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....
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- MAS
- Parliamentary Replies
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- NOTICE PAPER 521 OF 2017 FOR THE SITTING ON 7 FEBRUARY 2017 QUESTION NO 952 FOR ORAL ANSWER Date: For Parliament Sitting on 7 February 2017 Name and Constituency of Member of Parliament Ms Sun Xueling, MP, Pasir Ris-Punggol GRC Question: To ask the Prime Minister (a) whether there are plans to offer online banking licences to internet companies focused on providing solutions for mobile payments; and (b) what will be the pre-requisites in terms of infrastructure and company capabilities for such licences
- MAS
- Media Releases
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- Dear Editor, I refer to “Do more to protect policy holders” (Straits Times Forum, 22 September 2008). 2 Under the deposit insurance scheme, administered by the Singapore Deposit Insurance Corporation (SDIC), an individual’s Singapore dollar current, savings and fixed deposit accounts with a full bank or finance company in Singapore have an aggregate coverage of up to S$20,000 per institution. This coverage fully insures more than 80% of individual depositors in Singapore and is within international
- MAS
- Letters to Editor
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- Dear Editor, I refer to “Do more to protect policy holders” (Straits Times Forum, 22 September 2008). Under the deposit insurance scheme, administered by the Singapore Deposit Insurance Corporation (SDIC), an individual’s Singapore dollar current, savings and fixed deposit accounts with a full bank or finance company in Singapore have an aggregate coverage of up to S$20,000 per institution. This coverage fully insures more than 80% of individual depositors in Singapore and is within international
- MAS
- Parliamentary Replies
Last revised date:
- QUESTION NO 572 NOTICE PAPER 290 OF 2013 FOR WRITTEN ANSWER Date: For Parliament Sitting on 12 August 2013 Name and Constituency of Member of Parliament Mr Gan Thiam Poh Questions: To ask the Prime Minister (a) what is the current number of financial institutions offering private banking services; (b) whether Singapore's plan to grow the private banking sector is successful and, if so, what are the reasons for its success; and (c) what is the total number of jobs created for Singaporeans in the private
- MAS
- Parliamentary Replies
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- QUESTION NO 257 NOTICE PAPER 123 OF 2015 FOR WRITTEN ANSWER Date: For Parliament Sitting on 13 July 2015 Name and Constituency of Member of Parliament Mrs Lina Chiam Question: To ask the Prime Minister, from 2011 to 2014, how many licensed fund managers were exempted from the requirement to hold a capital markets services licence under section 99 of the Securities and Futures Act . Answer by Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister in charge of MAS: 1 Prior to August 2012,
- MAS
- Media Releases
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- 28 May 2012… The Monetary Authority of Singapore (MAS) has issued a consultation paper on proposed enhancements to the regulatory requirements for unlisted margined derivatives. 2 The proposals aim to address the specific risks posed by unlisted margined derivatives such as contracts for differences (CFDs) and leveraged foreign exchange products (LFX), which are currently available to retail investors. Retail investors who trade in CFDs and LFX are exposed to considerable risks, given the
- MAS
- Media Releases
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- Bangkok, Thailand, 26 September 2019… The Monetary Authority of Singapore (MAS) and the Office of Insurance Commission (OIC), Thailand, have today signed a Memorandum of Understanding (MOU) to strengthen cooperation in insurance supervision. 2 Dr. Suthiphon Thaveechaiyagarn, Secretary General of the OIC, Thailand, said, “The good relationship between OIC and MAS in terms of insurance supervision has been developed for a long time. This MoU is an important step which will provide OIC and MAS with
- MAS
- Media Releases
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- Singapore, 25 April 2023… The Monetary Authority of Singapore (MAS) today published two consultation papers with proposals to enhance safeguards for prospecting and marketing of financial products. The enhancements seek to raise industry standards by requiring financial institutions to put in place additional controls when engaging in prospecting and marketing activities through both physical and digital means. 2. With the resumption of roadshows and the increased use of digital applications and
- PDPC
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- GUIDE TO SECURING PERSONAL DATA IN ELECTRONIC MEDIUM Published 08 May 2015 Revised 20 January 2017 -------- GUIDE TO SECURING PERSONAL DATA IN ELECTRONIC MEDIUM (revised 20 January 2017) TABLE OF CONTENTS PART 1: OVERVIEW ..................................................................................................................... 3 1 2 Introduction ................................................................................................................... 3 Purpose
- PDPC
- Help & Resources
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- This guide is for persons who are responsible for data protection within an organisation and also persons who supervise or work with infocommunication technology (“ICT”) systems and processes. Some ICT knowledge will be required to understand the terminology and concepts used. This guide seeks to provide information on common topics related to security and protection of personal data stored in electronic medium (or ”electronic personal data”); good practices that organisations should undertake to