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
- Enforcement Actions Media Releases
Last revised date:
- Singapore, 10 June 2022… Mr Tan Chee Keong (Mr Tan) was today convicted and sentenced to 3 months and 2 weeks’ imprisonment for insider trading and acquiring benefits from criminal conduct. At the time of the commission of the offence, Mr Tan was the Chief Financial Officer of Broadway Industrial Group Limited (BIGL), a company listed on the Mainboard of the Singapore Exchange 1 . 2. Mr Tan pleaded guilty to and was convicted of a charge under section 218(3)(a) of the Securities and Futures Act
- MAS
- Media Releases
Last revised date:
- Singapore/Philippines, 8 November 2021… The Monetary Authority of Singapore (MAS) and the Bangko Sentral ng Pilipinas (BSP) today signed an enhanced FinTech Cooperation Agreement (CA) to facilitate interoperable payments between Singapore and the Philippines. The enhanced CA builds on the earlier 2017 agreement to broaden the scope of FinTech collaboration and partnership between MAS and BSP. 2. The CA will facilitate the linkage of both countries’ real-time and QR payment systems, to provide instant
- MAS
- Media Releases
Last revised date:
- Singapore/Malaysia, 27 September 2021… The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) today announced plans to commence a phased linkage of Singapore’s PayNow and Malaysia’s DuitNow real-time payment systems. 2. The first phase of the PayNow-DuitNow linkage will be launched in the fourth quarter of 2022. This will allow customers of participating financial institutions to make real-time fund transfers between Singapore and Malaysia using just a mobile number. Customers
- MAS
- Explainers
Last revised date:
- Borrowers who have accumulated unsecured debt exceeding 6 times their monthly income cannot obtain new credit facilities that will cause their total credit limit to exceed 12 times monthly income. They can still draw on existing credit facilities. Credit Limit Management Measure MAS introduced the Credit Limit Management Measure (CLMM) to help borrowers to avoid becoming highly indebted with early intervention. Under the CLMM, if a borrower has accumulated outstanding unsecured debt (i.e. unpaid,
- MAS
- Media Releases
Last revised date:
- Singapore, 17 May 2018... The Monetary Authority of Singapore (MAS) has issued revised regulatory requirements which set out the revised reporting standards for banks in Singapore. These changes will take effect on 1 October 2020. This is in line with MAS’ objectives to collect data in machine-readable format and to reduce duplicate data submissions by financial institutions (FIs). 2 The key changes to the regulatory requirements include: (i) collecting more granular data of banks’ assets and
- MAS
- Enforcement Actions Media Releases
Last revised date:
- Singapore, 14 December 2022… The Monetary Authority of Singapore (MAS) has issued 8-year prohibition orders (POs) against Mr Selvarajulu S/O Subramaniam, a former representative of The Great Eastern Life Assurance Company Limited (Great Eastern). The POs were issued following his conviction in the State Courts for cheating offences. 2. Under the POs, which will take effect from 14 December 2022, Mr Selvarajulu is prohibited from providing any financial advisory services, and from taking part in the
- MAS
- Forms and Templates
Last revised date:
- Form for an exempt benchmark submitter to notify MAS of its intention to start providing information to a designated benchmark. SECURITIES AND FUTURES ACT (CAP. 289) SECURITIES AND FUTURES (FINANCIAL BENCHMARKS) REGULATIONS 2018 REGULATION 18(2) FORM 4 NOTIFICATION TO CARRY ON A BUSINESS OR ACTIVITY OF PROVIDING INFORMATION IN RELATION TO A DESIGNATED BENCHMARK AS AN EXEMPT BENCHMARK SUBMITTER 1. Please read the explanatory notes and questions carefully before
- MAS
- Parliamentary Replies
Last revised date:
- Date: For Parliament Sitting on 14 February 2023 Name and Constituency of Member of Parliament Mr Yip Hon Weng, MP, Yio Chu Kang SMC Question To ask the Prime Minister (a) whether the Government will consider raising the hiring requirements for family offices beyond two investment professionals and incorporate creation of local jobs as a criterion; (b) how does the Ministry ensure that financial assets held by family offices in Singapore are anchored here; and (c) what is the cost-benefit analysis
- MAS
- Parliamentary Replies
Last revised date:
- Date: For Parliament Sitting on 6 March 2023 Name and Constituency of Member of Parliament Mr Yip Hon Weng, MP, Yio Chu Kang SMC Question To ask the Prime Minister (a) what are the Ministry’s plans to curtail cross-border scams given the enhanced connectivity to transfer money through real-time payments; and (b) how is the Ministry working with international financial and security organisations to prevent such cross-border scams from taking place. Answer by Mr Tharman Shanmugaratnam, Senior Minister
- MAS
- Notices
Last revised date:
- Benchmark Administrators: Submission of Periodic Reports This notice sets out the requirements for the periodic reports and declarations to be submitted by benchmark adminstrators. Amendment Notes There are no amendment notes for this notice. Monetary Authority of Singapore SECURITIES AND FUTURES ACT (CAP. 289) NOTICE ON SUBMISSION OF PERIODIC REPORTS FOR BENCHMARK ADMINISTRATORS -------- Notice No: SFA 06AA-N01 Issue Date: 4 October 2018 NOTICE ON SUBMISSION OF PERIODIC