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....
Showing 3926 Documents for "business trust"
Filter by
Sort by
- MAS
- Subsidiary Legislation
Last revised date:
- Sets out requirements for carrying on financial guarantee insurance business as a direct insurer licensed under the Insurance Act (Cap. 142). 28 Feb 2020 Insurance (Financial Guarantee Insurance) (Amendment) Regulations 2020 (61.9 KB) (61.9 KB) takes effect on 31 Mar 2020. 19 Dec 2018 Insurance (Financial Guarantee Insurance) (Amendment) Regulations 2018 takes effect on 1 Jan 2019. INSURANCE ACT (CHAPTER 142) INSURANCE (FINANCIAL GUARANTEE INSURANCE) (AMENDMENT) REGULATIONS 2020 In exercise
- MAS
- Letters to Editor
Last revised date:
- We thank Mr Dharmendra Yadav for his feedback, (“ Government bodies also have a fair-dealing role”, 12 September 2019). On 6 September, the Monetary Authority of Singapore (MAS) and the Singapore Academy of Law (SAL) launched the pilot initiative of the Payments Regulatory Evaluation Programme (PREP). To create the documents necessary to launch the pilot and fine-tune the documents during this time, MAS worked with a smaller group of law firms which are familiar with the payments industry. This group
- MAS
- Parliamentary Replies
Last revised date:
- Parliamentary question on banking mergers Date: For Parliament Sitting on 14 Jan 1998 __________________________________________________________________ Question To ask the Deputy Prime Minister (a) if he will offer incentives to local banks to merge so that the banks may pool resources to compete with foreign banks; and (b) if he will consider reviewing shareholding ceilings of the banks incorporated in Singapore. Answer: 1. The financial services industry is in ferment worldwide. The driving forces
- MAS
- Speeches
Last revised date:
- Date: 19 Sep 2000 Singapore, 19 September 2000. The Monetary Authority of Singapore (MAS) announced today changes to the Capital Adequacy Ratio (CAR) for Singapore-incorporated banks. From 30 September 2000, the minimum Tier 1 CAR component for Singapore-incorporated banks will be lowered from 10% to 8%, while the total CAR requirement will remain unchanged at 12%. The balance of the total CAR requirement (i.e. up to 4%) may comprise Upper Tier 2 capital. The components of Upper Tier 2 capital
- MAS
- Media Releases
Last revised date:
- Singapore, 19 September 2000 ... The Monetary Authority of Singapore (MAS) announced today changes to the Capital Adequacy Ratio (CAR) for Singapore-incorporated banks. From 30 September 2000, the minimum Tier 1 CAR component for Singapore-incorporated banks will be lowered from 10% to 8%, while the total CAR requirement will remain unchanged at 12%. The balance of the total CAR requirement (i.e. up to 4%) may comprise Upper Tier 2 capital. The components of Upper Tier 2 capital are unchanged.
- MAS
- Parliamentary Replies
Last revised date:
- Parliamentary question on rising interest rates Date: For Parliament Sitting on 14 Jan 98 ____________________________________________________________________ Question To ask the Deputy Prime Minister what is the impact of rising interest rates on the economy. Answer: 1. MAS does not expect the recent rise in interest rates to hurt the Singapore economy significantly. Our corporate and household debt are both quite low. An MAS study has found that the debt-to-equity ratio of 181 companies 1 listed
- MAS
- Media Releases
Last revised date:
- The editor Lianhe Zaobao Dear Sir, We refer to your article "Can EC-Asia's incident be avoided?" [LHZB 5 June 2003] . Under the disclosure-based regime under the Securities and Futures Act (SFA), it is the responsibility of issuers and their advisers to ensure that prospectuses contain adequate and accurate information for investors. MAS' review of prospectuses cannot substitute for the issuer's own due diligence. This is because the regulator cannot be privy to all the information that the issuer
- MAS
- Enforcement Actions
Last revised date:
- 1 On 24 December 2014, MAS reprimanded JPMorgan Chase Bank, N.A., Singapore Branch [“JPMorgan”] for contraventions of section 23B(3)(a) of the FAA and section 99B(3)(a) of the SFA. 2 Section 23B(3)(a) of the FAA stipulates that a principal shall not permit any individual to provide any type of financial advisory service on its behalf unless the individual is an appointed or provisional representative in respect of that type of financial advisory service. Section 99B(3)(a) of the SFA
- PDPC
- Public Consultations
Last revised date:
- RESPONSE TO CONSULTATION PAPER Consultation topic: Public Consultation for Managing Unsolicited Commercial Messages and the Provision of Guidance to Support Innovation in the Digital Economy Name1/Organisation: St. James’s Place (Singapore) Private Limited 1if responding in a personal capacity Contact number clarifications: Email clarifications: address for any +65 6390 4626 for any jane.soh@sjp.asia 1 -------- Question 2: What are your views
- MAS
- Parliamentary Replies
Last revised date:
- QUESTION NO 749 NOTICE PAPER 1042 OF 2018 FOR WRITTEN ANSWER Date: For Parliament Sitting on 5 February 2018 Name and Constituency of Member of Parliament Ms Joan Pereira, MP, Tanjong Pagar GRC Question: To ask the Prime Minister (a) what are the measures in place to ensure all cashless transactions originating in Singapore are encrypted and secure; and (b) what are the contingency plans in place in the event of network breakdowns and power failures. Answer by Mr Tharman Shanmugaratnam, Deputy Prime