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
- Speeches
Last revised date:
- Mr Nicholas Hadow, Chairman of IMAS Distinguished guests Ladies and gentlemen 1 Good morning. I am delighted to join you at the IMAS 17th Annual Conference. 2 The theme for this year’s conference – Into the Future – is apt in light of the fluctuating sentiments over the direction of the global economy and financial markets. Caught up in the short-term ups and downs, it is easy to lose sight of the bigger picture and longer term trends. 3 The annual IMAS conference therefore provides an invaluable
- PDPC
- Public Consultations
Last revised date:
- From: To: Subject: Date: Harkirat Singh SIDHU PDPC Consultation (PDPC) Proposed Advisory Guidelines for the Education Sector Friday, 6 June, 2014 11:29:21 AM Thank you for allowing us the opportunity to comment on the draft advisory guidelines and the personal data protection laws in general. Our comments/queries are as follows: (1) Comment/Query relating to personal data protection in the education sector Unlike many more circumscribed activities, the field of education is very wide
- PDPC
- Commission's Decisions
Last revised date:
- PERSONAL DATA PROTECTION COMMISSION [2019] SGPDPC 30 Case No DP-1806-B2237 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And Executive Link Services Pte. Ltd. …Organisation(s) DECISION -------- Executive Link Services Pte. Ltd. [2019] SGPDPC 30 Mr Yeong Zee Kin, Deputy Commissioner – Case No DP-1806-B2237 23 August 2019 Background 1. On 11 June 2018, Executive Link Services Pte. Ltd. (the “Organisation
- PDPC
- Practical Guidance
Last revised date:
- Guidance on roles of data contributors and data intermediaries in context of a data collaboration arrangement involving a common data intermediary for the processing, generation and sharing of derived insights. Click here to find out more. PRACTICAL GUIDANCE IN RELATION TO DATA COLLABORATION ARRANGEMENT INVOLVING COMMON DATA INTERMEDIARY 1. The Personal Data Protection Commission (PDPC) received several requests for involving a common data guidance on data collaboration arrangements
- PDPC
- Commission's Decisions
Last revised date:
- Directions, including a financial penalty of $15,000, were imposed on EU Holidays for breaches of the PDPA. The organisation failed to put in place reasonable measures to protect its customers’ personal data and did not have written policies and practices necessary to ensure its compliance with the PDPA. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION Case No DP-1901-B3254 [2019] SGPDPC 38 In the matter of an investigation under section 50(1) of the Personal Data Protection
- PDPC
- Commission's Decisions
Last revised date:
- PERSONAL DATA PROTECTION COMMISSION [2019] SGPDPC [33] Case No DP-1610-B0290 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And (1) (2) Amicus Solutions Pte. Ltd. (UEN No. 201534661R) Ivan Chua Lye Kiat DECISION … Organisations -------- Amicus Solutions Pte. Ltd. & Anor. [2019] SGPDPC 33 Amicus Solutions Pte. Ltd. & Anor. [2019] SGPDPC 33 Tan Kiat How, Commissioner —
- PDPC
- Commission's Decisions
Last revised date:
- Amicus Solutions and a financial consultant were issued directions, including to pay financial penalties of $48,000 and $10,000 respectively, for breaches of the PDPA. Amicus Solutions failed to notify and obtain consent for the disclosure of individuals’ personal data that it sold to the financial consultant who used such personal data for telemarketing purposes. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION [2019] SGPDPC [33] Case No DP-1610-B0290 In the matter of an
- MAS
- Media Releases
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- Singapore, 5 October 2020… The Monetary Authority of Singapore (MAS), together with the Association of Banks in Singapore (ABS) and the Finance Houses Association of Singapore (FHAS), today announced an extension of support measures to help individuals and Small and Medium-sized Enterprises (SMEs) facing cashflow difficulties transition gradually to full loan repayments. These extended measures will progressively expire over 2021. 2 Since April this year, banks and finance companies have been
- MAS
- Speeches
Last revised date:
- 1 Madam Speaker, on behalf of the Minister-in-charge of MAS, I beg to move, "That the Bill be now read a second time". Background 2 The basic aim of MAS’ regulatory regime is to ensure that the financial system is sound and resilient, especially in relation to external shocks. Our methods have been broadly effective, as Singapore has withstood tumultuous episodes such as the Asian Financial Crisis of 1997 and Global Financial Crisis of 2008. The IMF, in its last Financial Sector Assessment
- MAS
- Speeches
Last revised date:
- Mayor Tang Liangzhi, distinguished guests, ladies and gentlemen, good morning. First, let me thank the Chongqing municipality for hosting this inaugural Singapore-China (Chongqing) Financial Summit. Your warm hospitality, efficient arrangements, and sumptuous dinner last evening have already gotten this Summit off to a very good start. This year, we are especially pleased to have with us guests not only from Singapore and Chongqing but also from ASEAN and China’s Western Region. This Summit marks