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
- Circulars
Last revised date:
- Requirements for banks when setting up limited purpose branches to provide remittance and money-changing services. Date: 30 June 2003 Cir. No. BD 15/2003 Dear Sir/Madam To Chief Executive Officers of All Banks SETTING UP OF ADDITIONAL OUTLETS TO PROVIDE REMITTANCE AND MONEY-CHANGING SERVICES MAS has received enquiries from banks on the setting up of additional outlets to provide remittance and money-changing services. 2 Banks may apply to MAS under
- MAS
- Media Releases
Last revised date:
- Chiang Rai, Thailand, 4 April 2019… The Monetary Authority of Singapore (MAS) and the National Bank of Cambodia (NBC) today signed a Memorandum of Understanding (MOU) to strengthen cooperation in FinTech innovation between both countries. 2 Under the MOU, both countries will share information on emerging market trends and developments in FinTech, as well as regulatory issues pertaining to innovation in financial services. The two authorities will work together to conduct joint training sessions
- MAS
- Parliamentary Replies
Last revised date:
- Issues Raised in Parliament DPM's replies to parliamentary question: Real Time Gross Settlement System For Parliament Sitting on 20 Apr 98 Question: To ask the Deputy Prime Minister (a) what is the status of the Real Time Gross Settlement System at the Monetary Authority of Singapore; (b) what caused the delay in its implementation; and (c) whether its implementation will make the Singapore dollar less vulnerable to speculative attacks by hedge funds. Answer: (a) MAS is in the final stages of testing
- MAS
- Media Releases
Last revised date:
- Singapore, 13 June 2005...The Monetary Authority of Singapore (MAS) today released a consultation paper on the draft Financial Advisers (Traded Endowment Policies (TEPs) and Traded Life Policies (TLPs) - Prescribed Investment Products) Regulations 2005. 2 The Regulations prescribe TEPs and TLPs as investment products under the Financial Advisers Act and set out the restrictions that will apply to any financial adviser choosing to distribute TEP/TLPs. They incorporate the policy proposals set
- MAS
- Media Releases
Last revised date:
- Singapore, 8 Oct 2003 - The Monetary Authority of Singapore (MAS) today announced that members of its International Advisory Panel (IAP), which include global business and financial leaders, will be having their fourth meeting in Singapore on 13 October 2003. The IAP was set up in November 1998 to advise the MAS on market developments in international financial centres and trends in the global financial industry. The IAP members attending this year's meeting are: Mr Lim Hng Kiang, Chairman of the
- MAS
- Media Releases
Last revised date:
- Hong Kong, 25 October 2017… The Monetary Authority of Singapore (MAS) and the Hong Kong Monetary Authority (HKMA) signed an agreement to strengthen co-operation on FinTech between the two cities and foster FinTech development within the region. The Co-operation Agreement (“Agreement”) was exchanged on 25 October 2017, at the FinTech Day organised by the HKMA. As part of the Agreement, MAS and HKMA have committed to work on a strategic project on trade finance cross-border infrastructure, based on
- MAS
- Letters to Editor
Last revised date:
- Dear Editor, “Comply or explain” regime imposes discipline while providing flexibility We refer to the article “Offer for CMA is still undervalued” by Mr Michael Dee (The Business Times, 29 May 2014). Mr Dee’s article had made reference to MAS ‘guidelines’ and suggested that “guidelines which have no meaningful enforcement or oversight should be eliminated”. We believe that Mr Dee was referring to the Code of Corporate Governance (CG Code), which operates on a “comply or explain” basis, in relation
- SSO
- Legislation
Last revised date:
- Correction of personal data 22. —(1) An individual may request an organisation to correct an error or omission in the personal data about the individual that is in the possession or under the control of the organisation. (2) Unless the organisation is satisfied on reasonable grounds that a correction should not be made, the organisation shall — ( a ) correct the personal data as soon as practicable; and ( b ) subject to subsection (3), send the corrected personal data to every other organisation
- MAS
- Notices
Last revised date:
- Requirements for market operators which may exercise discretion in placing or executing orders Amendment Notes There are no amendment notes for this notice. Monetary Authority of Singapore SECURITIES AND FUTURES ACT (CAP. 289) NOTICE ON EXECUTION OF ORDERS BY MARKET OPERATORS -------- Notice No.: SFA02-N03 Issue Date: 3 September 2020 NOTICE ON EXECUTION OF ORDERS BY MARKET OPERATORS 1 INTRODUCTION This Notice is issued pursuant to section 45 of the Securities and Futures Act
- MAS
- Enforcement Actions Media Releases
Last revised date:
- Singapore, 19 July 2023… The Monetary Authority of Singapore (MAS) has issued five-year prohibition orders (POs) against Ms Huang Mengting, a former representative of Prudential Assurance Company Singapore (Pte) Limited (Prudential). The POs were issued following Ms Huang’s conviction in the State Courts for cheating offences. Her offences also gave MAS reason to believe that she will not perform financial advisory services honestly. 2 Under the POs, which took effect from 19 July 2023, Ms Huang