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

    Last revised date:

    • Question No. 858 Notice Paper No. 281 of 2008 For Oral Answer Date: For Parliament Sitting on 17 November 2008 Name and Constituency of Member of Parliament Er Lee Bee Wah, MP for Ang Mo Kio Question Q858: To ask the Senior Minister following the turmoil in the financial market (a) how is the Government monitoring the market liquidity environment to ensure that banks continue to lend money to businesses; and (b) whether the Government is aware of banks either withdrawing or reducing the credit lines
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 24 June 2015… The Monetary Authority of Singapore (MAS) has reprimanded the Singapore Exchange (SGX) for lapses related to the market outages on 5 November and 3 December 2014 and directed SGX to improve its recovery capabilities and processes. There will be a moratorium on fee increases for the securities and derivatives markets with immediate effect until the improvements are completed. Following the discussion with MAS on the incidents, SGX has also decided to contribute $1 million
    • MAS
    • Media Releases

    Last revised date:

    •  Singapore, 28 April 2011 … The Monetary Authority of Singapore (MAS) has taken civil penalty enforcement action against Mr Song Qing for contravening the insider trading provision under Section 218(2)(a) of the Securities and Futures Act (SFA). 2   Bright World Precision Machinery Ltd (Bright World), a company listed on the Singapore Exchange Securities Trading Ltd (SGX-ST), announced on 21 July 2008 that China Holdings Acquisition Corp (China Holdings) intended to make a voluntary conditional
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 6 April 2015… The Monetary Authority of Singapore (MAS) will phase in the borrowing limit on unsecured credit facilities over four years to give affected borrowers more time to gradually reduce their debts. 2    MAS announced in September 2013 that it planned to prohibit financial institutions (FIs) from granting further unsecured credit to a borrower whose outstanding unsecured debt 1 across all FIs exceeds 12 times his monthly income for three consecutive months. The rule aims to help
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 25 January 2016… The Monetary Authority of Singapore (MAS) has taken civil penalty action under the Securities and Futures Act (SFA) against Mr Wong Teck Kui for insider trading in the shares of Time Watch Investments Limited (TWI). Mr Wong has admitted to contravening section 219(2)(a) of the SFA and has paid MAS a civil penalty of $110,000 without court action. 2   On 17 and 18 January 2011, Mr Wong, an appointed representative with UOB Kay Hian Private Limited (UOBKH), purchased a total
    • MAS
    • Media Releases

    Last revised date:

    •  Singapore, 28 January 2010...MAS is consulting the public on a revised package of proposals to enhance safeguards for retail customers for a wider range of investment products. 2   On 12 March 2009, MAS issued a consultation paper on the sale and marketing of unlisted investment products. MAS carefully reviewed and considered feedback received on the consultation paper and published our responses to the feedback in two parts. The first part of our response was published on 8 September 2009 and
    • PDPC
    • Public Consultations

    Last revised date:

    • Co. Registration no. : 200100843C 18 December 2017 Personal Data Protection Commission (via email: corporate@pdpc.gov.sg) Dear Sir / Madam, Public Consultation for Proposed Advisory Guidelines on the Personal Data Protection Act for NRIC Numbers We refer to the above-mentioned Public Consultation dated 7 November 2017 and wish to submit our views on the proposed enhanced framework. Please find our feedback in the Annex below for your consideration.
    • PDPC
    • Public Consultations

    Last revised date:

    • Canon Singapore Pte. Ltd. Public Consultation on the Proposed Business Operation of the Do Not Call Registry by Personal Data Protection Commission, Singapore (“PDPC”) dated 15 May 2013 Annex Question 2 CSPL Comment: We would like to clarify whether only one contact person be registered under the main account? From a corporate governance perspective, it may not be prudent to leave the administration/contact of the main-account to only one
    • MAS
    • Parliamentary Replies

    Last revised date:

    • QUESTION NO 3443 NOTICE PAPER 1389 OF 2022 FOR WRITTEN ANSWER Date: For Parliament Sitting on 04 October 2022 Name and Constituency of Member of Parliament Mr Desmond Choo, MP, Tampines GRC Question: To ask the Prime Minister in light of the recently signed FinTech Co-operation Agreement with India’s International Financial Services Centres Authority (a) what steps will the Ministry be taking to facilitate the entry of India-based fintech companies into Singapore; (b) what is the projected economic
    • MAS
    • Parliamentary Replies

    Last revised date:

    • QUESTION NO 2191 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 (a) what is the prevalence of cryptocurrency transactions involving privacy coins and privacy wallets in Singapore; and (b) whether the Government regulates the use of privacy coins and cryptocurrency mixers. policy. Answer by Mr Tharman Shanmugaratnam, Senior Minister and