Definition of “business trust”
Universal
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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- PDPC
Last revised date:
The PDPC does not prescribe the types of identifiers that organisations should adopt in place of NRIC numbers. Organisations should assess the suitability of alternatives to NRIC numbers based on their own business and operational needs.
However, some alternatives that have been adopted by organisations include organisation or user-generated ID, tracking number, organisation-issued QR code, or monetary deposit. Organisations should also consider whether the alternatives provided are reasonable
- MAS
- Media Releases
Last revised date:
- Singapore, 11 March 2013…Emeritus Senior Minister (ESM) and Senior Advisor to the Monetary Authority of Singapore (MAS) Goh Chok Tong will visit Tokyo from 12 to 15 March 2013. During the visit, ESM Goh will call on Prime Minister Shinzo Abe and Deputy Prime Minister and Finance Minister Taro Aso. 2 ESM Goh will also meet top Japanese business leaders, heads of Japanese financial institutions, and prominent Japanese politicians. ESM Goh will be accompanied by senior officials from the MAS, the
- MAS
- Guidelines
Last revised date:
- Guidelines on the circumstances under which a financial adviser may use the term “independent”. These guidelines apply to all licensed financial advisers and exempt financial advisers. They provide guidance to financial advisers on when they may use the term “independent” in the name, description or title under which they carry on business in Singapore, promote or advertise their services, or in relation to their provision of any financial advisory service. The guidance includes: Basic test for
- MAS
- Media Releases
Last revised date:
- Singapore, 30 January 2002. The Monetary Authority of Singapore (MAS) today issued a notice to Wen Long Money Changer to cease business with immediate effect and took steps to revoke its license. This follows the arrest of a 29-year old male Chinese, a partner of Wen Long Money Changer yesterday on allegations that he misappropriated moneys given to him by clients in Singapore. Wen Long's two licenses, which enabled it to function as a money changer and remittance agent in Singapore will be revoked
- MAS
- Letters to Editor
Last revised date:
- Dear Sir, I refer to "Why is cash-back okay for housing loans?" (Business Times, 17 December 2004). 2 Under MAS' Notices on Housing Loans, banks and other financial institutions are required to compute their housing loan quantums so that the borrower would have to make a cash downpayment of at least 10% for private property purchases and 2% (to be revised to 4% from 1 January 2005) for HDB flat purchases. 3 MAS does not allow cash back and other schemes that have the effect of assisting the
- MAS
- Notices
Last revised date:
- Requirements for finance companies to notify and seek approval for the acquisition of company shares above a certain limit. This notice applies to all finance companies (FCs) incorporated in Singapore. It sets out the requirements for FCs to notify and seek approval from MAS first if they intend to acquire 20% or more of the share capital of any company. The aim is to ensure that FCs do not diversify into areas which are inconsistent with their business or invest in companies to an undesirable extent
- SSO
- Subsidiary Legislation
Last revised date:
- How to make request 3. —(1) A request to an organisation must be made in writing and shall include sufficient detail to enable the organisation, with a reasonable effort, to identify — ( a ) the applicant making the request; ( b ) in relation to a request under section 21(1) of the Act, the personal data and use and disclosure information requested by the applicant; and ( c ) in relation to a request under section 22 of the Act, the correction requested by the applicant. (2) A request must be sent
- SSO
- Subsidiary Legislation
Last revised date:
- How to make request 3. —(1) A request to an organisation must be made in writing and must include sufficient detail to enable the organisation, with a reasonable effort, to identify — ( a ) the applicant making the request; ( b ) in relation to a request under section 21(1) of the Act, the personal data and use and disclosure information requested by the applicant; and ( c ) in relation to a request under section 22(1) of the Act, the correction requested by the applicant. (2) A request must be
- MAS
- Notices
Last revised date:
- Requirements for finance companies on purchasing immovable properties above a certain limit. This notice applies to all finance companies (FCs) in Singapore. It stipulates that a finance company cannot purchase or acquire any immovable property that costs more than 25% of its paid-up share capital and published reserves. This limit does not apply to investments used for business, housing or providing amenities for its staff. Amendment Notes 21 Nov 2005 MAS Notice 813 dated 01 December 1983 is revised
- PDPC
- Public Consultations
Last revised date:
- It is proposed that the exclusions under Section 4 of the PDPA to apply to the proposed breach notification provisions under the PDPA where any employee acting in the course of his or her employment with the organization. For the exemption under “any employee acting in the course of his or her employment with the organization”, we wish to clarify with the PDPC if this intention is to exclude inadvertent data disclosures made by employees acting in the course of employment. An example would be