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
- Media Releases
Last revised date:
- Singapore, 19 December 2018…The Monetary Authority of Singapore (MAS) announced today that it has increased the ban against Mr Tim Leissner to a lifetime Prohibition Order (PO). This follows Mr Leissner’s admission to criminal charges brought against him by the United States Department of Justice (US DOJ). 2 On 13 March 2017, MAS had issued a 10-year PO against Mr Leissner, a former director of Goldman Sachs (Singapore) Pte., to prohibit him from (i) performing any regulated activity under the
- MAS
- Notices
Last revised date:
- Requirements on banks for preparing statements of exposures and credit facilities to related concerns. This notice requires all banks to prepare quarterly statements of their exposures and credit facilities to related concerns using the form and explanatory notes attached. Note on revised MAS Notice 643A: MAS has issued a revised MAS Notice 643A that will take effect from 1 July 2021. MAS Notice 643A dated 8 Apr 2021 (353.7 KB) sets out the reporting requirements of the revised Notice. Amendment
- MAS
- Media Releases
Last revised date:
- London and New York offices to spearhead MAS' efforts to promote Singapore as a financial centre in overseas markets Singapore, 15 April 1999 ... The Monetary Authority of Singapore (MAS) officially opened its new London representative office and its promotional office in New York yesterday. The Deputy Prime Minister of Singapore and Chairman of MAS, Mr Lee Hsien Loong, was in London to officiate the event. His speech was video linked live to the New York office where Mr Koh Yong Guan, Managing
- MAS
- Media Releases
Last revised date:
- Singapore, 2 November 1999... The Monetary Authority of Singapore (MAS) today released its half-year survey of the Singapore asset management industry. [The survey report is attached.] The latest survey shows that total assets under management increased by a significant 36% in the first half of this year. As at 30 June 1999, total assets under management was S$204.1 billion, compared with S$150.6 billion at 31 December 1998. Assets under management at end-June 1999 comprised S$148.6 billion of
- MAS
- Parliamentary Replies
Last revised date:
- QUESTION NO 521 NOTICE PAPER 219 OF 2021 FOR WRITTEN ANSWER Date: For Parliament Sitting on 1 February 2021 Name and Constituency of Member of Parliament Mr Saktiandi Supaat, MP, Bishan-Toa Payoh GRC Question: To ask the Prime Minister (a) whether MAS has done any study to monitor the extent and implications of consumer data monopoly by firms; (b) how is the personal data of users of digital payments being protected when they use this payment mode; and (c) what has been the progress on the Central
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 15 March 2021… Mr Wong Leon Keat (Mr Wong) was sentenced on 12 March 2021 to a total of eight weeks’ imprisonment Mr Wong filed a notice of appeal against the imprisonment sentences on 12 March 2021. and a fine of $30,000 for false trading and deceiving a brokerage firm while trading in the shares of Gaylin Holdings Limited (Gaylin). He was convicted on 11 February 2021 and his conviction was the result of a joint investigation conducted by the Monetary Authority of Singapore (MAS) and
- PDPC
- Public Consultations
Last revised date:
- PUBLIC CONSULTATION FOR PROPOSED ADVISORY GUIDELINES ON THE PERSONAL DATA PROTECTION ACT FOR NRIC NUMBERS SUBMISSION OF COMMENTS Aviva Ltd Contact Person: Jasline Pang Title: Manager Contact Emails: jasline_pang@aviva-asia.com 12/18/2017 -------- Clarifications required on the consultation paper Paragraphs from the consultation paper requiring clarification Questions / Proposals Proposed Advisory Guidelines on the Personal Data Protection Act for NRIC Numbers 1.13 Circumstances
- MAS
- Media Releases
Last revised date:
- Singapore, 27 March 2017…The Monetary Authority of Singapore (MAS) today signed cooperation agreements with the Autorité de Contrôle Prudentiel et de Résolution (ACPR) and the Autorité des Marchés Financiers (AMF) of France to enhance FinTech cooperation between both countries. The cooperation agreement provides a framework under which ACPR, AMF, and MAS will share information about emerging FinTech trends, potential joint innovation projects, and regulatory issues pertaining to innovative financial
- MAS
- Media Releases
Last revised date:
- Singapore, 13 November 2018… The Astana Financial Services Authority (AFSA), Astana International Financial Centre Authority (AIFCA) and the Monetary Authority of Singapore (MAS) have signed a tripartite Cooperation Agreement to boost FinTech ties between Singapore and Kazakhstan. 2 The Agreement provides a framework for cooperation between AFSA, AIFCA and MAS in FinTech innovation, allowing the three authorities to explore joint participation in innovative projects and sharing of information on
- MAS
- Media Releases
Last revised date:
- Singapore, May 23, 2017... IFC, a member of the World Bank Group and the Monetary Authority of Singapore (MAS) signed a memorandum of cooperation today, agreeing to work together to establish and develop the ASEAN Financial Innovation Network (AFIN). The network aims to facilitate broader adoption of financial technology (FinTech) innovation and development, and enhance economic integration within the ASEAN region. Through AFIN, IFC and MAS plan to establish a regional network to help financial institutions