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
- Media Releases
Last revised date:
- Singapore, 1 July 2011...The Monetary Authority of Singapore (MAS) has taken civil penalty enforcement action against Mr Wong Chow Lin @ Benjamin Wong for contravening the false trading provisions under section 197(1)(b) of the Securities and Futures Act (SFA). Mr Wong was an appointed representative and the head of business development for corporate broking in CIMB Securities Pte Ltd at the time of the contravention. 2 On 39 days between 1 August 2008 and 28 February 2009, Mr Wong bought between
- MAS
- Media Releases
Last revised date:
- Singapore, 16 February 2012… Singapore is fully committed to implementing the new Recommendations for combating money laundering, terrorist financing, and the financing of proliferation as announced by the Financial Action Task Force (FATF) today. Singapore agencies have been actively involved in the FATF review process in developing these Recommendations. 2 The latest FATF Recommendations will enhance the arsenal of safeguards that countries can deploy to counter the evolving threats posed
- MAS
- Speeches
Last revised date:
- Mr Henry Kravis, Chairman KKR Distinguished guests Ladies and Gentlemen, It gives me great pleasure to join you at this event, marking the opening of KKR’s Singapore office. KKR has been in Asia for almost three decades, and committed more than US$5billion to companies in the region. The addition of a Singapore office as a key hub in KKR’s regional network comes at a time of continued uncertainty in the global economy, but also increased investor interest in Asia. 2 Institutional investors
- MAS
- Media Releases
Last revised date:
- Singapore, 27 May 2015…The Monetary Authority of Singapore (MAS) will be hosting three high-level events this week: • The 2015 Symposium on Asian Banking and Finance (SABF) • The 2nd Asian Monetary Policy Forum (AMPF) • The 20th Executive’s Meeting of East Asia-Pacific Central Banks (EMEAP) Governors’ Meeting These meetings will be attended by central bank governors and heads of supervisory authorities from the Asia-Pacific region. 2 The forums aim to address financial and regulatory issues critical
- MAS
- Media Releases
Last revised date:
- Singapore, 29 January 2018… The Monetary Authority of Singapore (MAS) announced today that the Singapore Savings Bond (SSB) which was opened for application in January 2018 (SBFeb18) was oversubscribed. More than 6,300 investors submitted applications totalling approximately S$172 million, exceeding the issuance size of S$150 million. As a result of the oversubscription, some investors will not receive the full amount that they applied for. 2. The SSB allocation mechanism maximises the number
- MAS
- Forms and Templates
Last revised date:
- Risk disclosure statement to be provided by licensed fund management companies (other than venture capital fund managers) to prospective retail customers, prior to soliciting or entering into an agreement with customers to manage or guide their trading accounts by means of a systematic programme that recommends specific transactions, to trade in: (i) Futures contracts; (ii) Spot foreign exchange contracts for the purposes of leveraged foreign exchange trading; or (iii) Over-the-counter derivatives
- MAS
- Monetary Policy Statements
Last revised date:
- 10 April 2007 INTRODUCTION 1 In October 2006, MAS reaffirmed the policy of a modest and gradual appreciation of the S$NEER policy band. This policy stance, which has been in place since April 2004, has contributed to the low and stable inflation environment amidst the robust economic growth of the past few years. Chart 1 Nominal Effective Exchange Rate (S$NEER) 2 The S$NEER has fluctuated near the upper end of the policy band during the past six months. (Chart 1) This reflected a number of factors
- MAS
- Media Releases
Last revised date:
- Singapore, 29 August 2022… Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) today announced the commencement of work on a cross-border QR payment linkage between Indonesia and Singapore as part of the ASEAN-wide payments connectivity effort. This linkage, which is targeted to be launched in the second half of 2023, will allow users to make instant, secure, and efficient retail payments by scanning the QRIS (Quick Response Code Indonesian Standard) or NETS QR codes QRIS is the national
- PDPC
Last revised date:
- PUBLIC CONSULTATION ISSUED BY THE PERSONAL DATA PROTECTION COMMISSION PROPOSED BUSINESS OPERATION OF THE DO NOT CALL REGISTRY 15 May 2013 -------- PART I: INTRODUCTION AND OVERVIEW ............................................................. 3 1 2 Introduction ........................................................................................... 3 Overview of the PDPA: Data Protection Provisions and Do Not Call Provisions.......................................
- MAS
- Notices
Last revised date:
- Requirements that banks incorporated in Singapore must comply with when issuing covered bonds. This notice applies to all banks incorporated in Singapore. It sets out the requirements that banks have to comply with when issuing covered bonds. These include: Cover pool assets and encumbrance limit. Risk management requirements. Notification and other requirements. Amendment Notes 1 Jul 2022 MAS Notice 648 (Amendment) 2022 (524.2 KB) takes effect. 28 Sep 2021 MAS Notice 648 (Amendment) 2021 (61.8 KB