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
- Consultations
Last revised date:
- under the BT regime.
- Sets out proposals relating to the governance and offers of business trusts including the draft Business Trusts Bill which encapsulates the governance framework for business trusts.
- Any other trust may also voluntarily register as a BT under the BT regime. A registered BT must comply fully with the regulatory requirements in the Business Trusts Bill.
- MAS
- Consultations
Last revised date:
- Sets out the draft business trusts regulations to operationalise certain provisions in the business trusts bill.
- of the registered business trust
- on Draft Business Trusts Regulations INTRODUCTION In December 2003, MAS conducted a public consultation on the regulatory framework for business trusts and the draft Business Trusts Bill (BT Bill).
- MAS
- FAQs
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- trust business services to the public.
- trust business services to the public.
- on its trust business; has not resumed any trust business for a continuous period of 14 days from the date of cessation of its trust business; and has not notified MAS of such cessation of its trust business at any ime during the period of 14 days from the date of the cessation.
- MAS
- Notices
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- before the trust is constituted; provided that where the settlor has constituted the trust before establishing business contact with the trust company, the trust company shall verify the identities of the settlor and trustee of the trust before the provision of any trust business
- the trust is constituted; provided that where the settlor has constituted the trust before establishing business contact with the trust company, the trust company shall verify the identities of the settlor and trustee of the trust before the provision of any trust business services; in respect
- MAS
- Consultations
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- Response VIEW DOCUMENT Response to Feedback: Consultation Paper on Regulation of Business Trusts II (Offers of Business Trusts) (198.6 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Regulation of Business Trusts II (Offers of Business Trusts) (273 KB) CONSULTATION ON REGULATION OF BUSINESS
- The consultation paper included the draft Business Trusts Bill, which encapsulated provisions on the governance framework for business trusts. 2 As business trusts are operating businesses like companies, MAS proposes to regulate offers of interests in business trusts by way
- New trusts investing in real estate may also choose to be structured and regulated as a CIS under the CIS regime or as a BT under the BT regime.
- MAS
- Guidelines
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- trust business services.
- of any trust business services.
- the provision of any trust business.
- MAS
- Speeches
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- REGISTRATION UNDER THE BUSINESS TRUSTS BILL 10 The Business Trusts Bill sets out the requirements for the governance of business trusts registered under the Bill.
- Speaker Sir, I beg to move that the Bill be now read a second time. 2 The purpose of the Business Trusts Bill is to introduce a framework for the governance of business trusts. Business trusts are business enterprises structured as trusts.
- for the governance of business trusts. 7 The Business Trusts Bill is formulated with two objectives in mind: First, to safeguard the rights of investors or unitholders in the business trust; and Second, to establish the duties and accountability of the trustee-manager of a business trust and its directors
- MAS
- Media Releases
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- the assets of the BT.
- to manage the assets of the BT in the best interests of the unitholders.
- Div 1) 8 The BT Bill requires that the business of a BT be run by a single responsible entity - the trustee-manager ("TM").
- MAS
- Consultations
Last revised date:
- trust business activities.
- This exclusion will only apply to trust business in relation to a business trust, so any trustee or administrator of a business trust that also engages in other trust business will require a licence.
- trusts, whether the business trust is registered or not.
- MAS
- Consultations
Last revised date:
- to its trust business.
- of its trust business
- inclusive), -------- 4 Dissolution of trust business 6.