised date:

    • A financial penalty of $12,000 was imposed on Terra Systems for failing to put in place reasonable security arrangements to protect the personal data of individuals in its customer relationship management portal in Re Terra Systems Pte Ltd [2021] SGPDPC 7. An application for reconsideration was filed against the decision in Re Terra Systems Pte Ltd [2021] SGPCPC 7. Upon review and careful consideration of the application, the Commissioner had decided to affirm the finding of the breach of section
    • PDPC
    • Sector-specific Advisory Guidelines

    Last revised date:

    • Click here to find out more. ADVISORY GUIDELINES ON IN-VEHICLE RECORDINGS BY TRANSPORT SERVICES FOR HIRE ISSUED 9 APRIL 2018 REVISED 22 MAY 2018 -------- ADVISORY GUIDELINES ON IN-VEHICLE RECORDINGS BY TRANSPORT SERVICES FOR HIRE (revised 22 May 2018) TABLE OF CONTENTS PART I: INTRODUCTION AND OVERVIEW ............................................................................... 3 1 Introduction .............................................................................................