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
- Guidance
Last revised date:
- Sets out MAS’ supervisory expectations of sound practices where AML/CFT control functions are outsourced. The paper is based on inspections of capital markets intermediaries, but the takeaways are applicable to other financial institutions, with the appropriate calibrations. MAS conducted a series of thematic inspections of capital markets intermediaries (“CMIs”) to assess the adequacy of their oversight of AML/CFT service providers (“ASPs”), and their understanding of the key control functions outsourced
- MAS
- Speeches
Last revised date:
- ESM Goh Chok Tong Members of the MAS Board Industry leaders, distinguished guests, ladies and gentlemen 1 Thank you for joining us at the launch of the Financial Services Industry Transformation Map (ITM). This is a strategic plan for the future of the sector, and is the product of months of deliberations between the industry and the MAS. Financial services is an important contributor to the Singapore economy, accounting for about 12% of GDP and providing good jobs for about 154,000 people. 1
- 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
- Help & Resources
Last revised date:
- This guide aims to help organisations effectively manage individuals’ requests for access to their personal data in compliance with the PDPA. Key topics include making access request channels available, obtaining specific information, charging access fees, determining response timeframe, ascertaining identity, assessing exceptions and prohibitions, keeping a record of all access requests, and preserving personal data. Click here to find out more. GUIDE TO HANDLING ACCESS REQUESTS 09 JUNE 2016 -
- PDPC
- Public Consultations
Last revised date:
- SINGAPORE TELECOMMUNICATIONS LTD SUBMISSION TO THE PERSONAL DATA PROTECTION COMMISSION OF SINGAPORE IN RESPONSE TO THE PUBLIC CONSULTATION ON PROPOSED ADVISORY GUIDELINES ON KEY CONCEPTS IN THE PERSONAL DATA PROTECTION ACT (“ACT”) DATE OF SUBMISSION: 1 APRIL 2013 -------- TABLE OF CONTENTS 1 2 4 21 1 2 3 4 INTRODUCTION SUMMARY OF MAJOR POINTS COMMENTS CONCLUSION -------- SINGAPORE TELECOMMUNICATIONS LTD SUBMISSION TO THE PERSONAL
- MAS
- Consultations
Last revised date:
- Response VIEW DOCUMENT Response to Feedback: Consultation Paper on An Asset Maintenance Framework for Foreign Banks (156.2 KB) Clarification Response to Feedback: Asset Maintenance Framework for Foreign Banks (90.5 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on An Asset Maintenance Framework for Foreign Banks (59.4 KB) MAS RESPONSE TO THE INDUSTRY CONSULTATION ON AN ASSET MAINTENANCE FRAMEWORK FOR FOREIGN BANK BRANCHES INTRODUCTION GENERAL COMMENTS 1 MAS released
- MAS
- Economic Essays
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- By the Economic Policy Group, Monetary Authority of Singapore This study was published as Special Feature A in the October 2021 Macroeconomic Review. 86 Macroeconomic Review | October 2021 Special Feature A 50 Years of Inflation Experience in Singapore 1 Introduction This Special Feature provides a review of Singapores inflation experience since the establishment of MAS in 1971.1 It identifies the historical drivers of inflation outcomes and monetary policy responses
- MAS
- Speeches
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- Dr Junichi Ujiie, President of Nomura Securities Ladies and Gentlemen 1 Nowadays, it is popular to focus on the awesome transformation of China and its implications when discussing Asia. But doing so risks missing the dramatic changes in another key player - India. My theme is simple: the renaissance of China and India is changing Asia. Other countries in Asia, and in fact the world, will have to remake themselves to seize the opportunities generated by their rise. 2 I expect China and
- PDPC
- Commission's Decisions
Last revised date:
- DECISION OF THE PERSONAL DATA PROTECTION COMMISSION Case Number: DP-1603-A661 AVIVA LTD (UEN No. 196900499K) … 1st Respondent TOH-SHI PRINTING SINGAPORE PTE LTD (UEN No. 198704013N) … 2nd Respondent Decision Citation: [2016] SGPDPC 15 GROUNDS OF DECISION 21 September 2016 A. BACKGROUND On 9 March 2016, Aviva Ltd (“Aviva”) reported to the Personal Data Protection Commission (“Commission”) an incident involving the disclosure of the
- PDPC
- Public Consultations
Last revised date:
- PUBLIC CONSULTATION ON PROPOSED REGULATIONS ON THE PUBLIC CONSULTATION ON PROPOSED REGULATIONS ON THE PUBLIC CONSULTATION ON PROPOSED REGULATIONS ON THE PERSONAL DATA PROTECTION ACT 2012 IN SINGAPORE PERSONAL DATA PROTECTION ACT 2012 IN SINGAPORE - A RESPONSE FROM THE ASIA INTERNET COALITION A RESPONSE FROM THE ASIA INTERNET COALITION 19 MAR 2013 The Asia Internet Coalition (AIC) is an industry association with a membership of eBay, The Asia Internet Coalition (AIC) is an industry