Showing 3926 Documents for "business trust"
Filter by
Sort by
- MAS
- Enforcement Actions
Last revised date:
- The Monetary Authority of Singapore (MAS) has revoked the capital markets services licence (CMSL) of One Asia Investment Partners Pte. Ltd. (OAIP) with effect from 11 April 2017. This means that OAIP has ceased to be a licensed fund management company and is no longer permitted to carry on business in fund management in Singapore. 2 OAIP has been issued a winding up order by the High Court of Singapore on 17 March 2017 and is in the process of being wound up. Accordingly, MAS has revoked OAIP’
- MAS
- Letters to Editor
Last revised date:
- Dear Editor, I refer to "Educating the investor: The days of caveat emptor may be over for complex structured products", (Today, 4 February 2010). MAS agrees that some speed in implementing enhanced safeguards for the sale of investment products would benefit retail investors. Banks that are members of the Association of Banks in Singapore have already put in place some of the enhanced measures. These include prohibiting bank tellers at bank branches from referring customers to representatives for
- MAS
- Circulars
Last revised date:
- Informs licensed insurers on changes to Notice 133. UPDATE TO MAS NOTICE 133 WITH RESPECT TO ILLIQUIDITY PREMIUM (IP) MAS Notice 133 (Notice 133) on Valuation and Capital Framework for Insurers has been updated on 19 December 2022 to reflect the revision in IP from 75 bps to 65 bps in Appendix 3G. The IP is only applicable to insurer writing life business who satisfies the conditions in the second column of Table 3A on page 17 of Notice 133. The update is part of the regular review that
- MAS
- Forms and Templates
Last revised date:
- Form for registered fund management companies or venture capital fund managers to provide business information and declaration of compliance with relevant provisions. This form must be submitted within one month from the end of the financial year. View the user guide (1.34 MB) . To access this form, you will require Adobe Acrobat Reader version 9.4.4 or above. If you have issues opening the form, please download the form to your computer and open it in Acrobat reader. Upon completion, please submit
- MAS
- Forms and Templates
Last revised date:
- Notice for persons who have suffered pecuniary losses in relation to any entrusted money or property to inform MAS of their claims against the security deposit of certain capital markets services licensees dealing in capital markets products. Certain licensees are required to lodge a deposit of $100,000 under Regulation 7 of the Securities and Futures (Licensing and Conduct of Business) Regulations. SECURITIES AND FUTURES ACT (Cap. 289) SECURITIES AND FUTURES (LICENSING AND CONDUCT OF BUSINESSS
- MAS
- Forms and Templates
Last revised date:
- Form for entities to apply to be a licensed fund management company. Entities that intend to commence business as registered fund management companies or venture capital fund managers should submit Form 22A or Form 1V respectively. View the user guide (1.34 MB) . To access this form, you will require Adobe Acrobat Reader version 9.4.4 or above. If you have issues opening the form, please download the form to your computer and open it in Acrobat reader. Upon completion, please submit the form online
- MAS
- Letters to Editor
Last revised date:
- Dear Editor, We thank Mr Billy Lee for his letter “Can remittance companies lend money?” (Straits Times online, 18 January 2019). The Monetary Authority of Singapore (MAS) has been in contact with Mr Lee on his feedback. Remittance companies are currently licensed under the Money-changing and Remittance Businesses Act (MCRBA). The MCRBA regulates licensees for their money-changing and remittance activities, primarily to mitigate the risks of money-laundering and terrorism financing. In the past year
- MAS
- Enforcement Actions
Last revised date:
- 1 On 25 January 2017, Maiora Asset Management Pte. Ltd. (MAMPL) paid a composition amount of S$10,000 for a series of late submissions of auditor’s reports and audited financial statements to the Monetary Authority of Singapore (MAS) between 2013 and 2015. 2 Between 2013 and 2015, MAMPL failed to put in place adequate financial controls and maintain proper records to enable timely preparation of its auditor’s reports and audited financial statements, despite repeated supervisory reminders.
- MAS
- Media Releases
Last revised date:
- Joint Press Release by MAS, SGX and ACRA Singapore, 15 January, 2008...The Monetary Authority of Singapore (MAS), the Accounting and Corporate Regulatory Authority (ACRA), and the Singapore Exchange Ltd (SGX) today established the Audit Committee Guidance Committee (ACGC). Tasked with developing practical guidance for audit committees, the industry-led ACGC is a key initiative announced by MAS and SGX in June 2007 (Please click here to view) to strengthen corporate governance practices of listed
- SSO
- Subsidiary Legislation
Last revised date:
- Notification to affected individuals 6. For the purposes of section 26D(3) of the Act, the notification by an organisation to an affected individual affected by a notifiable data breach under section 26D(2) of the Act must contain all of the following information: ( a ) the circumstances in which the organisation first became aware that the notifiable data breach had occurred; ( b ) the personal data or classes of personal data relating to the affected individual affected by the notifiable data