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....
Showing 3926 Documents for "business trust"
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- MAS
- Letters to Editor
Last revised date:
- Dear Sir, I refer to "Loopholes found in global insurance sector" (Business Times, 13 June 2005) that suggests the Singapore life insurance industry is exempt from anti-money laundering (AML) rules. This is not accurate. 2 Life insurers in Singapore are required to institute rigorous AML procedures, benchmarked against international standards recommended by the Financial Action Task Force. 3 MAS Notice 314 on Prevention of Money Laundering requires life insurers to implement various AML procedures
- MAS
- Media Releases
Last revised date:
- Comments from MAS on AIA's Change in Singapore Leadership: "MAS has been notified that there has been a change of Principal Officer in AIA Singapore. Mr Mark O'Dell, Executive Vice President and General Manager, has resigned from the company and has taken leave of absence with immediate effect. There are no other changes in AIA Singapore's management team. In the interim, Mr Kenneth Juneau, Executive Vice President and Senior Regional Life Executive of AIA's regional office, will assume leadership
- MAS
- Media Releases
Last revised date:
- Singapore, 13 April 2015 …Deputy Prime Minister and Minister for Finance, Tharman Shanmugaratnam, will be visiting New York and Washington, D.C. from 14 to 18 April 2015. In Washington D.C., DPM Tharman will attend the meetings of the International Monetary and Financial Committee (IMFC) and the G20 Finance Ministers. The meetings will discuss actions to achieve economic resilience in the face of emerging challenges and sustain the global recovery. In New York, DPM Tharman will meet with business
- SSO
- Subsidiary Legislation
Last revised date:
- Definitions 2. In this Order, unless the context otherwise requires — “exempt message” means a specified fax message or a specified text message addressed to a Singapore telephone number as described in paragraph 3(1); “ongoing relationship” means a relationship, which is on an ongoing basis, between a sender and a subscriber or user of a Singapore telephone number, arising from the carrying on or conduct of a business or activity (commercial or otherwise) by the sender; “specified fax message”
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 28 June 2022… Ms Lee Ying Hui (“Lee”), was charged today for an offence under the Securities and Futures Act 1 (“SFA”). 2 Ms Lee is accused of managing her clients’ portfolio of capital markets products and entering into spot foreign exchange contracts for the purpose of managing her clients’ funds, between 14 December 2017 and 30 June 2020. She was charged under section 82(1) of the SFA for carrying on business in fund management, without holding a capital market services licence granted
- PDPC
Last revised date:
- If the PDPC enters into an organisation's premises, the organisation may request for its legal advisor to be present. The PDPC will allow a reasonable time for the organisation's legal advisor to arrive before entering the premises, provided that it is reasonable in the circumstances and does not cause undue delay or impede investigations. The request may also be subject to the organisation's compliance with certain conditions as may be considered appropriate, which may include (without limitation
- PDPC
Last revised date:
- If the PDPC enters into an organisation's premises, the organisation may request for its legal advisor to be present. The PDPC will allow a reasonable time for the organisation's legal advisor to arrive before entering the premises, provided that it is reasonable in the circumstances and does not cause undue delay or impede investigations. The request may also be subject to the organisation's compliance with certain conditions as may be considered appropriate, which may include (without limitation
- MAS
- Media Releases
Last revised date:
- Singapore, 16 Dec 2002. The Monetary Authority of Singapore (MAS) has re-opened applications for Wholesale Bank (WB) licences. This follows the announcement of its banking liberalisation programme of 29 June 2001, when MAS stated that it would grant 20 WB licences over the next two years. The remaining seven WB licences are now available for application. This move is in line with the shift by MAS from a three-tier bank licensing regime ' Full, Restricted and Offshore ' towards a more streamlined
- MAS
- Media Releases
Last revised date:
- Singapore, 5 December 2006...The Monetary Authority of Singapore (MAS) has released a policy consultation paper on proposed amendments to the Securities and Futures Act (SFA) and the Financial Advisers Act (FAA). This is the second in a series of policy consultations MAS is conducting following a review of the SFA and FAA. 2 This paper sets out the proposed amendments to five broad areas and highlights other drafting amendments. The five broad areas are: (a) Markets and clearing houses; (b) Licensing
- MAS
- Media Releases
Last revised date:
- Singapore, 23 January 2008...The Monetary Authority of Singapore (MAS) and the China Banking Regulatory Commission (CBRC) agreed on a supervisory cooperation arrangement in relation to the Qualified Domestic Institutional Investor (QDII) business of Chinese commercial banks. 2 With this arrangement in place, Chinese commercial banks can now conduct investments on behalf of their clients with Singapore based financial institutions regulated by MAS. They will be able to offer their customers a