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
- Forms and Templates
Last revised date:
- Form for a person who has committed an offence to accept an offer of composition by MAS. ACCEPTANCE OF OFFER OF COMPOSITION MADE BY THE MONETARY AUTHORITY OF SINGAPORE 1. I, _____________ [Name and NRIC/Passport Number] [If made by an officer of a body corporate, partner of partnership, or officer or member of governing body of unincorporated association, to state his position], acknowledge that the Monetary Authority of Singapore has by way of a letter dated ______________ made
- MAS
- Enforcement Actions Media Releases
Last revised date:
- Singapore, 1 June 2023… The Monetary Authority of Singapore (MAS) has issued five-year prohibition orders (POs) against Mr Chan Jun Yi, Ms Chanel Quah Hui Wen, Mr Lim Zhan Yi, Ms Sherlin Chia Hee Ping, Mr Tang Hong Kong Jackie, and Ms Yvonne Quah. This follows their convictions for tax evasion offences under section 96(1)(b) of the Income Tax Act. 2 Under the POs, which will take effect from 1 June 2023, the six former agents of Great Eastern Financial Advisers Private Limited (GEFA) are prohibited
- MAS
- FATF Statement
Last revised date:
- On 23 February 2018, the Financial Action Task Force (FATF), of which Singapore is a member, issued an updated Public Statement that highlights the strategic deficiencies in the anti-money laundering/combating the financing of terrorism (AML/CFT) regimes of the following jurisdictions: The FATF remains concerned by the Democratic People’s Republic of Korea (DPRK)’s failure to address the significant deficiencies in its AML/CFT regime and the serious threats they pose to the integrity of the international
- MAS
- Media Releases
Last revised date:
- Singapore, 9 November 2021... The Monetary Authority of Singapore (MAS) today announced three enhancements to its FinTech Regulatory Sandbox framework to further catalyse financial innovation and FinTech adoption. 2 MAS launched the FinTech Regulatory Sandbox in 2016 to encourage and enable experimentation of technology innovation to deliver financial products and services. The Regulatory Sandbox, which is fully bespoke, was enhanced with Sandbox Express in 2019 to provide firms with a faster option
- MAS
- Parliamentary Replies
Last revised date:
- Issues Raised in Parliament ANSWER TO PARLIAMENTARY QUESTION ON: Service Charges Imposed by Banks For Parliamentary Sitting on 17 Aug 1999 Question: To ask the Deputy Prime Minister (a) whether the imposition of service charges by banks on small savers will erode the value of savings and cause difficulty for lower income families to operate bank accounts; and (b) whether the new policy of the banks runs counter to the aim of a cashless society. Answer: 1. Banks are commercial entities. Any services
- MAS
- Media Releases
Last revised date:
- Singapore, 22 April 2004...The Monetary Authority of Singapore (MAS) invites comments on the consultation paper released today on the draft Amendment Bills to the Securities and Futures Act (SFA) and the Financial Advisers Act (FAA). The amendments are targeted for first reading in Parliament during the second half of 2004. 2 The draft Amendment Bills seek primarily to implement the policy changes proposed by MAS taking into account feedback received from its consultation paper issued in September
- MAS
- Enforcement Actions
Last revised date:
- 1 On 7 July 2017, MAS reprimanded Accel-X Management Pte Ltd (Accel-X) for its breaches of (i) section 99(A)(1) of the Securities and Futures Act (SFA), (ii) paragraph 5(7J) of the Second Schedule to the Securities and Futures (Licensing and Conduct of Business) Regulations (SFR) and (iii) paragraph 5(7I)(a) of the Second Schedule to the SFR. MAS also reprimanded the company’s Chief Executive Officer (CEO) and director, Mr Edmund Yong Kin Kwong, for misconduct under section 334(2) of the SFA.
- MAS
- Media Releases
Last revised date:
- 12 November 2019, Singapore… The Monetary Authority of Singapore (MAS) and eight members of the Canadian Securities Administrators (CSA) today signed a cooperation agreement to strengthen collaboration in FinTech between Singapore and CSA’s member jurisdictions. The members are the securities regulatory authorities in Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario, Québec and Saskatchewan. 2 The agreement sets out the framework of collaboration between the CSA members
- MAS
- Parliamentary Replies
Last revised date:
- QUESTION NO 3546 NOTICE PAPER 2081 OF 2020 FOR ORAL ANSWER Date: For Parliament Sitting on 4 May 2020 Name and Constituency of Member of Parliament Ms Foo Mee Har, MP, West Coast GRC Question: To ask the Prime Minister what is the extent to which businesses have been able to benefit from Singapore's COVID-19 financing schemes, which were rolled out to provide them access to credit and improve cash flows, with specifics on (i) total quantum of loans dispersed (ii) number of business loan applications
- MAS
- Media Releases
Last revised date:
- Singapore, 15 November 2017… The Monetary Authority of Singapore (MAS) and the Polish Financial Supervision Authority (KNF) signed a FinTech Co-operation Agreement which lays out a framework for co-operation and referrals between the two regulators. 2 The framework enables both regulators to refer FinTech companies to their counterparts and outlines the support given to the companies to better understand the regulatory regime in each jurisdiction. In addition, the framework sets out how MAS and