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
    • Parliamentary Replies

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    • QUESTION NO 653 NOTICE PAPER 424 OF 2013 FOR WRITTEN ANSWER Date: For Parliament Sitting on 11 November 2013 Name and Constituency of Member of Parliament Mr Yee Jenn Jong, NCMP Question: To ask the Prime Minister in 2012 (a) what percentage of total business credit goes to small and medium-size enterprises (SMEs) in Singapore in comparison to Germany, Japan, South Korea and Taiwan; (b) what percentages of financial institutions' stock of total outstanding SME loans are owed by SMEs with turnover
    • MAS
    • Speeches

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    • 1   Acting Minister, Ministry of Culture, Community and Youth and Senior Minister of State, Ministry of Communications and Information, Mr Lawrence Wong, today moved the Insurance (Amendment) Bill for first reading in Parliament. BACKGROUND 2   The Insurance Act is an Act for the regulation of entities carrying on insurance business in Singapore, insurance intermediaries and other insurance related companies or matters. 3   To keep pace with significant regulatory and market developments in the insurance
    • MAS
    • FATF Statement

    Last revised date:

    • On 19 October 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
    • FATF Statement

    Last revised date:

    • On 29 June 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
    • Parliamentary Replies

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    • Issues Raised in Parliament ANSWER TO PARLIAMENTARY QUESTION ON: DPM Lee's Reply to Parliamentary Question on Global Financial Crisis For Parliament Sitting on 12 Oct 98 Question: To ask the Deputy Prime Minister (a) whether the financial crises spreading over Russia and Latin America together with the near-collapse of the US hedge fund Long-term Capital Management signal a possible global financial crisis; and (b) what monetary policies and measures Singapore intends to put in place to stave off
    • MAS
    • Media Releases

    Last revised date:

    •  4 October 1999... Minister for Health and Second Minister for Finance Mr Lim Hng Kiang today urged reinsurers in Singapore to expand their business scope, to contribute to Singapore's vision of becoming a leading reinsurance centre in Asia. 2   Speaking at the 5th Singapore International Reinsurance Conference co-organised by Singapore College of Insurance and the Singapore Reinsurers' Association, Mr Lim noted that the global insurance market had undergone dramatic changes in the last decade.
    • MAS
    • Media Releases

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    •  All will come into effect on 31 Dec 1999 Singapore, 28 December 1999... MAS today announced the introduction of the Insurance Intermediaries Act which will come into effect on 31 Dec 1999. At the same time, the Authority also issued the Insurance Intermediaries Regulations 1999 and Insurance (Amendment) Regulations 1999. Both regulations will take effect from 31 December 1999. 2   Passed in August 1999, the Insurance Intermediaries Act aims to promote greater professionalism in the insurance industry
    • MAS
    • Parliamentary Replies

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    • Issues Raised in Parliament Reply to PQ on the dual roles of SGX Date: For Parliamentary Sitting on 22 Feb 2001 Question: To ask the Deputy Prime Minister, should a conflict of interest arise for the Singapore Exchange in its role as both a regulator and operator of securities trading, what measures are in place to ensure that the public good is not compromised. Answer: 1 SGX performs two roles: to run the business of a stock/futures exchange and to ensure the integrity and efficiency of trading
    • MAS
    • Parliamentary Replies

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    • QUESTION NO 559 NOTICE PAPER 100 OF 2015 FOR WRITTEN ANSWER Date: For Parliament Sitting on 13 April 2015 Name and Constituency of Member of Parliament Dr Benedict Tan, NMP Question: To ask the Prime Minister (a) what is being done to promote local talent in the financial sector; and (b) whether retrenchments by top US and European banks in the US and Europe are causing Singaporeans to face increased competition for jobs in our financial sector and, if so, what can be done to moderate its impact
    • MAS
    • Parliamentary Replies

    Last revised date:

    • QUESTION NO 2892 NOTICE PAPER 1135 OF 2022 FOR ORAL ANSWER Date: For Parliament Sitting on 9 May 2022 Name and Constituency of Member of Parliament Mr Saktiandi Supaat , MP, Bishan-Toa Payoh GRC Question: To ask the Prime Minister in light of rising interest rates (a) whether there has been an increasing trend over the past year in the number of financially-distressed consumers who have sought debt management assistance; (b) whether the Government intends to introduce measures to afford temporary