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
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
- MAS
- Guidelines
Last revised date:
- Requirements for banks and merchant banks operating an Asian Currency Unit. These guidelines set out the terms and conditions applicable to all banks and merchant banks operating an Asian Currency Unit in Singapore. The guidelines cover: Limits on total assets and liabilities Allowable financial transactions Undertakings required 01 Jul 2021 The Asian Currency Unit Terms and Conditions of Operation (10.1 KB) (last revised on 31 July 2008) is cancelled. Asian Currency Unit Terms And Conditions Of
- MAS
- Circulars
Last revised date:
- Informs all licensed insurers on consequential amendments arising from amendments to Insurance (Valuation and Capital) Regulations 2004 Circular No. ID 11/20 9 March 2020 Chief Executives All Licensed Insurers Dear Sir/Madam CONSEQUENTIAL AMENDMENTS ARISING FROM AMENDMENTS TO INSURANCE (VALUATION AND CAPITAL) REGULATIONS 2004 As communicated in the circulars1 dated 28 February 2020, the Monetary Authority of Singapore (MAS) has made consequential amendments
- MAS
- Media Releases
Last revised date:
- In recognition of the importance of data connectivity in financial services, the Swiss State Secretariat for International Finance (“SIF”) and The Monetary Authority of Singapore (“MAS”) have agreed on and jointly issue the following statement of intent: SIF and MAS recognize the importance of a sound regulatory and policy framework, one that is conducive for the cross-border transmission, storage, processing, access to and protection of data in the financial sector (“data connectivity for financial
- MAS
- Speeches
Last revised date:
- Mr Raymond Ng, Congress Chairman, Mr Vincent Ee, AFA President, Distinguished guests, ladies and gentlemen, A very good morning. Introduction Thank you for inviting me to speak at your 16th Annual Conference. It is encouraging to see so many of you here this morning. 2 We have come a long way since the introduction of the Financial Advisers Act, or FAA, in 2002. MAS now regulates more than 500 financial institutions and over 38,000 representatives under the FAA. Financial advisory (FA) firms
- MAS
- Speeches
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- Strong Recovery from the Recession 1 The Singapore economy has recovered strongly from the recession. Five quarters since GDP reached a trough, Singapore’s output has exceeded its pre-crisis peak by 13.3% . The rapid climb from the trough can be traced to several inter-related factors. In particular, the domestic economy had been lifted by the cyclical upturn in global trade and financial market conditions since early 2009, supported by inventory restocking and unprecedented policy stimuli
- MAS
- Speeches
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- 41st Association of Banks in Singapore Annual Dinner Raffles City Convention Centre, Tuesday, 24 June 2014 “Making the Banking System More Resilient” Chairman and Council members of ABS, Ladies and Gentlemen It is my pleasure to be here this evening. An Uneven Global Recovery 2 The global economy continues to recover. Economic activity in the US has rebounded from a weak start, and is expected to pick up pace in the second half of 2014. The Eurozone and Japan should post modest growth for the
- PDPC
- Commission's Decisions
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- PERSONAL DATA PROTECTION COMMISSION [2017] SGPDPC 13 Case No DP-1610-B0257 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And Ang Rui Song … Organisation DECISION -------- Editorial note: This decision contains editorial correction(s), as indicated by the markups below. Ang Rui Song [2017] SGPDPC 13 Tan Kiat How, Commissioner — Case No DP-1610-B0257 14 August 2017. Background 1 This is a case of a Financial
- PDPC
- Commission's Decisions
Last revised date:
- A financial penalty of $9,000 was imposed on COURTS for failing to put in place reasonable security arrangements to protect the personal data of its members from unauthorised disclosure on its website. Some members were able to gain access to personal data of another member via a link in an email sent by COURTS. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION Case No DP-1909-B4731 [2020] SGPDPC 17 In the matter of an investigation under section 50(1) of the Personal Data
- PDPC
- Commission's Decisions
Last revised date:
- A financial penalty of $1,000 was imposed on a former financial consultant, for failing to take reasonable security measures to protect the personal data of his clients when disposing of their insurance policy related douments. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION [2017] SGPDPC 13 Case No DP-1610-B0257 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And Ang Rui Song Organisation DECISION ------