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
- Media Releases
Last revised date:
- Singapore, 16 October 2003...The Monetary Authority of Singapore (MAS) today issued a consultation paper on its proposal to implement authorisation and approval frameworks for the cross-border supply of certain types of insurance services to Singapore. The paper consists of two parts: MAS' responses to feedback received in relation to the authorisation framework during the consultation conducted in May 2003 on the Draft Insurance (Amendment) Bill 2003 and proposed regulations on the authorisation
- MAS
- Media Releases
Last revised date:
- Singapore, 8 November 2002. Singapore sees a 54% increase in total treasury revenue amounting to S$8.0 billion in 2001 compared to the S$5.2 billion in 2000. Profit before tax rose 68%, to S$6.7 billion in 2001 from S$4.0 billion in 2000. This is a credible performance in the face of a 19% dip in global forex trading activity last year as reported in the 2001 BIS Triennial Central Bank of Survey of Foreign Exchange and Derivatives Market Activity. As such, Singapore retains its leading global position
- MAS
- Media Releases
Last revised date:
- Singapore, 3 January 2022... The Commercial Affairs Department (CAD) of the Singapore Police Force and the Monetary Authority of Singapore (MAS) launched a joint investigation into online trading platform, Samtrade FX run by Samtrade FX Limited, a company registered in St Vincent and the Grenadines and into its related Singapore entities Samtrade FX LLP and Samtrade FX (SG) Pte Ltd Samtrade FX operates on the website https://www.samtradefx.com on 28 December 2021. Samtrade FX Limited and its related
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 24 January 2018… The Monetary Authority of Singapore (MAS) has issued prohibition orders against Mr Tan Peng Khoon. Mr Tan will be prohibited for a period of 8 years from: (i) carrying on business and taking part in the management of any insurance intermediary under the Insurance Act; and (ii) providing any financial advisory service, and taking part in the management, acting as a director, or becoming a substantial shareholder of any financial advisory firm under the Financial Advisers
- MAS
- Letters to Editor
Last revised date:
- Dear Editor, We thank Mr Danny Quah Wei Sheng for his feedback on the effectiveness of government’s financial support schemes to small and medium-sized enterprises (SMEs) (“Loans to SMEs: Impose conditions rather than seek personal guarantees”, 28 April 2020). Mr Quah asked if the interest rates on loans to SMEs should be closer to the 0.1% rate at which the Monetary Authority of Singapore (MAS) lends to eligible financial institutions under the MAS SGD Facility for ESG Loans . Under this Facility
- MAS
- Parliamentary Replies
Last revised date:
- QUESTION NO 1659 NOTICE PAPER 984 OF 2017 FOR WRITTEN ANSWER Date: For Parliament Sitting on 8 January 2018 Name and Constituency of Member of Parliament Ms Foo Mee Har, MP, West Coast GRC Question: To ask the Prime Minister what levers are available to MAS and law enforcement agencies to enforce anti-money laundering and counter-terrorism financing laws that use bitcoin currency where conventional oversight mechanisms of the real money market do not apply. Answer by Mr Tharman Shanmugaratnam, Deputy
- MAS
- Media Releases
Last revised date:
- Singapore, 24 January 2018… The Monetary Authority of Singapore (MAS) has issued prohibition orders against Mr Tan Peng Khoon. Mr Tan will be prohibited for a period of 8 years from: (i) carrying on business and taking part in the management of any insurance intermediary under the Insurance Act; and (ii) providing any financial advisory service, and taking part in the management, acting as a director, or becoming a substantial shareholder of any financial advisory firm under the Financial Advisers
- MAS
- Media Releases
Last revised date:
- JOINT NEWS RELEASE 16 March 2012 – The Monetary Authority of Singapore (MAS) and the Singapore Exchange (SGX) today jointly signed a Memorandum of Understanding (MOU) on the Expedited Review Framework for Secondary Listings. The Expedited Review Framework is an initiative under the ACMF Implementation Plan endorsed by the ASEAN Finance Ministers in 2009. The objective of the Framework is to speed up the processing of secondary listing applications together with the relevant disclosure documents
- MAS
- Media Releases
Last revised date:
- Singapore, 21 October 2010...MAS has issued its response to feedback on the proposals in the Consultation Paper on the Regulatory Regime for Listed and Unlisted Investment Products, which was published on 28 January 2010. 2 MAS received extensive feedback from consumers and the industry, which we have carefully reviewed and considered. MAS thanks all respondents for their supportive and useful feedback. 3 MAS' response addresses feedback on the following proposals: (
- MAS
- Letters to Editor
Last revised date:
- 1 June 2012 Editor-in-Chief Nanyang Siang Pau Dear Editor, The article "Singapore replaces Switzerland as tax haven" (Nanyang Siang Pau, 16 May 2012) contains many inaccuracies. 2 First, the reference to Singapore as a tax haven is plainly wrong. A tax haven typically has a tax structure designed to attract enterprises and individuals keen to avoid tax and not requiring substantive local presence by such enterprises and individuals. Singapore’s tax system aims to attract substantive economic activities