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:
- Ladies and gentlemen, good morning. The global economy in 2016 – resilient but uninspiring 2016 was an eventful year for the global economy. If you recall, we began the year with anxiety over China’s financial markets but breathed easier over the course of the year as China steadied its economy and avoided the hard landing feared by many. We saw economic momentum in the US slip, and then pick up towards the end of the year, which also saw the second rate hike by the Fed in 10 years and an unexpected
- MAS
- Speeches
Last revised date:
- Distinguished guests, ladies and gentlemen, good morning to all of you. 1 I am honoured to be joining you at the ACAMS Asia Pacific Anti-Money Laundering and Anti Financial Crime Conference. While we are unable to meet in person, I am glad that ACAMS’ training and events have continued virtually amidst the disruptions brought on by COVID-19, just as the financial industry itself has shown resilience in adapting to remote or hybrid working. 2 This morning, I would like focus on how financial
- MAS
- Consultations
Last revised date:
- Response VIEW DOCUMENT Response to Feedback: Draft Deposit Insurance Agency Rules (100.3 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Draft Deposit Insurance Agency Rules (164.1 KB) RESPONSE TO FEEDBACK RECEIVED - CONSULTATION ON DRAFT DEPOSIT INSURANCE AGENCY RULES On 27 December 2005, MAS released a consultation paper inviting comments on the draft Deposit Insurance Agency Rules. The consultation period closed on 27 January 2006. MAS thanks all respondents for
- MAS
- Speeches
Last revised date:
- Distinguished guests, ladies and gentlemen, good morning to all of you. 1 I am honoured to be joining you at the ACAMS Asia Pacific Anti-Money Laundering and Anti Financial Crime Conference. While we are unable to meet in person, I am glad that ACAMS’ training and events have continued virtually amidst the disruptions brought on by COVID-19, just as the financial industry itself has shown resilience in adapting to remote or hybrid working. 2 This morning, I would like focus on how financial
- MAS
- Notices
Last revised date:
- Requirements for all credit card issuers to submit quarterly statistical returns for credit cards to MAS. This notice applies to all credit card issuers in Singapore. It sets out the requirements for statistical returns for credit cards to be submitted to MAS each quarter. The notice includes: Statistical collection templates Notes for completion Timeline for submission Amendment Notes 1 Jul 2021 MAS Notice 759 (Amendment) 2021 (434.4 KB) dated 11 Jun 2021 takes effect. 29 Jun 2020 MAS Notice 759
- MAS
- Notices
Last revised date:
- Rules to measure and limit a locally-incorporated bank's exposures to a single counterparty group. This notice was cancelled with effect from 01 July 2021. Please refer to Notice 656 Exposures to Single Counterparty Groups for Banks Incorporated in Singapore for the rules to measure and limit a locally-incorporated bank's exposures to a single counterparty group. Amendment Notes 01 Jul 2021 MAS Notice 639 dated 06 June 2007 (last revised on 21 September 2020) (267.3 KB) is cancelled. 01 Oct 2020
- PDPC
- Commission's Decisions
Last revised date:
- PERSONAL DATA PROTECTION COMMISSION [2019] SGPDPC 35 Case No DP-1806-B2218 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And Advance Home Tutors … Organisation DECISION -------- Advance Home Tutors [2019] SGPDPC 35 Yeong Zee Kin, Deputy Commissioner — Case No DP-1806-B2218 12 September 2019 Facts of the Case 1 On 7 June 2018, the Personal Data Protection Commission (the “Commission”)
- MAS
- Speeches
Last revised date:
- Mark Austen – CEO, ASIFMA Ashley Alder – CEO, Hong Kong Securities and Futures Commission and my fellow keynote speaker Fellow regulators and central bankers Distinguished guests Ladies and gentlemen 1 It is my pleasure to join you this afternoon at the ASIFMA annual conference held in Singapore. 2 We have a very ambitious agenda ahead of us. The title of the conference, “Developing Asia’s Capital Markets”, certainly does not do full justice to the breadth of topics covered in the breakout sessions
- MAS
- Media Releases
Last revised date:
- Singapore, 12 November 2021... The Monetary Authority of Singapore (MAS) and the Singapore FinTech Association (SFA) announced the award winners of the Global FinTech Hackcelerator, the SFF Global FinTech Awards and the Most Innovative FinTech e-Gifting Award, at the Singapore FinTech Festival. The winners, comprising financial institutions, FinTechs and solution providers, were recognised for their ground-breaking solutions that promote financial inclusion and sustainable development in the financial
- PDPC
- Commission's Decisions
Last revised date:
- A financial penalty of $1,000 was imposed on Advance Home Tutors for failing to put in place reasonable security arrangements to protect the personal data collected from its tutors and for not developing and implementing data protection policies and practices necessary to ensure its compliance with PDPA. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION [2019] SGPDPC 35 Case No DP-1806-B2218 In the matter of an investigation under section 50(1) of the Personal Data Protection