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, 16 May 2014…The National University of Singapore (NUS) and the Monetary Authority of Singapore (MAS) have jointly appointed Professor John B. Taylor, the Mary and Robert Raymond Professor of Economics at Stanford University, and the George P Shultz Senior Fellow in Economics at the Hoover Institution, as the MAS Term Professor in Economics and Finance from 18 to 25 May 2014. Prof Taylor will be hosted by the NUS Faculty of Arts and Social Sciences’ Department of Economics, the NUS Business
    • 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 Financial Holding Companies Bill (FHC Bill) for First Reading in Parliament. BACKGROUND 2   A financial holding company (FHC) is a company incorporated in Singapore, which holds a Singapore bank or insurance subsidiary or both, but does not itself conduct banking or insurance business. 1 Internationally, it is common for financial
    • PDPC
    • Public Consultations

    Last revised date:

    • SINGAPORE EXCHANGE LIMITED SUBMISSION TO THE PERSONAL DATA PROTECTION COMMISSION OF SINGAPORE IN RESPONSE TO THE PUBLIC CONSULTATION ON APPROACHES TO MANAGING PERSONAL DATA IN THE DIGITAL ECONOMY Contact: Christina Tham / Yvonne Quek DID: 6713 6118 / 6236 8944 Email: christina.tham@sgx.com / yvonne.quek@sgx.com Singapore Exchange Limited Company Reg No. 199904940D 2 Shenton Way, #02-02 SGX Centre 1, Singapore 068804 main: +65 6236 8888 fax: +
    • PDPC
    • Commission's Decisions

    Last revised date:

    • Directions were issued to Crawfort to conduct a security audit of its technical and administrative arrangements for its AWS S3 environment and rectify any security gaps identified in the audit report. This is pursuant to a data breach incident where Crawfort's customer database were offered for sale in the dark web. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION Case No. DP-2106-B8446 In the matter of an investigation under section 50(1) of the Personal Data Protection
    • MAS
    • Forms and Templates

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    • Form for exempt financial advisers to notify MAS when there are changes to their particulars. The form is to be submitted no later than 14 days after the date of change. Form 27 should be lodged online via FormSG . After submission, FIs may view a record of their submission by logging into MAS-Tx . FINANCIAL ADVISERS ACT (Cap. 110) FINANCIAL ADVISERS REGULATIONS NOTICE OF CHANGE OF PARTICULARS LODGED PURSUANT TO REGULATION 37(1) OF THE FINANCIAL ADVISERS REGULATIONS BY PERSONS EXEMPT FROM HOLDING
    • MAS
    • Forms and Templates

    Last revised date:

    • Form for capital markets services (CMS) licensees, banks, merchant banks, finance companies and insurers to notify MAS when there are changes to a representative's particulars such as changes in identification and contact details, within 14 days after the date of the change. Form 16 is to be submitted online using the Corporations and Representatives System (CoRe) on MASNET . MASNET is a closed communication network system operated by the Authority which a capital markets services licensee or a financial
    • MAS
    • Monetary Policy Statements

    Last revised date:

    • 10 October 2007 INTRODUCTION 1   In April this year, MAS reaffirmed the policy of a modest and gradual appreciation of the S$NEER policy band which has been in place since April 2004.  This policy stance has contributed to low and stable inflation amidst the robust economic growth over the past few years. Chart 1 Nominal Effective Exchange Rate (S$NEER) 2   Since the last policy review, the S$NEER has eased from the upper end of the policy band, although in recent weeks it has edged up following
    • MAS
    • Monetary Policy Statements

    Last revised date:

    • 12 October 2018 INTRODUCTION 1.   In the April 2018 Monetary Policy Statement, MAS increased slightly the slope of the S$NEER policy band from the previous zero percent. There was no change to the width of the policy band or the level at which it was centred. This policy stance was assessed to be appropriate given that the Singapore economy was expected to remain on a steady expansion path, while MAS Core Inflation was projected to rise. Chart 1 S$ Nominal Effective Exchange Rate (S$NEER) 2.   Apart
    • MAS
    • Speeches

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    • Japan's Role in Southeast Asia Date: 25 May 1999 1   The Asian crisis has dramatically changed the regional landscape. Asian economies have been ravaged. Several governments have fallen. The complacent assumption that Asian countries would cruise effortlessly into the next century has been shattered. 2   Meanwhile, Japan has been preoccupied with a protracted economic downturn. Repeated fiscal packages have failed to jump start the economy. Deep-rooted problems in the banking system are only now
    • MAS
    • Speeches

    Last revised date:

    •  Speech by Dr Khor Hoe Ee, Assistant Managing Director (Economics), at the FOW Eight Asia-Pacific Derivatives Exhibition, Westin Hotel Date : 25 Sep 2001 1   INTRODUCTION 1.1   Good morning. I would like to share with you my views on derivatives markets from the perspective of a central banker in post-crisis Asia. 1.2   Recent years have seen phenomenal growth in global as well as regional financial derivatives markets.  Prospects for derivatives in the Asian region have brightened considerably