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
- Notices
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- Requirements for banks on anti-money laundering (AML) and countering the financing of terrorism (CFT). Financial institutions operating in Singapore are required to put in place robust controls to detect and deter the flow of illicit funds through Singapore's financial system. Such controls include the need for financial institutions to identify and know their customers (including beneficial owners), to conduct regular account reviews, and to monitor and report any suspicious transaction. The AML
- MAS
- Speeches
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- To streamline the fundraising process for REITs and bring it in line with that of listed companies and business trusts, we will be proposing that the requirement for such notifications be removed. Another rule that we have looked at closely is the leverage limit .
- This requirement to file a notification is not required of listed companies and business trusts. It therefore makes the fundraising process for REITs more cumbersome, as REITs would incur additional time and costs to prepare the information memorandum and submit the notification.
- MAS
- Consultations
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- Response VIEW DOCUMENT Response to Feedback: Review of the Deposit Insurance Scheme in Singapore (150.6 KB) Consultation Paper VIEW DOCUMENT Review of the Deposit Insurance Scheme in Singapore (142.9 KB) RESPONSE TO FEEDBACK RECEIVED REVIEW OF DEPOSIT INSURANCE SCHEME Introduction 1 1.1 On 25 February 2010, the Monetary Authority of Singapore (MAS) as part of its review with the Singapore Deposit Insurance Corporation (SDIC), conducted a public consultation
- MAS
- Consultations
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- , professional, trust, representative, or any other non-personal capacity. 1.
- provides cover in connection with the employment of a foreign domestic worker; and issued to a policy owner who is a human person, regardless of whether the (i) risk or subject-matter insured is put to commercial use, and/or (ii) whether the policy owner had taken the policy not in a personal but in a business
- MAS
- Circulars
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- This circular reminds all financial institutions (FIs) to stay vigilant to the ML/TF risks in wealth management sector, and sets out MAS’ expectations for FIs to review its existing controls to ensure that they remain adequate to mitigate the ML/TF risks from high growth areas. In conducting its review, FIs should take into account the additional information provided in this circular as well as previous MAS guidance that was issued to the industry. Monetary Authority of Singapore 10 Shenton Way
- MAS
- Annual Reports
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- Infrastructure trusts, which are structured as business trusts under the Business Trust Act, give investors exposure to income stream from regional infrastructure assets.
- Shipping Trusts Seek Singapore Listing Singapore was the first Asian country to introduce the Business Trust regime in January 2004. Business trusts are business enterprises structured as trusts, as opposed to a corporate structure.
- In 2006, Singapore saw the listing of the worlds first shipping trust based on the Business Trust regime. By May 2007, there were three listed shipping trusts with a combined market capitalisation of S$1.5 billion.
- MAS
- Consultations
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- A company registered under the Trust Companies Act (Cap.336) whose carrying on of business of a financial adviser is solely incidental to the carrying on of its business as a trust company. 3.
- MAS
- Speeches
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- OVERVIEW "Moving on to the Financial Advisers Bill (FA Bill), Mr Speaker Sir, I beg to move that the Bill now be read a second time. 2 The FA Bill proposes to regulate Financial Advisers and their representatives, and to repeal the Insurance Intermediaries Act (Chapter 142A, 2000 Revised Edition). It will govern all financial advisory activities in respect of investment products 1 , and the marketing of specific investment products, namely life insurance policies and collective investment schemes
- MAS
- Annual Reports
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- Monetary Authority of Singapore AnnuAl RepoRt 2016/17 -------- CoNTENTS 02 Chairmans Message 04 Highlights of the Year ANChoR oF ECoNomIC AND FINANCIAL STAbILITy 08 ThE ECoNomy 08 The Global Economy in 2016: Resilient But Uninspiring 09 The Singapore Economy in 2016: Steady But Modest Growth Inflation Picked Up Slightly 10 10 Global Policy Uncertainty Presents Financial Risks 10 moNETARy PoLICy 11 mACRoPRUDENTIAL PoLICy 11 mANAgEmENT oF LIQUIDITy 11 Enhancing
- MAS
- Media Releases
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- This is the first time that a divestment exercise by the Singapore Government has stipulated that the purchaser be an infrastructure business trust/fund. Quality applications were received in the divestment exercise.
- JOINT MEDIA RELEASE BY MOF, MEWR & MAS The Singapore Government has selected the proposal from Keppel Integrated Engineering Limited and Keppel Infrastructure Fund Management Pte Ltd for the divestment of Senoko Incineration Plant (the “SIP”) to an infrastructure business trust/fund.