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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- Subsidiary Legislation
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- Notification to Commission 5. —(1) For the purposes of section 26D(3) of the Act, the notification by an organisation to the Commission of a notifiable data breach under section 26D(1) of the Act must include all of the following information: ( a ) the date on which and the circumstances in which the organisation first became aware that the data breach had occurred; ( b ) a chronological account of the steps taken by the organisation after the organisation became aware that the data breach had occurred
- MAS
- Media Releases
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- Singapore, 26 April 2021… The Monetary Authority of Singapore (MAS) today launched a report on the foundational digital infrastructure necessary for an inclusive digital economy and seamless cross-border transactions around the world. 2. The rapid growth of digital solutions has helped enhance the economic and social well-being of millions of people around the world. However, digital inclusion and inter-operability across solutions remain as challenges. The report notes that foundational digital
- MAS
- Parliamentary Replies
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- QUESTION NO 2192 NOTICE PAPER 1393 OF 2022 FOR WRITTEN ANSWER Date: For Parliament Sitting on 04 October 2022 Name and Constituency of Member of Parliament Mr Yip Hon Weng, MP, Yio Chu Kang SMC Question: To ask the Prime Minister in view of Singapore opening up to cryptocurrency in the last two years (a) whether there is an influx of businessmen interested in setting up cryptocurrency investment companies in Singapore; and (b) what are the safeguards to prevent money laundering operators and fraudsters
- MAS
- Parliamentary Replies
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- Date: For Parliament Sitting on 9 January 2023 Name and Constituency of Member of Parliament Mr Yip Hon Weng, MP, Yio Chu Kang SMC Question To ask the Prime Minister with the increase in Singapore-based Single Family Offices (a) how many financial professionals have left financial institutions to join these family offices; (b) what are the common reasons for the job switch; (c) how does the outflow of talent impact our local financial institutions and in turn, our global economy hub status; and (
- MAS
- Letters to Editor
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- Dear Editor, We refer to the letters from Mr Sarvjeet Sharma (“Banking revolution may be bad news for employees”, 6 July) and Dr Patrick Liew Siow Gian (“Add value to roles that cannot be managed by technology”, 9 July) commenting on the growing use of technology and its impact on jobs. Technology is reshaping the way products and services are produced and consumed. To stay competitive, businesses have no choice but to harness technology so that they can serve their customers better. The financial
- MAS
- Media Releases
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- Singapore, 20 July 2020… The fifth UK-Singapore Financial Dialogue was held over a virtual meeting today. At the Dialogue, views were exchanged on domestic and international financial market developments and a broad range of issues discussed, including the parties’ respective responses to the COVID-19 pandemic. The Dialogue was chaired by Ms Katharine Braddick, Director General (Financial Services) of HM Treasury, and Ms Jacqueline Loh, Deputy Managing Director of the Monetary Authority of Singapore
- MAS
- Media Releases
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- Singapore, 26 April 2021… The Monetary Authority of Singapore (MAS) today launched a report on the foundational digital infrastructure necessary for an inclusive digital economy and seamless cross-border transactions around the world. 2. The rapid growth of digital solutions has helped enhance the economic and social well-being of millions of people around the world. However, digital inclusion and inter-operability across solutions remain as challenges. The report notes that foundational digital
- MAS
- Media Releases
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- Singapore, 28 Sep 2004...Singapore's average daily foreign exchange (forex) turnover reached US$125 billion for April 2004. The Bank for International Settlement's (BIS) Triennial Survey of Forex and OTC (over-the-counter) Derivatives Market Activity showed forex turnover in Singapore at US$125 billion was some 24% higher than the previous survey figure of US$101 billion in 2001. Based on the BIS Survey, Singapore remains the fourth largest forex centre in the world and the second largest centre
- MAS
- Media Releases
Last revised date:
- Singapore 8 August 2002. The Monetary Authority of Singapore (MAS) today issued transitional regulations under the Securities and Futures Act (SFA) and the Financial Advisers Act (FAA). The regulations set out procedures for migration to the new SFA and FAA regulatory framework of intermediaries registered and licensed under the Insurance Intermediaries Act (IIA), Securities Industry Act (SIA) and the Futures Trading Act (FTA). 2 The SFA and the FAA will be fully implemented by the end of September
- MAS
- Parliamentary Replies
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- QUESTION NO 1649 NOTICE PAPER 665 OF 2021 FOR WRITTEN ANSWER Date: For Parliament Sitting on 13 September 2021 Name and Constituency of Member of Parliament Mr Chong Kee Hiong, MP, Bishan-Toa Payoh GRC Question: To ask the Prime Minister with regard to leases of non-residential properties (a) what is the number of landlords and units they own that are in arrears of mortgage payments since the start of the COVID-19 pandemic; and (b) for landlords who are legally obliged to give rental reliefs to support